Independently procured insurance definition

Independently procured insurance means insurance procured under Section 31A-15-104.

Independently procured insurance means insurance procured by an insured directly from a Surplus Lines Insurer or other Non-Admitted Insurer as permitted by the laws of the Home State.

Independently procured insurance means insurance procured

Examples of Independently procured insurance in a sentence

• Independently procured insurance taxIf you purchase or renew a taxable insurance contract directly from an insurer not authorized to transact business in New York State under a Certificate of Authority from the Superintendent of FinancialServices, you may be liable for a tax of 3.6% of the premium.

• Independently procured insurance The term "independently procured insurance" means insurance procured directly by an insured from a nonadmitted insurer.

• Independently procured insurance The term “independently procured insurance” means insurance procured directly by an insured from a nonadmitted insurer.

• Independently] procured insurance [will not be determined automatically to qualify for the payment rates for purchased general and/or professional liability insurance.

• Independently procured insurance in the insured's home state shall be considered independently procured insurance in all compacting states and contracting states.

More Definitions of Independently procured insurance

Independently procured insurance means insurance procured directly by an insured from a nonadmitted insurer.

Independently procured insurance means insurance procured directly by an insured

Independently procured insurance means insurance obtained by a person directly from a nonadmitted insurer.

Independently procured insurance means insurance procured directly by an insured from a surplus lines insurer.

Independently procured insurance means insurance procured by an insured directly from a Nonadmitted Insurer as permitted by the laws of the Home State.

Independently procured insurance means insurance procured by an

Independently procured insurance means surplus lines insurance procured directly by an insured from an eligible surplus lines insurer.