Insurance Activities definition

Insurance Activities means any insurance activity involving the sale of any product or service determined to constitute insurance, assurance or reinsurance by the Laws in effect in any jurisdiction in the world, the conduct of any insurance brokerage activities or services or the provision of insurance advisory services, business processes or software.
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Insurance Activities means any form of insurance of any kind that AIG or any subsidiary does as of the date of determination (or at that time proposes to) underwrite, reinsure, market or sell (any such form of insurance, an “AIG Insurance Product”) or any other form of insurance that is marketed or sold in competition with any AIG Insurance Product. For the avoidance of doubt, if an entity engages solely in self-insurance activities as a part of its operations, such activities will not constitute the engagement in Insurance Activities by the entity.
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Insurance Activities means (i) the property and casualty insurance business, including commercial insurance, business insurance, personal insurance and specialty insurance; (ii) the life, accident and health insurance business; (iii) the underwriting, reinsurance, marketing or sale of (x) any form of insurance of any kind that the Company as of the date of determination does, or proposes to, underwrite, reinsure, market or sell (any such form of insurance, an “AIG Insurance Product”) or (y) any other form of insurance that is marketed or sold in competition with any AIG Insurance Product; or (iv) any other insurance business that as of the date of determination is a direct and material competitor of one of the Company’s insurance businesses. For the avoidance of doubt, if a person or entity engages solely in self-insurance activities as a part of its operations, such activities shall not constitute the engagement in Insurance Activities by such person or entity.
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Examples of Insurance Activities in a sentence

  • The Act on Insurance Activities includes provisions on consumer protection.

  • The internal rules must be in a form reproducible in writing.(4) Section 253 of the Insurance Activities Act applies to the audit firm that audits the fund.(5) The Financial Supervision Authority exercises supervision over the provisions of subsections (1) to (4) ofthis section and § 711of this Act to the extent and in accordance with the procedure set out in Chapter 12 of the Insurance Activities Act.

  • Financial and Insurance Activities also played a role in the UK and US.

  • Pursuant to the Act on Insurance Activities, the Colonnade Insurance S.A. Branch Office in Hungary will send a reasoned response to the complaint to the customer within 30 calendar days of receipt.

  • The Act on Insurance Activities stipulates compulsory conditions for the activity of insurance companies, establishment of an insurance company, operating license and registration in the Register of Insurance Companies, financial basis (solvency), holdings, board of directors, auditing and activities of foreign insurance companies in Iceland.

  • Weather Reporters must have a signal that can be heard by those members who need to hear it (especially those in the Bahamas).

  • Finally, Insurance Activities is the amount of insurance activities among total activities, Total Debt is the amount of debt which includes senior debt, i.e. mainly deposits for banking activities, and subordinated debt, Separate Accounts is the amount of business which is not at shareholder risk.22 3.2.1 Hypotheses and Expected Contributions It is worth clarifying beforehand the expectations with respect to the marginal contribution of single factors on systemic risk.

  • The Insurance Activities Act applies otherwise to this insurance.

  • The reverse mortgage scheme is a product of FHB Mortgage Bank Plc.; consequently, the contracts concluded through FHB Annuity are reported in the balance sheet of FHB Mortgage Bank Plc.At 3 June 2013, the Parliament accepted amendment in the Act LX of 2003 on Insurance Companies and Insurance Activities.

  • The striking result of such robustness check is that, Insurance Activities, Total Debt and Separate Accounts appear to be statistically and economically significant deter- minants of systemic risk, although not uniformly for the 2 measures: in fact, Separate Accounts are statistically insignificant for the ∆CoVaR.


More Definitions of Insurance Activities

Insurance Activities means the activities of undertaking liability by the insurer, under a contract of insurance, to pay damages or compensation to the insured contingent upon the happening of an insurance event;
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Insurance Activities means the integrity of actual actions, implemented as entrepreneurial activity, aimed at concluding insurance contracts, fulfilling the commitments assumed thereby, and exercising the rights acquired thereby;
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Related to Insurance Activities

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Insurance Act means the Insurance Act, 1938;

  • Flood Insurance Study means the official report provided by the Federal Insurance Administration that includes flood profiles, the Flood Insurance Rate Map, the Flood Boundary and Floodway Map, and the water surface elevation of the base flood.

  • Insured means the Executive.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Major life activities means functions such as caring for one's self, performing manual tasks, walking, seeing, hearing, speaking, breathing, learning and working.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Insurance Information means the insurance information required by the Access Provider pursuant to Clause 5(b)(xi) hereof.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Activities has the meaning specified in Section 7.02(b).

  • insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Insurance transaction means any transaction involving insurance primarily for personal, family, or household needs rather than business or professional needs that entails:

  • Insurance carrier means every insurance carrier duly