Insurance Assets definition

Insurance Assets means sums payable to the insured under an insurance policy, including, any gross unearned premiums and any payment on account of loss which results in a reduction of unearned premium with respect to the underlying policy.

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Insurance Assets means annuities and other insurance or reinsurance-related assets.

Insurance Assets means rights, property and assets vested in the Commonwealth under section 38b or acquired by the Commonwealth as a result of the exercise of its powers under this Part.”.

Examples of Insurance Assets in a sentence

Recapture shall be deemed to occur upon the receipt by Cedent of such invested assets, cash and Cash Equivalents and such General Account Other Insurance Assets, free of all liens or other encumbrances.
All such expenses will be paid first from funds contributed to the Escrow Account directly by Dow Corning and second from Shared Insurance Assets.
Dow Corning and Dow Chemical agree to contribute certain Shared Insurance Assets to the Trust.
As contemplated by Section 1.8(a) of the Trust Agreement, pursuant to, and in accordance with, Section 4.9.4 of the Plan, the Reorganized Debtor hereby transfer and assigns to the Talc Trust, and the Talc Trust hereby accepts, the Talc Insurance Assets.
Nothing in this Agreement shall prejudice the rights of Dow Corning or Dow Chemical to settle or pursue coverage under any insurance which is not Shared Insurance Assets.
The allocation provisions of this Agreement shall terminate seventeen and one-half years after the Effective Date so that Dow Corning and Dow Chemical shall retain any funds that either may receive from the Shared Insurance Assets seventeen and one- half years or more after the Effective Date.
It is the intent of the Parties that the 75% of the Shared Insurance Assets recovered by Dow Corning and Dow Chemical shall be paid, within 30 days of receipt, 66 2/3% to the Settlement Trust and 33 1/3% to the Litigation Trust.
Any amounts due HMR shall be deducted from any amount recovered from the Shared Insurance Assets by Dow Corning or Dow Chemical in accordance with the HMR Agreement.
With the exception of the final payment required under Section 5 of the Agreement, to the extent that funds are paid from the Shared Insurance Assets to the Trusts pursuant to this Agreement, such payments shall be deducted from Dow Corning’s future obligations to those Trusts pursuant to the Plan.
Recognizing their respective obligations to exercise best efforts to recover the Shared Insurance Assets, Dow Corning or Dow Chemical may, in their reasonable discretion, refrain from pursuing recovery of any Shared Insurance Asset or settle any coverage dispute concerning any Shared Insurance Asset or other insurance.

More Definitions of Insurance Assets

Insurance Assets means Regulated Insurance Assets of an Insurance Subsidiary and Insurance Holdings.

Insurance Assets means, collectively, the Insurance Coverage, Insurance Recoveries, Insurance Actions, Insurance Policies for TCE Claims and Insurance Rights.

Insurance Assets means the assets, properties, Contracts (other than Excluded Contracts) and rights owned or primarily used or held for use in the operation of the Insurance Business, including, without limitation, all expirations, receivables and prepaid amounts relating thereto.

Insurance Assets means and includes (i) all premiums attributable or referable to Life Insurance Policies; (ii) any direct debit mandate, standing order or other instruction in force on the Effective Date, providing for the payment by a bank or other intermediary of premiums or other amounts to Max Life under or in respect of any Life Insurance Policies (iii) rights, benefits and powers under or by virtue of the Life Insurance Policies; (iv) any proposals for insurance not yet accepted and any offer or invitation for insurance made by Max Life; (v) the Shareholder’s Fund pertaining to Max Life; (vi) the Policyholders’ Fund pertaining to Max Life (vii) entitlement of Max Life to carry out in any capacity, including as trustee, any activity in connection with or for the purposes of the Life Insurance Undertaking and (viii) any other rights and entitlement of Max Life pertaining to the Life Insurance Policies;

Insurance Assets means the assets associated with the Insurance Business which, together with the ATIS assets, are listed on Exhibit H hereto.