Insurance Bureau definition

Insurance Bureau means the Insurance Bureau of the Financial Supervisory Commission of Taiwan;
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Insurance Bureau means the office overseeing the regulation of insurance, insurers, and health maintenance organizations.
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Examples of Insurance Bureau in a sentence

  • In the event of an accident, this database may be used by Insurers, MIIC and the Motor Insurance Bureau to identify relevant policy information.

  • In the event of an accident, this database may be used by insurers, MIIC and the Motor Insurance Bureau to identify relevant policy information.

  • Each policy of insurance shall provide that any loss shall be payable to the Lender in priority to every person, subject to an Insurance Bureau of Canada approved standard mortgage clause or other mortgage clause acceptable to the Lender, and shall contain an undertaking by the insurer to notify the Lender in writing, not less than fifteen (15) days prior to any material change, cancellation, failure to renew, or termination thereof.

  • All insurance policies must be carried with a company that is satisfactory to the Lender, show the Lender as loss payee, co-insured and beneficiary of the insurance indemnities as its interest appears, contain hypothec clauses approved by the Insurance Bureau of Canada, or by the Lender, confirming that any loss proceeds will be paid first to the Lender, and give the Lender the first right to receive and to have an hypothec on the insurance proceeds.

  • All such insurance policies shall be provided by licensed insurance companies approved by the Bank, provide that any loss shall be payable to the Bank as its interest may appear, contain the standard mortgage clauses approved by the Insurance Bureau of Canada or the Bank, contain no co-insurance provisions, and be in amounts and in form and on terms as are satisfactory to the Bank in its sole discretion.

  • In order to determine financial strength and reputation of insurance carriers, all companies providing the coverages required shall be licensed or approved by the Insurance Bureau of the State in which the work is performed and shall have a financial rating not lower than XI and a policyholder's service rating no lower than B+ as listed in A.M. Best's Key Rating Guide, current edition.

  • All companies providing the coverage required shall be licensed or approved by the Insurance Bureau of the State of Michigan and shall have a policyholder’s service rating no lower than A:VII as listed in A.M. Best’s Key Rating guide, current edition or interim report.

  • The insurance policy must contain mortgage clauses approved by The Insurance Bureau of Canada.

  • All insurance policies must be issued by recognized, responsible insurers licensed or approved by the Insurance Bureau of the State of Michigan and shall have a financial rating no lower than A-VII as rated by AM BEST, or an equivalent rating by an acceptable recognized agency.

  • In order to determine financial strength and reputation of insurance carriers, all companies providing the coverage required shall be licensed or approved by the Insurance Bureau of the State of Michigan and shall have a financial rating no lower than XI and a policy holder's service rating no lower than (A) as listed in A.M. Best's Key Rating Guide, current edition or interim report.

Related to Insurance Bureau

  • Insurance Regulator means any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Applicable Insurance Regulatory Authority means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in (x) the state or other jurisdiction in which such Insurance Subsidiary is domiciled or (y) to the extent asserting regulatory jurisdiction over such Insurance Subsidiary, the insurance department, authority or agency in each state or other jurisdiction in which such Insurance Subsidiary is licensed, and shall include any Federal insurance regulatory department, authority or agency that may be created in the future and that asserts regulatory jurisdiction over such Insurance Subsidiary.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.