insurance business definition

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

insurance business means the undertaking or assumption of liability as an insurer under a contract of insurance:

insurance business means the business of effecting and carrying out contracts—

Examples of insurance business in a sentence

• No Borrower will engage, directly or indirectly through its respective Subsidiaries, to any material extent in any business other than (i) the ownership or operation of the Insurance Business, (ii) any business engaged in by a Borrower or its Subsidiaries on or before the Effective Date or (iii) any business reasonably related, ancillary, complementary or incidental thereto or which is financial in nature.

• The Intermediary will comply with their respective legal, licensing and regulatory requirements (namely the Financial Conduct Authority and other relevant legislation) applicable to the production of documentation and to the placing, claims handling and premium and claims accounting of any Insurance Business which the intermediary places with Thomond.

More Definitions of insurance business

insurance business means the business of undertaking liability under a contract of insurance to indemnify or compensate a person in respect of loss or damage, including the liability to pay damages or compensation contingent upon the happening of a specified event, and includes life insurance business and reinsurance business.

insurance business. Any insurances or reinsurances falling within the definition of “contract of insurance” in Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

insurance business means the business of, or in relation to the issue of, or the undertaking of liability under, life policies, or to make good or indemnify the insured against any loss or damage, including liability to pay damages or compensation contingent upon the happening of a specified event;

insurance business means business of any of the classes of business specified in the Schedule;

insurance business means the business of an insurer in effecting, issuing and carrying out insurance;

insurance business means the short-term insurance business of the Insurer;

insurance business. ’ means life insurance business or non-life insurance business conducted or regarded as being conducted in the Republic, and includes reinsurance business;