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

• The Parties will adopt and/or maintain procedures to ensure that each has in place arrangements for the identification and management of any conflicts of interest that may arise in relation to any Insurance Business.

• These provisions may include (but are not limited to) roles and responsibilities relating to administration of the Insurance Business and the handling of claims and processes by which amendments to the risk may be agreed, and so forth.

• Commission receivable by the Producer which shall be at the rates and times (if any) set out in a relevant Policy of Insurance or as otherwise agreed in respect of that Insurance Business.

• The terms of this Agreement supersede the terms of any other terms of business already in place between the Parties for such Insurance Business.

• The Producer will comply with relevant regulatory, fiduciary and legal requirements regarding disclosure of all forms of remuneration from any arrangements it may have for remuneration in connection with Insurance Business.

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 short-term insurance business of the Insurer;

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