Insurance Business Transfer Plan definition

Insurance Business Transfer Plan or "Plan" means the plan submitted to the Department to accomplish the transfer and novation pursuant to an Insurance Business Transfer, including any associated transfer of assets and rights from or on behalf of the transferring insurer to the assuming insurer.
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Insurance Business Transfer Plan or "Plan" means the plan
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Insurance Business Transfer Plan means the Plan submitted to the Department to accomplish the transfer of liabilities and assets pursuant to an Insurance Business Transfer.
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Examples of Insurance Business Transfer Plan in a sentence

  • Within thirty (30) days after notice from the Commissioner that the applicant may proceed with the court filing, the applicant shall apply to the court for approval of the Insurance Business Transfer Plan.

  • Application to the court for approval of the Insurance Business Transfer Plan.

  • At any time before the court issues an order approving the Insurance Business Transfer Plan, the applicant may withdraw the Insurance Business Transfer Plan without prejudice.

  • The application shall be in the form of a verified petition for implementation of the Insurance Business Transfer Plan in the court.

  • After the comment period pursuant to paragraph 6 of subsection B of this section has ended the Insurance Business Transfer Plan shall be presented by the applicant for approval by the court.

  • The petition shall include the Insurance Business Transfer Plan and shall identify any documents and witnesses which the applicant intends to present at a hearing regarding the petition.

  • An Insurance Business Transfer Plan must be filed by the applicant with the Insurance Commissioner for his or her review and approval.

  • At the time of filing its application with the Insurance Commissioner for review and approval of an Insurance Business Transfer Plan, the applicant shall pay a nonrefundable fee to the Insurance Department.

  • If the court finds that the implementation of the Insurance Business Transfer Plan would not materially adversely affect the interests of policyholders or claimants that are part of the subject business, the court shall enter a judgment and implementation order.

  • Item No. 1 - Remove, recycle, and dispose of existing play apparatus.


More Definitions of Insurance Business Transfer Plan

Insurance Business Transfer Plan or “plan” means a plan that sets forth all provisions and includes all documentation regarding an insurance business transfer required under this chapter.
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Insurance Business Transfer Plan means the plan submitted
Sample 1Sample 2Sample 3
Insurance Business Transfer Plan or “plan” means a plan that sets
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Insurance Business Transfer Plan or "Plan" means the plan submitted to the Department to accomplish the transfer and novation pursuant to an Insurance Business Transfer, including any associated
Sample 1
Insurance Business Transfer Plan or 'plan' means the plan submitted to the department
Sample 1
Insurance Business Transfer Plan means the plan submitted to the Department to accomplish the transfer and novation pursuant to an insurance business transfer, including any associated transfer of assets and rights from or on behalf of the transferring insurer to the assuming insurer. An "insurance business transfer plan" is limited to the types of insurance described in clause (c) of Class 1, clauses (b) through (l) of Class 2, or Class 3 of Section 4.
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Related to Insurance Business Transfer Plan

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

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Medical flexible spending arrangement means a benefit plan

  • 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.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Seller Benefit Plan means each Employee Benefit Plan that is sponsored, maintained or contributed to or required to be contributed to by Seller or any of its Affiliates, or with respect to which Seller or any of its Affiliates may have any Liability, and in which one or more Business Employees participates.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Employee Plans has the meaning set forth in Section 3.14(b).