Insurance Company Subsidiaries definition

Insurance Company Subsidiaries means those Subsidiaries of Seller set forth on Schedule 1.01(l) hereto.
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Insurance Company Subsidiaries means each insurance company affiliated with the Debtors or any of the Surviving Debtor Entities which is not the subject of any rehabilitation or liquidation order of any court of competent jurisdiction.
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Insurance Company Subsidiaries has the meaning set forth in Section 4.06(c).
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Examples of Insurance Company Subsidiaries in a sentence

  • As of the date hereof, and except for any downgrading which may occur solely as a result of the Merger or the Related Party Transactions, there has not occurred any downgrading, nor has the Company become aware of any pending or overtly threatened downgrading, of either of the Insurance Company's or any of the Insurance Company Subsidiaries' rating by A.M. Best.

  • Consumers has also delivered to LaSalle the quarterly statements of condition of each of the Insurance Company Subsidiaries filed, where required, with the state insurance department of its domiciliary state, as of March 31, 1996 and June 30, 1996 including statutory financial statements covering the three months ended March 31, 1996 and the six months ended June 30, 1996.

  • Since December 31, 1994, except for Consumers Re which files a separate return, the Insurance Company Subsidiaries file a consolidated federal income tax return.

  • Notwithstanding anything to the contrary set forth in this Section, neither the Borrower nor any of its Subsidiaries may acquire any additional equity interests in and to the Second Tier Insurance Company Subsidiaries without the prior written consent of the Majority Lenders.

  • Subject to any and all consents, conditions, or requirements of the State Departments of Insurance, the Liquidating Trustee and Trust Advisory Board may authorize and direct the merger, consolidation, dissolution of or other restructuring transaction with respect to any of the Insurance Company Subsidiaries to the extent deemed necessary and appropriate by the Liquidating Trustee and Trust Advisory Board.

  • Neither the Insurance Companies nor any of the Insurance Company Subsidiaries has been required to include in income any adjustment pursuant to Section 481 of the Code by reason of a voluntary change in accounting method initiated by the Insurance Companies or any of the Insurance Company Subsidiaries, and the IRS has not initiated or proposed any such adjustment or change in accounting method, in either case which adjustment or change would have a Material Adverse Effect.

  • The reserves for policy liabilities of each of the Insurance Company Subsidiaries as set forth on its June 30, 1996 statutory balance sheet have been computed in a manner which is consistent with the methods and principles described above.

  • There are no Tax liens upon any property or assets of the Insurance Companies or any of the Insurance Company Subsidiaries except liens for current Taxes not yet due.

  • Through the Liquidating Trust's position as direct or indirect equity owner of each of the Insurance Company Subsidiaries, the Liquidating Trustee shall cause the Insurance Company Subsidiaries to act consistently with the purposes and provisions of the Liquidating Trust and the Liquidating Trust Agreement and, in addition, any and all supervisory orders, protective orders or other requirements of the State Departments of Insurance.

  • Pursuant to Section 5.14 of the Credit Agreement, each direct or indirect domestic Subsidiary (other than Immaterial Subsidiaries, Excluded Subsidiaries or Restricted Captive Insurance Company Subsidiaries) of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter into this Agreement as a Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Pledged Collateral hereunder.


More Definitions of Insurance Company Subsidiaries

Insurance Company Subsidiaries means, collectively: (a) Direct National Insurance Company, an Arkansas insurance company, (b) Direct General Insurance Company, an Indiana insurance company, (c) Direct General Insurance Company of Louisiana, a Louisiana insurance company, (d) Direct General Insurance Company of Mississippi, a Mississippi insurance company, (e) Direct General Life Insurance Company, a South Carolina insurance company and (f) Direct Insurance Company, a Tennessee insurance company.
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Insurance Company Subsidiaries means Houston Casualty Company, a Texas corporation, Avemco Insurance Company, a Maryland corporation, U.S. Specialty Insurance Company, a Texas corporation, and, effective upon acquisition of Centris by Borrower, HCC Life Insurance Company (successor to Centris Life Insurance Company), an Indiana corporation, Centris Insurance Company, an Indiana corporation, and USF Insurance Company, a Pennsylvania corporation.
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Insurance Company Subsidiaries means Progressive and Pioneer. "Loss" means any and all losses, liabilities, deficiencies, costs, damages, obligations, judgments, suits, claims, disbursements and expenses (including, without limitation, interest, penalties, reasonable attorneys' fees, charges and disbursements). "Material Adverse Effect" means a material adverse effect on the business, operations, assets or financial condition of a Person taken as a whole. "Person" means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof. "Plan Affiliate" means any Person with whom Universal or a Subsidiary constitutes all or part of a controlled group (as defined) in the Internal Revenue Code of 1986, as amended. "Proprietary Rights" means all patents, patent applications, patent disclosures and inventions (whether or not patentable and whether or not reduced to practice); all trademarks, service marks, trade names and corporate names; all registered and unregistered statutory and common law copyrights; all registrations, applications and renewals for any of the foregoing; all trade secrets, confidential information, ideas, formulae, compositions, know-how, manufacturing and production processes and techniques, research and development information, drawings, specifications, designs, plans, improvements, proposals, technical and computer data, documentation and software, financial, business and marketing plans, and franchisee, customer and supplier lists and related information and all other proprietary rights. "Regulators" shall mean the Superintendent of Insurance of the State of New York (the "New York Superintendent"), the Insurance Commissioner of the State of Florida, the Insurance Commissioner of the State of Indiana, and any
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Insurance Company Subsidiaries means American Progressive Life and Health Insurance Company of New York, American Pioneer Life Insurance Company, AmeriFirst Insurance Company and any other insurance company that comes under the control of Universal according to the provisions of the applicable insurance code. "Series C Holders" shall have the meaning given such term in the introduction hereto and shall include any transferee of Subject Shares. "Stock Purchase Agreement" shall mean the agreement, so titled, between Universal and AAM dated January 9, 1997. "Subject Shares" shall mean (i) all of the shares of Series C Preferred Stock issued by Universal pursuant to the Stock Purchase Agreement, (ii) any Common Stock, par value $.01 per share, of Universal ("Common Stock") issued upon conversion thereof, and (iii) any additional securities of Universal issued in respect thereto. "Subsidiary" means any corporation of which the shares of stock having a majority of the general voting power in electing the board of directors are, at the time as of which any determination is being made, owned by Universal either directly or indirectly through Subsidiaries.
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Insurance Company Subsidiaries means Houston Casualty Company, a Texas corporation, Avemco Insurance Company, a Maryland corporation, and U.S. Specialty Insurance Company, a Texas corporation.
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Related to Insurance Company Subsidiaries

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.

  • Parent Subsidiaries means the Subsidiaries of Parent.

  • Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.

  • Company Subsidiary means any Subsidiary of the Company.

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.

  • Target Companies means the Target and its Subsidiaries.

  • Transferred Subsidiaries shall have the meaning set forth in the Recitals.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Acquired Entities means the Company and the Acquired Subsidiaries.

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

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

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.

  • Insurance group means the persons that comprise an insurance holding company system.

  • Parent Subsidiary means any Subsidiary of Parent.

  • Group Companies means the Company and its Subsidiaries.

  • Target Company means each of the Company and its direct and indirect Subsidiaries.

  • PRC Subsidiaries means all Company Subsidiaries organized under the Laws of the PRC.

  • Retained Subsidiaries means all Subsidiaries of Sellers and their respective direct and indirect Subsidiaries, as of the Closing Date, other than the Purchased Subsidiaries.

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • Transferred Entities means the entities set forth on Schedule 1.9.

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of Spinco immediately following the Contribution.