Insurance License definition

Insurance License means any license, certificate of authority, permit or other authorization which is required to be obtained from any Governmental Authority in connection with the operation, ownership or transaction of insurance or reinsurance business.

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Insurance License means a License granted by a Governmental Entity to transact an insurance or reinsurance business.

Insurance License has the meaning given to such term in Clause 20.15 (Insurance Licenses).

Examples of Insurance License in a sentence

• There is (i) no Insurance License that is the subject of a proceeding for suspension, revocation or limitation or any similar proceedings, (ii) no sustainable basis for such a suspension, revocation or limitation, and (iii) no such suspension, revocation or limitation threatened by any Applicable Insurance Regulatory Authority, that, in each instance under (i), (ii) and (iii) above, has had, or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

• There is (i) no Insurance License that is the subject of a proceeding for suspension, revocation or limitation or any similar proceedings, (ii) no sustainable basis for such a suspension, revocation or limitation, and (iii) no such suspension, revocation or limitation threatened by any Applicable Insurance Regulatory Authority, that, in each instance under (i), (ii) and (iii) above and either individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect.

• No Insurance Subsidiary transacts any Insurance Business, directly or indirectly, in any jurisdiction where such business requires any Insurance License that is not validly maintained by such Insurance Subsidiary, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

• There is (i) no such Insurance License that is the subject of a proceeding for suspension, revocation or limitation or any similar proceedings, (ii) no sustainable basis for such a suspension, revocation or limitation, and (iii) no such suspension, revocation or limitation threatened by any Applicable Insurance Regulatory Authority, that, in each instance under (i), (ii) and (iii) above, has had, or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

• Each Insurance Subsidiary has all Insurance Licenses necessary to conduct its business except to the extent the failure to have such Insurance License would not have a Material Adverse Effect.

More Definitions of Insurance License

Insurance License has the meaning set forth in Section 5.15(b).

Insurance License means any License granted by a Governmental Entity to transact an insurance or reinsurance business.

Insurance License means any License granted by a Governmental Entity to transact an insurance or reinsurance business, issue fixed or variable annuity Contracts or products, or issue life Insurance Contracts or property and casualty Insurance Contracts.

Insurance License means the Borrower's authorization to act as a Class 4 general business insurer and as a Class C long-term insurer pursuant to the Insurance Act.

Insurance License has the meaning set forth in Section 2.24(c).

Insurance License means the license issued under the provisions of the Applicable Law to the Insurance Advisor, entitling him to solicit life insurance business, and includes a license as renewed from time to time.

Insurance License has the meaning set forth in Section 3.14 hereof.