Insurance Subsidiary definition

Insurance Subsidiary means any Subsidiary that is licensed by any Applicable Insurance Regulatory Authority to conduct, and conducts, an Insurance Business.

Insurance Subsidiary means any Subsidiary which is subject to the regulation of, and is required to file statutory financial statements with, any governmental body, agency or official in any State or territory of the United States or the District of Columbia which regulates insurance companies or the doing of an insurance business therein.

Insurance Subsidiary means a Subsidiary of the Borrower which is engaged primarily in any insurance or reinsurance business.

Examples of Insurance Subsidiary in a sentence

• Schedule 2.6(b)(i) sets forth a list, as of the date hereof, of the jurisdictions in which Badger and each Insurance Subsidiary, if any, are licensed to write insurance and the types of insurance and other products that it is licensed to write in each such jurisdiction.

• Schedule 2.10 shall also include a separate listing of all Legal Proceedings and settlements against or affecting Badger or any Badger subsidiary, as applicable, is the plaintiff or claimant) or their respective properties, assets or businesses, since January 1, 2019 other than claims under the terms of the Insurance Contracts of Badger and each Insurance Subsidiary, if any.

• Each such financial statement was prepared in accordance with SAP consistently applied and presents fairly the financial position of Badger or the Insurance Subsidiary, as applicable, as of the date thereof and the results of operations of Badger or the Insurance Subsidiary, as applicable, for the respective periods covered thereby.

• To the extent credit for reinsurance has been taken by Badger or an Insurance Subsidiary in any Badger Financial Statement pursuant to Applicable Law, Badger or such Insurance Subsidiary was entitled to take such credit for reinsurance in such Badger Financial Statement pursuant to Applicable Law.

• Since January 1, 2021, neither Badger nor any Insurance Subsidiary has suffered a decrease in its Risk-Based Capital to a “Company action level event” (as defined in Wis.

More Definitions of Insurance Subsidiary

Insurance Subsidiary means a Subsidiary the ability of which to pay dividends is regulated by an Insurance Regulatory Authority or that is otherwise required thereby to be regulated with the Applicable Law of its jurisdiction of domicile.

Insurance Subsidiary a Subsidiary established for the purpose of (a) insuring the businesses, facilities, employees or joint ventures of the Borrower or any of its Subsidiaries, or (b) providing insurance products.

Insurance Subsidiary any Subsidiary of the Company that is now or hereafter doing business (or required to qualify or to be licensed) under Insurance Regulations.

Insurance Subsidiary means any Subsidiary of the Borrower that is authorized or admitted by a Supervisory Authority to carry on or transact one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

Insurance Subsidiary shall have the meaning assigned to such term in Section 6.04(y).

Insurance Subsidiary means each Subsidiary of the Borrower identified as an Insurance Subsidiary (including Subsidiaries of such Subsidiary) on Schedule 5.14 and each other Subsidiary (including Subsidiaries of such Subsidiary) from time to time in the insurance business as certified by the Borrower in writing to the Administrative Agent.

Insurance Subsidiary means any Subsidiary of the Borrower which is licensed by any Governmental Authority to engage in the insurance business by issuing Primary Policies or entering into Reinsurance Agreements.