Insurance Trustee definition

Insurance Trustee means an entity authorized to carry on the business of a trust company under the laws of Alberta selected from time to time on resolution of the Board, whose duties include the receiving, holding and disbursing of proceeds of policies of insurance pursuant to these Bylaws and the Act. If no Insurance Trustee is appointed, then the Insurance Trustee shall be the Board;

Insurance Trustee means The Bank of New York, New York, New York, or any successor thereto, as the Insurance Trustee under the Policy.

Insurance Trustee has the meaning given to it in Section 12.9;

Examples of Insurance Trustee in a sentence

• The Policy is on file and available for inspection at the principal office of the Insurance Trustee and a copy thereof may be secured from Ambac Assurance or the Insurance Trustee.

• An Insurance Trustee may rely upon a certificate of the Association made by its president and secretary to determine whether or not the damaged property is to be reconstructed or repaired.

• All expenses of any Insurance Trustee appointed by the Board of Directors shall be paid first or provision made for such payment.

• The Insurance Trustee shall not be liable for payment of premiums nor for the renewal or sufficiency of policies nor for the failure to collect any insurance proceeds.

• In determining the amount of any premium due under any Policy with respect to any Participant, the Employer and the Insurance Trustee may rely conclusively upon information furnished by the provider of the Policy.

More Definitions of Insurance Trustee

Insurance Trustee means that certain entity responsible for the management and disbursement of insurance proceeds pursuant to the Insurance Trust Agreement, if any.

Insurance Trustee means a person, firm or corporation selected from time to time on resolution of the Board, whose duties include the receiving, holding and disbursing of proceeds of policies of insurance pursuant to these Bylaws and the Act. If no Insurance Trustee is appointed, then the Board is the Insurance Trustee;

Insurance Trustee means United States Trust Company of New York, or any successor thereto, as the Insurance Trustee under the Policy.

Insurance Trustee has the meaning set forth in the preamble to this Agreement.

Insurance Trustee has the meaning specified in the Insurance Policy. The Insurance Policy specifies that the United States Trust Company of New York is initially the Insurance Trustee.

Insurance Trustee means the Trustee or, if the Trustee so elects, any bank, trust company or insurance company with a net worth in excess of $100,000,000, designated by the Trustee.

Insurance Trustee means the trustee to be appointed under the Insurance Trust Agreement.