Insurer Group definition

Insurer Group means Lonpac Insurance Bhd and any legal entity from time to time: (a) in which Lonpac Insurance Bhd (or one or more of its holding or subsidiary companies, or subsequent holding or subsidiary companies of such entity) owns at least fifty percent (50%) or more of the voting shares; or (b) over which Lonpac Insurance Bhd (or one of its holding or subsidiary companies, or a subsequent holding or subsidiary company of such entity) either directly or indirectly exercises management control, even though it may own less than fifty percent (50%) of the shares and is prevented by law from owning a greater shareholding; or (c) the legal entities otherwise notified by Lonpac Insurance Bhd from time to time.

Insurer Group means two or more affiliated insurers that are under common ownership and/or management.

Insurer Group means any insurance company whose primary activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies or any other entity controlling, controlled by or under common ownership, management or control with such insurer or reinsurer.

Examples of Insurer Group in a sentence

• In this context, personal data concerning him (or concerning persons or parties who are interested in the policy) may be processed by any authorised persons working within the entities of the Insurer Group in the context of the fight against fraud.

• In this context, personal data concerning him (or concerning persons or parties who are interested in the contract may be processed by any authorized persons working within the entities of the Insurer Group in the context of the fight against fraud.

• For purposes of the coverage option election in Section 215.555(4)(b), Florida Statutes, Insurer Group means the group designation assigned by the National Association of Insurance Commissioners (NAIC) for purposes of filing consolidated financial statements.

• For purposes of the Coverage Level election in Section 215.555(4)(b), Florida Statutes, Insurer Group means the group designation assigned by the National Association of Insurance Commissioners (NAIC) for regulatory purposes.

• For purposes of the Coverage Level election in Section 215.555(4)(b), Florida Statutes, Insurer Group means the group designation assigned by the NAIC for regulatory purposes.

• Gritchen - Tolède et Associés CS70139 - 18021 BOURGES CEDEX 00 xxx Xxxxxxx XXxxxxxxxxxx context, personal data concerning him (or www.gritchen.frconcerning persons or parties who are interested in the policy) may be processed by any authorised persons working within the entities of the Insurer Group in the context of the fight against fraud.

• Provided a 95% or greater Persistency Ratio in qualified medical contracts written by Broker/Agent for Insurer Group Medical Business to be eligible for Medical or Dental Persistency.

• Insurer Group For purposes of the Coverage Level election in Section 215.555(4)(b), Florida Statutes, Insurer Group means the group designation assigned by the NAIC for regulatory purposes.

• Insurer Group For purposes of the Coverage Level election in Section 215.555(4)(b), Florida Statutes, Insurer Group means the group designation assigned by the National Association of Insurance Commissioners (NAIC) for regulatory purposes.

• For purposes of the coverage option Coverage Level election in Section 215.555(4)(b), Florida Statutes, Insurer Group means the group designation assigned by the National Association of Insurance Commissioners (NAIC) for regulatory purposes of filing consolidated financial statements.

More Definitions of Insurer Group

Insurer Group means a group of insurers that are:

Insurer Group means several insurers under common ownership.

Insurer Group means the group designation assigned by the National Association of Insurance Commissioners (NAIC) for purposes of filing consolidated financial statements. An insurer is a member of a group as designated by the NAIC until such insurer is assigned another group designation or is no longer a member of a group recognized by the NAIC. (18) Joint Underwriting Association (JUA) This term means any entity created under Section 627.351, Florida Statutes, and which engages in the writing of Covered Policies. (19) Loss Occurrence This term means the sum of individual insured losses incurred under Covered Policies resulting from the same Covered Event. "Losses" means direct incurred losses under Covered Policies, excluding losses attributable to additional living expense and business interruption coverages and excluding Loss Adjustment Expenses. (20) Loss Adjustment Expense Reimbursement (a) Loss Adjustment Expense Reimbursement shall be 5% of the reimbursed losses under this Contract as provided in Article IV, pursuant to subsection (4)(b)1. of Section 215.555, Florida Statutes. (b) To the extent that loss reimbursements are limited to the payout multiple applied to each Company, the 5% Loss Adjustment Expense is included in the total payout multiple applied to each Company. The Loss Adjustment Expense Reimbursement will not be paid in addition to payments for other loss reimbursements. (21) Payout Multiple This term means the multiple derived by dividing the claims-paying capacity of the FHCF by the total industry Reimbursement Premium for the FHCF for the Contract Year billed as of 12/31 of the Contract Year. The multiple is finally determined once reimbursement premiums have been billed as of 12/31 and the amount of bond proceeds has been determined. (22) Premium This term means the same as Reimbursement Premium, which is the premium determined by multiplying each $1,000 of insured value reported by the Company in accordance with Section 215.555(5)(b), Florida Statutes, by the rate as derived from the Premium Formula. (23) Projected Payout Multiple The Projected Payout Multiple is used to calculate an insurer's projected payout pursuant to Section 215.555(4)(d)2.b.,