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Life Insurance Act definition

Life Insurance Act means the Life Insurance Act 1995 and Life Insurance Regulations;
Life Insurance Act means the Life Insurance Act 2000 (as amended from time to time) including the regulations and prudential standards made under this Act;
Life Insurance Act means the Life Insurance Act 2000.

Examples of Life Insurance Act in a sentence

  • This profit sharing is governed by the Life Insurance Act 1995 (Cth) and the life insurance companies’ constitutions.

  • The Australian life insurance operations of the Group consist of investment-linked business and non-investment-linked business, which are conducted in separate statutory funds as required under the Life Insurance Act 1995 (Cth).

  • The main restrictions are that the assets in a statutory fund can only be used to meet the liabilities and expenses of that fund, to acquire investments to further the business of the fund, or to make profit distributions when solvency and capital adequacy requirements of the Life Insurance Act 1995 (Cth) are met.

  • The assets and liabilities held in the statutory funds of the Australian life insurance business are subject to the restrictions of the Life Insurance Act 1995 (Cth) and the constitutions of the life insurance entities.

  • No depend- ency and indemnity compensation or death compensation shall be paid to any surviving spouse, child or parent based on the death of a commissioned Department of Veterans Affairs § 3.6 officer of the Public Health Service, the Coast and Geodetic Survey, the En- vironmental Science Services Adminis- tration, or the National Oceanic and Atmospheric Administration occuring on or after May 1, 1957, if any amounts are payable under the Federal Employ- ees’ Group Life Insurance Act of 1954 (Pub.

  • The main restrictions are that the assets in a statutory fund can only be used to meet the liabilities and expenses of that fund, to acquire investments to further the business of that fund, or to make profit distributions when solvency and capital adequacy requirements of the Life Insurance Act 1995 (Cth) are met.

  • The main restrictions are that the assets in a statutory fundcan only be used to meet the liabilities and expenses of that fund, to acquire investments to further the business of that fund, or to make profit distributions when solvency and capital adequacy requirements of the Life Insurance Act 1995 (Cth) are met.

  • All assets held in statutory funds are considered to back policy liabilities and are classified at fair value through profit or loss.Assets and liabilities held in the statutory funds of the Australian life insurance business are subject to the restrictions of the Life Insurance Act 1995 (Cth) and the constitutions of the life insurance entities.

  • The Policy may be cancelled by Us in accordance with the provisions of the Life Insurance Act 1995 (Cth) or any other relevant legislation.

  • All assets held in statutory funds are considered to back policy liabilities and are classified at fair value through profit or loss.Assets and liabilities held in the statutory funds of the Australian life insurance business are subject to the restrictions ofthe Life Insurance Act 1995 (Cth) and the constitutions of the life insurance entities.


More Definitions of Life Insurance Act

Life Insurance Act means Life Insurance Act 1995.
Life Insurance Act means the Life Insurance Act 1995 including amendments, regulations and any policies, determinations or requirements issued by the relevant regulator that we determine will apply to this Policy.
Life Insurance Act means the Life Insurance Act 1995 (Cth);

Related to Life Insurance Act

  • Insurance Act means the Insurance Act, 1938;

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Credit unemployment insurance means insurance:

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Flood Insurance Laws means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Insurance Laws means the Applicable Law relating to or regulating the business and products of insurance, including all applicable Orders and directives of Insurance Regulatory Authorities.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

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

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Insurance Commissioner means the Insurance Commissioner

  • Federal Reserve Act means the Federal Reserve Act, as amended.

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Insurance Authority means the Insurance Authority of Hong Kong established pursuant to section 4AAA of the Insurance Ordinance.

  • Credit accident and health insurance means insurance on a debtor to provide

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Insurance Regulator means, with respect to any jurisdiction, the Governmental Authority charged with the supervision of insurance companies in such jurisdiction.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Public Service Act ’ means the Public Service Act, 1994 (Proclamation No. 103 of 1994);