Material Regulated Insurance Company definition

Material Regulated Insurance Company means each Regulated Insurance Company which has a statutory surplus equal to or greater than $15,000,000.
Material Regulated Insurance Company means each subsidiary of the company that (i) is authorized or admitted to carry on or transact insurance business in any jurisdiction and is regulated by any Applicable Insurance Regulatory Authority and (ii) has a statutory surplus equal to or greater than $15 million. "Applicable Insurance Regulatory Authority" means, with respect to any Material Regulated Insurance Company, the insurance department or similar administrative authority or agency located in (X) each state in which such Material Regulated Insurance Company is domiciled or (Y) to the extent asserting regulatory jurisdiction over such Regulated Insurance Company, the insurance department, authority or agency in each state in which such Material Regulated Insurance Company is licensed.
Material Regulated Insurance Company means each Regulated Insurance Company which has a statutory surplus equal to or greater than $5,000,000; PROVIDED that (i) American Vanguard Life Insurance Company shall not be considered a Material Regulated Insurance Company unless and until it has a statutory surplus equal to or greater than $15,000,000, and (ii) CLA Assurance Company shall not be considered a Material Regulated Insurance Company unless and until it has a statutory surplus equal to or greater than $7,500,000.

Examples of Material Regulated Insurance Company in a sentence

  • The Borrower will not permit the Risk-Based Capital for any Material Regulated Insurance Company to be less than 400%.

  • The Company will not permit the Risk-Based Capital for any Material Regulated Insurance Company to be less than 350%.

  • For purposes of this Section 5.01(h), "Risk-Based Capital" and "Material Regulated Insurance Company" shall have the meanings ascribed to them by the Existing Credit Agreement.

  • Annex VII sets forth a true, correct and complete list, as of the Initial Borrowing Date, of each of the jurisdictions in which each Material Regulated Insurance Company is duly licensed and in good standing to write insurance, that each Material Regulated Insurance Company is authorized to write in such jurisdictions.

  • Annex VI sets forth a true, correct and complete list, as of the Effective Date, of each of the jurisdictions in which each Material Regulated Insurance Company is duly licensed and in good standing to write insurance, that each Material Regulated Insurance Company is authorized to write in such jurisdictions.

  • Annex VI sets forth a true, correct and complete list, as of the Restatement Effective Date, of each of the jurisdictions in which each Material Regulated Insurance Company is duly licensed and in good standing to write insurance, that each Material Regulated Insurance Company is authorized to write in such jurisdictions.

  • The Company will not permit the Risk-Based Capital for any Material Regulated Insurance Company (other than IL Annuity and Insurance Company) to be less than 350% nor shall it permit the Risk-Based Capital of IL Annuity and Insurance Company (so long as IL Annuity and Insurance Company is a Material Regulated Insurance Company) to be less than 300%.


More Definitions of Material Regulated Insurance Company

Material Regulated Insurance Company means each subsidiary of the company that (a) is

Related to Material Regulated Insurance Company

  • Regulated Insurance Company means any Subsidiary of the Borrower, whether now owned or hereafter acquired, that is authorized or admitted to carry on or transact Insurance Business in any jurisdiction and is regulated by any Applicable Insurance Regulatory Authority.

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

  • Insurance Regulatory Authority means, with respect to any Insurance Subsidiary, the insurance department or similar Governmental Authority charged with regulating insurance companies or insurance holding companies, in its jurisdiction of domicile and, to the extent that it has regulatory authority over such Insurance Subsidiary, in each other jurisdiction in which such Insurance Subsidiary conducts business or is licensed to conduct business.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Health care insurer means a disability insurer, group

  • Applicable Insurance Regulatory Authority means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in (x) the state or other jurisdiction in which such Insurance Subsidiary is domiciled or (y) to the extent asserting regulatory jurisdiction over such Insurance Subsidiary, the insurance department, authority or agency in each state or other jurisdiction in which such Insurance Subsidiary is licensed, and shall include any Federal insurance regulatory department, authority or agency that may be created in the future and that asserts regulatory jurisdiction over such Insurance Subsidiary.

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

  • 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.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Flood Insurance Regulations means (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) 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 (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Foreign Financial Regulatory Authority shall have the meaning given by Section 2(a)(50) of the 0000 Xxx.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Material Insurance Subsidiary means a Material Subsidiary that is also an Insurance Subsidiary.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Insurance Commissioner means the Insurance Commissioner

  • 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.

  • 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.

  • Blanket insurance policy means a group policy covering a defined class of

  • 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.

  • Health care organization ’ means any person or en-

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.