Premium finance company definition

Premium finance company means a person engaged or purportedly engaged in the business of advancing money, directly or indirectly, to an insurer or agent at the request of an insured pursuant to the terms of a premium finance agreement, including, but not limited to, loan contracts, notes, agreements, or obligations, wherein the insured has assigned the unearned premiums, accrued dividends, or loan payments as security for such advancement in payment of premiums on insurance policies only, and does not include the financing of insurance premiums purchased in connection with the financing of goods and services; and
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Premium finance company means a person engaged in the business of entering into premium finance agreements with in- sureds or of acquiring such premium finance agreements from insurance producers or other premium finance companies. [1969 c.639
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Premium finance company means any person engaged in the business of financing insurance premiums, of entering into premium finance agreements with insureds, or of acquiring premium finance agreements.
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Examples of Premium finance company in a sentence

  • No change.3. Premium finance company Finance Company contracts associated with life and health contracts.References in this subsection herein to “policy” or “contract of insurance” includes all life or health agreements regulated under the Florida Insurance Code.

  • The second questionnaire contains almost all constructs that show the employee satisfaction, perceptions and attitudes towards the organization‟s motivation factors, organization system and technology.


More Definitions of Premium finance company

Premium finance company means a person engaged or purporting to engage in the business of advancing money, directly or indirectly, to an insurer or producer at the request of an insured pursuant to the terms of a premium finance agreement, including but not limited to loan contracts, notes, agreements or obligations, wherein the insured has assigned the unearned premiums, accrued dividends, or loss payments
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Premium finance company means any person engaged in the business of financing insurance premiums, of entering into premium finance agreements with insureds, or of acquiring premium finance agreements. (Source: P.A. 90-655, eff. 7-30-98.)
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Premium finance company means a premium finance agency or premium finance company (i) license pursuant tot his state’s premium finance company or agency licensing requirements; (ii) exempt from this state’s licensing requirements; or (iii) otherwise not required to be license pursuant to this state’s licensing requirements.
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Premium finance company means a person engaged in the business of entering into premium finance agreements with in-
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Premium finance company means a person engaged or purporting to engage in the business of advancing money, directly or indirectly, to an insurer or producer at the request of an insured under the terms of a premium finance agreement, including but not limited to,
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Premium finance company means a person engaged in the business of entering into premium finance agreements or acquiring premium finance agreements from other premium finance companies.
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Related to Premium finance company

  • Sales finance company means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.

  • 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.

  • Corporate Finance Fee means the fee to be paid to the Agent by the Issuer in consideration of corporate finance and structuring services provided by the Agent;

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

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Bank Holding Company means a company registered as such with the Board of Governors of the Federal Reserve System pursuant to 12 U.S.C. §1842 and the regulations of the Board of Governors of the Federal Reserve System thereunder.

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Finance means the Division of Finance.

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

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

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • LLC means Limited Liability Company.

  • Credit life insurance means insurance on the life of a debtor in connection with