Primary Insurance Subsidiaries definition

Primary Insurance Subsidiaries means PLIC and those other Primary Subsidiaries principally engaged in the business of insurance.
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Primary Insurance Subsidiaries means those Primary Subsidiaries principally engaged in the business of insurance.
Sample 1Sample 2Sample 3
Primary Insurance Subsidiaries means PLIC (from and after the Demutualization Conditions Effective Date) and those other Primary Subsidiaries principally engaged in the business of insurance.
Sample 1

Examples of Primary Insurance Subsidiaries in a sentence

  • The Guarantor shall not permit the portion of the Invested Assets of the Guarantor and its Primary Insurance Subsidiaries consisting of notes, bonds and other obligations classified as bonds which bear NAIC Ratings from five to six to exceed 13% of Total SAP Adjusted Capital.

  • The Guarantor shall not permit the book value of the investment of the Guarantor and its Primary Insurance Subsidiaries in non-performing real estate under SAP, prior to any reserves or write-offs with respect thereto, to exceed 30% of Total SAP Adjusted Capital.

  • The Guarantor will not at any time permit the portion of the invested assets of the Guarantor and the Primary Insurance Subsidiaries consisting of notes, bonds and other obligations of a character classified as "Bonds" on a consolidated balance sheet of the Guarantor and the Primary Insurance Subsidiaries prepared in accordance with AAP which bear NAIC Ratings of from 5 to 6 both inclusive to exceed 13% of Capital.

  • The Guarantor shall not permit Invested Assets of the Guarantor and its Primary Insurance Subsidiaries consisting of notes, bonds and other obligations classified as bonds which bear NAIC Ratings from three to six, both inclusive, to exceed 5.5% of Net Invested Assets.

  • The Guarantor shall not permit the portion of the Invested Assets of the Guarantor and its Primary Insurance Subsidiaries in real estate, real estate acquired in satisfaction of indebtedness (exclusive of such investments of either category occupied by the Guarantor or its Primary Insurance Subsidiaries for use in their business) plus mortgage loans on real estate to exceed 32% of Net Invested Assets.

  • The Guarantor will not at any time permit the portion of the invested assets of the Guarantor and the Primary Insurance Subsidiaries consisting of notes, bonds and other obligations of a character classified as "Bonds" on a consolidated balance sheet of the Guarantor and the Primary Insurance Subsidiaries prepared in accordance with AAP which bear NAIC Ratings of from 3 to 6 both inclusive to exceed 5.5% of Net Invested Assets.

  • The Guarantor will not at any time permit the book value of the investment of the Guarantor and the Primary Insurance Subsidiaries in Non-Performing Real Estate to exceed 80% of Adjusted Capital.

  • The Guarantor will not at any time permit the sum of the investment of the Guarantor and the Primary Insurance Subsidiaries in real estate, real estate acquired in satisfaction of indebtedness (exclusive, however, of any investments in real estate otherwise included in the foregoing categories which consist of real estate occupied by the Guarantor or the Primary Insurance Subsidiaries for use in their business) plus mortgage loans on real estate to exceed 32% of Net Invested Assets.

  • The Guarantor shall not permit Invested Assets of the Guarantor and its Primary Insurance Subsidiaries consisting of notes, bonds and other obligations classified as bonds which bear NAIC Ratings from three to six, both inclusive, to exceed 7.0% of Net Invested Assets.

Related to Primary Insurance Subsidiaries

  • Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.

  • Insurance Subsidiary means any Subsidiary that is licensed by any Applicable Insurance Regulatory Authority to conduct, and conducts, an Insurance Business.

  • Captive Insurance Subsidiary means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

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

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

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

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

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

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

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Finance Subsidiary means, with respect to any Person, any Subsidiary of such Person which is primarily engaged in leasing or financing activities including (a) lease and purchase financing provided by such Subsidiary to dealers and consumers, (b) leasing or financing of installment receivables or otherwise providing banking, financial or insurance services to the Company and/or its affiliates or others or (c) financing the Company’s and/or its affiliates’ operations.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

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

  • Consolidated Restricted Subsidiaries means any Restricted Subsidiaries that are Consolidated Subsidiaries.

  • Consolidated Companies means, collectively, Borrower and all of its Subsidiaries.

  • Sponsored captive insurance company means a captive insurance company:

  • 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.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Insurance group means the persons that comprise an insurance holding company system.

  • Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.

  • Joint Ventures means the joint venture or partnership or other similar arrangements (other than between the Company and the Operating Partnership) in which the Company or the Operating Partnership or any of their subsidiaries is a co-venturer, limited liability company member, limited partner or general partner, which are established to acquire or hold Investments.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Franchise insurance means an individual insurance policy provided through a