Qualified Insurance definition

Qualified Insurance means any municipal bond insurance policy or surety

Qualified Insurance means any unconditional municipal bond insurance policy or surety bond issued by any insurance company licensed to conduct an insurance business in any state of the United States or by a service corporation acting on behalf of one or more such insurance companies, which insurance company or service corporation, as of the time of issuance of such policy or surety bond, is then rated in one of the two highest rating categories by Moody’s, S&P, and any other rating agency then maintaining a rating on the Parity Bonds and maintains a policy owner’s surplus in excess of $500,000,000.

Qualified Insurance means any unconditional municipal bond insurance policy

Examples of Qualified Insurance in a sentence

• Such draw shall be made at such times and under such conditions as the agreement for such Qualified Letter of Credit or such Qualified Insurance shall provide.

• Such Qualified Letter of Credit or Qualified Insurance shall not be cancellable on less than one year’s notice.

• Such deposit will be made in the form of a surety bond, as Qualified Insurance, or in the form of cash or other securities, as necessary.

• Such Qualified Letter of Credit or Qualified Insurance shall not be cancelable on less than five years notice.

• Together with existing reserve account balances in the Intermediate Lien Reserve Account, the Series 2022Reserve Account Deposit shall be at least sufficient to meet the Intermediate Lien Reserve Requirement.The Designated Port Representative may decide to utilize one or more Surety Bonds to satisfy the Series 2022 Reserve Account Deposit; provided that each Surety Bond meets the qualifications for Qualified Insurance.

More Definitions of Qualified Insurance

Qualified Insurance means any noncancelable municipal Bond Insurance policy or surety bond issued by any insurance company licensed to conduct an insurance business in any state of the United States (or by a service corporation acting on behalf of one or more such insurance companies)

Qualified Insurance means any municipal bond insurance policy or surety bond issued by any insurance company licensed to conduct an insurance business in any state of the United States (or by a service corporation acting on behalf of one or more such insurance companies), which insurance company or companies, as of the time of issuance of such policy or surety bond, are rated in one of the two highest rating categories by two nationally recognized rating agencies.

Qualified Insurance means an insurance policy, insurance plan, certificate of insurance or rider that the superintendent has certified as qualified long- term care partnership program insurance pursuant to Section 4 [59A-23A-12 NMSA 1978] of this 2013 act; and

Qualified Insurance means any non-cancellable municipal bond insurance

Qualified Insurance means an insurance

Qualified Insurance means any municipal bond insurance policy or surety bond issued by

Qualified Insurance means (i) so long as any 2001 Bonds, 2002A Bonds, 2002B Bonds, 2003A Bonds, 2004A Bonds, 2004B Bonds, 2006 Bonds, 2006 (2nd) Bonds, 2007 Bonds, 2008 Bonds, or 2009 Bonds remain outstanding, any unconditional municipal bond insurance policy or surety bond issued by any insurance company licensed to conduct an insurance business in any state of the United States or by a service corporation acting on behalf of one or more such insurance companies, which insurance company or service corporation is rated in one of the two highest rating categories by Moody’s, S&P, and any other rating agency then maintaining a rating on the Parity Bonds, provided, that, as of the time of issuance of such policy or surety bond, such insurance company or companies maintain a policy owner’s surplus in excess of $500,000,000; and (ii) from and after such time as no 2001 Bonds, 2002A Bonds, 2002B Bonds, 2003A Bonds, 2004A Bonds, 2004B Bonds, 2006 Bonds, 2006 (2nd) Bonds, 2007 Bonds, 2008 Bonds, or 2009 Bonds remain outstanding, any unconditional municipal bond insurance policy or surety bond issued by any insurance company licensed to conduct an insurance business in any state of the United States or by a service corporation acting on behalf of one or more such insurance companies, which insurance company or service corporation, as of the time of issuance of such policy or surety bond, is then rated in one of the two highest rating categories by Moody’s, S&P, and any other rating agency then maintaining a rating on the Parity Bonds and maintains a policy owner’s surplus in excess of $500,000,000.