QUALIFIED INSURANCE COMPANIES definition

QUALIFIED INSURANCE COMPANIES means any two or more insurers constituting a Qualified Insurance Company.
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QUALIFIED INSURANCE COMPANIES shall have the meaning ascribed to it in the Loan Agreement.
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QUALIFIED INSURANCE COMPANIES has the meaning ascribed to it in the Mortgage.
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More Definitions of QUALIFIED INSURANCE COMPANIES

QUALIFIED INSURANCE COMPANIES has the meaning ascribed to it in SECTION 1.7.2 of the form of Mortgage attached hereto as EXHIBIT B hereof.
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QUALIFIED INSURANCE COMPANIES means an insurer satisfying the following requirements: All primary insurers providing insurance coverage required in Section 1.7.1 of the Mortgages must be authorized to issue insurance in the states in which the insured Mortgaged Property is located. The insurance described in clause (i) of Section 1.7.1 of the Mortgages and the insurance coverage described in clause (iii) and (v) of Section 1.7.1 of the Mortgages, will be maintained with one or more primary insurers having a claims-paying ability (published or unpublished) rated by Standard and Poor's Ratings Services of not less than "AA". If permitted by the laws of the state in which the Hotel is located, the insurance required by clause (vi) of Section 1.7.1 of the Mortgages may be provided by a state approved and regulated employer's self-insurance fund. All primary insurance coverage required by other clauses of Section 1.7.1 of the Mortgages (other than flood insurance and workers' compensation insurance) shall be provided by one or more insurers having an Xxxxxx X. Best Company, Inc. rating of "A-/10" or better or "B/5" or better for earthquake insurers, and the primary insurer for the issuer of the primary insurance required by clause (ii) of such Section 1.7.1 shall be rated by Standard and Poor's Ratings Services not less than "A."
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Related to QUALIFIED INSURANCE COMPANIES

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

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

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

  • 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.

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

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

  • Title Insurance Company as defined in Section 5.1(l).

  • 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.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

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

  • Life Insurance Policy has the meaning given in Section 6.10.

  • 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.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

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

  • Captive insurance company means a Wholly Owned Subsidiary of the Borrower created solely for providing self-insurance for the Borrower and its Subsidiaries and engaging in no other activities other than activities ancillary thereto and necessary for the maintenance of corporate existence.

  • 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.