Qualified Insurers definition

Qualified Insurers means reputable insurers of good standing in Canada, the United States, the United Kingdom, Europe or Australia having a credit rating of (1) A- or better with AM BEST or (2) the equivalent thereof by any other recognized insurance rating agency;
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Qualified Insurers means reputable insurers of good standing in Canada, the United States, the United Kingdom, Europe or Australia that:
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Qualified Insurers means financially sound and reputable insurance companies rated “A-, X” or better by A.M. Best Company or “A” or better by S&P.
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Examples of Qualified Insurers in a sentence

  • Project Co shall also take out, maintain in force, pay for and renew, or cause to be taken out, maintained in force, paid for and renewed, throughout the Term, from Qualified Insurers, all other insurance as may be required to be taken out from time to time in respect of all or any of the Project Work, the Project Site and/or the Project Infrastructure in accordance with any Laws or any Project Site Agreements and Project Site Encumbrances.

  • We do not know why JLT’s position has changed so substantially since then, nor why major objections to a Qualified Insurers Scheme which they raised in both those reports – which we will discuss later in this response – have not been identified currently by them.

  • We have already discussed the fact that expenses under a Qualified Insurers plan are likely to be greater than with a Fund, and we do not see how claims are likely to be less.

  • Notwithstanding subsection (a), a Participant may make a prospective election change that is on account of and corresponds with a change by the Participant in a dependent care provider.

  • Presumably under either option of protection the same claims will be made against the profession, and unless the Qualified Insurers are better able to settle them at lower cost – and there is no apparent reason why this would be so – the cost would be the same also.

  • Date and Time of Opening Financial BID shall be informed in due course to only Technically Qualified Insurers.

  • As a result, large supplementary contributions have been required from Members to cover the shortfall and will be required annually for some years to come, in addition to the premiums paid to the Qualified Insurers.

  • Possibly the Qualified Insurers may be required to pick up some of these liabilities (a further drawback to them becoming Qualified) or possibly they will have to revert to SIF, but there are complex issues that will need resolution.

  • The Assigned Risk Pool is a Pool to which all Qualified Insurers subscribe in the proportion that their premium income from this class bears to the total premium for the class.

  • Jones, Megginson, Nash, and Netter (1999) find that in privatizing through SIPs, certain governments maintain ultimate control of firms by retaining “golden shares” or similar rights to veto major corporate events following privatization.


More Definitions of Qualified Insurers

Qualified Insurers means financially sound and reputable insurance companies rated “A-, X” or better by A.M. Best Company, “A” or better by S&P or otherwise acceptable to the Majority Lenders, acting reasonably.
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Qualified Insurers means insurers having a claims paying or financial strength rating of at least Rep. No. on Exhibit C Mortgage Loan and Number as Identified on Exhibit A Description of the Exception S&P “A-” or Mxxxx’x “A3”.
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Qualified Insurers means reputable insurers of good standing in North America, the United Kingdom, Europe, Australia or Canada having a credit rating of (1) A- or better with AM BEST or (2) the equivalent thereof by any other recognized insurance rating agency; and
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Qualified Insurers means reputable insurers of good standing in Canada, the United States, the United Kingdom, Europe or Australia having a credit rating of (1) A- or better for three out of the previous five years but no lower than B during the previous five years and a Financial Size Category not lower than VII by AM BEST, (2) A- for three out of the previous five years but not less BBB during those five years in respect of long-term financial strength or A-3 for three out of the previous five years but not less than BB+ at any time during those five years in respect of short-term financial strength by Standard and Poor’s, (3) the equivalent thereof by any other recognized insurance rating agency, or (4) an insurer acceptable to the City, acting reasonably.
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Related to Qualified Insurers

  • 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.

  • 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.

  • Qualified inspector means a United States department of

  • Qualified Investments means any of the following if and to the extent permitted by law:

  • Applicant’s Qualified Investment means the Qualified Investment of the Applicant during the Qualifying Time Period and as more fully described in EXHIBIT 3 of this Agreement.

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Qualified Institution means a major U.S. commercial bank or a foreign bank with a U.S. branch office or a U.S. agency office with a Credit Rating of at least “A” by S&P and “A2” by Xxxxx’x and, if rated by Fitch, at least “A” by Fitch.”

  • Qualified Investor means any person, who invests a minimum amount of R1 million per hedge fund and who:

  • Qualified Institutional Investor (tekikaku kikan xxxxxxx) has the meaning assigned thereto in Article 2, Paragraph 3, item 1 of the Financial Instruments and Exchange Law (kinyu shohin torihiki ho) of Japan (Law No. 25 of 1948), Article 10, Paragraph 1 of the regulations relating to the definitions contained in such Article 2.

  • 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.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.