Reserve Insurance definition

Reserve Insurance means, in lieu of cash and investments, insurance obtained by the City equal to part or all of the Reserve Requirement for any Covered Parity Bonds then outstanding with respect to which such insurance is obtained.
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Reserve Insurance means any bond insurance, letter of credit, guaranty, surety bond or similar credit enhancement device obtained by Cascade equal to part or all of the Reserve Requirement that is issued by an institution which has been assigned a credit rating at the time of issuance of the device in one of the two highest rating categories of each of at least two Rating Agencies (without regard to any gradations within a rating category) and is not cancelable on less than three years’ notice.
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Reserve Insurance means any bond insurance, letter of credit, guaranty, surety bond or similar credit enhancement device obtained by the University to provide for part or all of the Reserve Requirement which is issued by an institution which has been assigned a credit rating at the time of issuance of the device in one of the two highest rating categories of each of the Rating Agencies.
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Examples of Reserve Insurance in a sentence

  • The Reserve Insurance Fund (Reserve) will be used for rate control and/or benefit enhancements in the insurance plan.

  • The name of the Corporation is Great American Reserve Insurance Company (hereinafter referred to as the "Corporation").

  • Insurance Reserve Insurance Reserve (GML §6-n) is used to pay liability, casualty and other types of losses, except losses incurred for which the following types of insurance may be purchased: life, accident, health, annuities, fidelity and surety, credit, title residual value and mortgage guarantee.

  • About the upper periphery of the seal shall appear the words "Great American Reserve Insurance Company" and about the lower periphery thereof the word "Texas".

  • No credit need be made to the Debt Service Reserve Fund so long as the moneys and/or a Bond Reserve Insurance Policy therein equal the Reserve Requirement (regardless of the source of such accumulations).

  • The Company was incorporated on July 17, 1939 under the laws of the State of New York as the Reserve Insurance Company.

  • TELEPHONE TRANSFER -------------------------------------------------------------------------------- I hereby authorize and direct Great American Reserve Insurance Company (GARCO) to act on telephone instructions, when proper identification is furnished, to exchange units form any fixed, Market Value Adjustment (MVA) or sub-account to any other fixed, MVA or other sub-account and/or to change the allocation of future deposits.

  • The Escrow Agent is authorized and directed to deposit, transfer and hold the Escrow Funds in a Wilmington Trust non-interest bearing or other account fully insured, subject to the applicable rules and regulations of the Federal Reserve Insurance Corporation (FDIC), to the applicable limits of the FDIC.

  • Such draw shall be made at such times and under such conditions as the agreement for the Reserve Insurance provides.

  • The 2016 Reserve Fund shall initially be funded at the Reserve Requirement with the deposit of a Municipal Bond Debt Service Reserve Insurance Policy issued by BAM and thereafter maintained at the Reserve Requirement, subject to the provisions hereof, in the Original Trust Agreement and in the Debt Service Reserve Fund Agreement (the “DSRF Agreement”) among the County, the Corporation and BAM.


More Definitions of Reserve Insurance

Reserve Insurance means any bond insurance, letter of credit, guaranty, surety bond or similar credit enhancement device obtained by the City equal to part or all of the Reserve Requirement for any Parity Bonds which
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Reserve Insurance means any bond insurance, letter of credit, guaranty, surety bond or similar credit enhancement device obtained by the District equal to part or all of the Reserve Requirement for any Parity Bonds which is issued by an institution which has been assigned a credit rating at the time of issuance of the device in one of the two highest rating categories of at least two Rating Agencies (without regard to any gradations within a rating category). Following the full redemption, defeasance or refunding of the Outstanding Parity Bonds, this definition shall read as follows: "Reserve Insurance" means any bond insurance, letter of credit, guaranty, surety bond or similar credit enhancement device obtained by the District equal to part or all of the Reserve Requirement for any Parity Bonds which is issued by an institution which has been assigned a credit rating at the time of issuance of the device in one of the two highest rating categories of at least one Rating Agency (without regard to any gradations within a rating category).
Sample 1
Reserve Insurance means, in lieu of cash and investments, a non-cancelable policy of reserve insurance, surety bond or similar instrument obtained by the District from a provider rated, at the time of issuance of such reserve insurance, in one of the two highest rating categories by either Moody’s or S&P in an amount equal to part or all of the Reserve Requirement for any Parity Bonds then outstanding for which insurance is obtained.
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Related to Reserve Insurance

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

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

  • 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.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Captive insurance company means any pure captive insurance company, association captive

  • Franchise insurance means an individual insurance policy provided through a

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Pure captive insurance company means a company that

  • Sponsored captive insurance company means a captive insurance company:

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.

  • Bail bond insurance means a guarantee that a person will attend court when

  • Ocean marine insurance means insurance against loss of or damage to:

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

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

  • Regulated Insurance Company means any Subsidiary of the Borrower, whether now owned or hereafter acquired, that is authorized or admitted to carry on or transact Insurance Business in any jurisdiction and is regulated by any Applicable Insurance Regulatory Authority.

  • Title insurance agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.