Risk retention definition

Risk retention. – means the loss or benefit remaining from a particular risk.
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Risk retention shall have the meaning set forth in Section 6.2.
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Risk retention means that amount or portion of sum insured by an insurer that is not reinsured (was not ceded to a reinsurer);
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Examples of Risk retention in a sentence

  • The Global Agent shall post any such Risk Retention Information to the Global Agent Website within (3) Business Days following its receipt thereof.

  • Prospective investors should note that, although the definition of "U.S. person" in the U.S. Risk Retention Rules is very similar to the definition of "U.S. person" in Regulation S, there are substantial differences between the two definitions and that persons who are not "U.S. persons" under Regulation S may be "U.S. persons" under the U.S. Risk Retention Rules.

  • Best or a comparable rating service, or be an authorized Risk Retention Group acceptable to the Board.

  • Persons") except to the extent permitted under "foreign-related transaction" safe harbor exemption from the U.S. Risk Retention Rules.

  • The U.S. Risk Retention Rules also provide for certain exemptions from the risk retention obligations.

  • The U.S. Risk Retention Rules generally require the "securitizer" of a "securitization transaction" to retain at least 5% of the "credit risk" of "securitized assets", as such terms are defined for purposes of U.S. Risk Retention Rules, and generally prohibit a securitizer from directly or indirectly eliminating or reducing its credit exposure by hedging or otherwise transferring the credit risk that the securitizer is required to retain.

  • Where any of the insurances mentioned above are provided by a Captive Risk Retention Group or are self insured, such above provisions may be waived at the sole discretion of CalOptima.

  • Furthermore, the impact of the U.S. Risk Retention Rules on the securitization markets generally is uncertain, and a failure by a transaction to comply with the U.S. Risk Retention Rules could negatively affect the market value and secondary market liquidity of the Securities.

  • The U.S. Risk Retention Rules also provide for certain exemptions from the risk retention obligation that they generally impose.

  • The City’s primary liability coverage is through its self-insured Risk Retention Trust Fund.

Related to Risk retention

  • Risk Retention Letter As described in the Offering Circular, that certain letter agreement entered into by Xxxxxxx Mac, dated as of the Closing Date.

  • Risk retention group means any corporation or other limited liability association:

  • SABS : means the South African Bureau of Standards.

  • SFIs means Standing Financial Instructions.

  • Insurance Affordability Program means a program that is one of the following:

  • risk management plan ’ means a risk management plan submitted to the Ad- ministrator by an owner or operator of a stationary source under subparagraph (B)(iii).

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • 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.

  • Foster care means substitute care furnished on a 24-hour a day basis to an eligible child, in a licensed foster care facility or approved shelter care facility, by a person or agency other than the child’s parent or guardian, but does not include care provided in a family home through an informal arrangement for a period of less than 30 days. Child foster care shall include but is not limited to the provision of food, lodging, training, education, supervision, and health care.

  • waste management means the collection, transport, recovery and disposal of waste, including the supervision of such operations and the after-care of disposal sites, and including actions taken as a dealer or broker;

  • Shelter care means the temporary care of children in physically unrestricting facilities.

  • Renewable Energy Standard means the minimum renewable energy capacity portfolio, if applicable, and the renewable energy credit portfolio required to be achieved under section 28 or former section 27.

  • AGLC means the Alberta Gaming and Liquor Commission.

  • Emergency medical care means such medical procedures as:

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

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