Traditional Insurance Business definition

Traditional Insurance Business means the Seller Parent’s and its Subsidiaries’ businesses solely related to establishing, underwriting, selling, paying benefits under, administering and/or maintaining the Traditional Insurance Policies in the United States, in each case, excluding the Non-Traditional Insurance Business.
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Traditional Insurance Business means the Traditional Insurance segment of UAM as reported in its SEC filings as of the Closing Date, which includes the Medicare supplement, other senior health insurance, specialty health insurance, and life insurance.
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Traditional Insurance Business means those commercial and personal lines of property, liability and workers' compensation insurance in any jurisdiction in which either of MNH or MMIC is or was licensed to do an insurance business, which insurance was produced through the Pooled Companies' independent insurance agents pursuant to the Management Agreement dated as of September 29, 1986 among MMIC, MNH and MGI (the "Previous Management Agreement"), including residual market assumptions and assessments, industry underwriting facilities charges, and all similar assessments and charges attributable to such business, and such other business as the Pooled Companies may mutually agree.
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Examples of Traditional Insurance Business in a sentence

  • Moreover, our declaration of trust provides that, without the affirmative vote of a majority of the votes cast on the matter by our shareholders entitled to vote generally in the election of trustees, we may not elect to be subject to any of the provisions of Subtitle 8.

  • If the Company, Preferred or National writes business that is not Traditional Insurance Business, they may offer to cede such business to AEIC under the Original Pooling Agreement.

  • The Tenant will enter into the Site Lease of the Project to the Issuer, and the Issuer will lease its interest in the Project to the Tenant pursuant to the Project Lease.

  • To the extent that any business written by Preferred falls within the definition of Traditional Insurance Business, Preferred has been deemed to be a party to the Original Pooling Agreement and such Traditional Insurance Business is subject to the Original Pooling Agreement.

  • None of the Acquired Companies and, to the extent related directly to the Traditional Insurance Business, APNY, distributes or licenses to any other Person any Software that is Open Source Software in a manner that would require any source code of any Software in the Owned Intellectual Property to be disclosed, licensed for free, publicly distributed or dedicated to the public.

  • If the Company, Preferred or National wrote business that was not Traditional Insurance Business, they may offer to cede such business to AEIC under the Original Pooling Agreement.

  • Pursuant to the Original Pooling Agreement, AEIC ceded 100% of its Traditional Insurance Business to the Company and the business was shared between the Company and AEIC based on the following pooling percentages: Effective March 2007, the Company and AEIC are no longer affiliated.

  • To the extent that any business written by Preferred falls within the definition of Traditional Insurance Business, Preferred was deemed to be a party to the Original Pooling Agreement and such Traditional Insurance Business was subject to the Original Pooling Agreement.

  • No stockholder, officer, director or employee of any of the Acquired Companies, or any immediate family member or Affiliate of any such officer, director or employee, (a) owns, directly or indirectly, any interest in any asset or other property used in or held for use in the Traditional Insurance Business or (b) is a debtor or creditor of the Acquired Companies except with respect to any officer, director or employee of any of the Acquired Companies in the Ordinary Course of Business.


More Definitions of Traditional Insurance Business

Traditional Insurance Business means those commercial and personal lines of property, liability and workers' compensation insurance in any jurisdiction in which either of Merchants New Hampshire or Merchants Mutual is or was licensed to do an insurance business, which insurance was produced through the Companies' independent insurance agents pursuant to the Previous Management Agreement, including residual market assumptions and assessments, industry underwriting facilities charges, and all similar assessments and charges attributable to such business, and such other business as the Companies may mutually agree.
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Related to Traditional Insurance Business

  • general insurance business means any class of insurance business other than long-term insurance business;

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

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

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

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

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

  • 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”)

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

  • Additional Insureds has the meaning specified in Section 7.06(a) of the Indenture.

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

  • Health insurance carrier or "carrier" means any entity subject to the insurance

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

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

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

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

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

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • 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.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

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

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

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