Transferring insurer definition

Transferring insurer means an insurer or reinsurer that transfers and novates or seeks to transfer and novate obligations or risks, or both, under one or more policies to an assuming insurer pursuant to an Insurance Business Transfer Plan.
Transferring insurer means an insurer or reinsurer that
Transferring insurer means the insurer which transfers an insurance obligation or risk, or both, to an assuming insurer pursuant to an assumption reinsurance agreement.

Examples of Transferring insurer in a sentence

  • Transferring insurer" means the insurer that transfers an insurance obligation risk to an assuming insurer pursuant to an assumption reinsurance agreement.


More Definitions of Transferring insurer

Transferring insurer means a non-admitted insurer that is
Transferring insurer means an insurance company that transfers an insurance obligation or risk to an assuming insurer pursuant to a plan, and that is a domestic insurer or a foreign or alien insurance company that has a certificate of authority issued by the commissioner under chapter 101 of this title.
Transferring insurer means a non-admitted insurer that is transferring a closed block to an assuming company under a legacy insurance transfer plan.
Transferring insurer means a nonadmitted insurer that is
Transferring insurer means a nonadmitted insurer that is transferring a closed block to an assuming company under a legacy insurance transfer plan.
Transferring insurer means Sentry Insurance a Mutual Company—See Section A.
Transferring insurer. ’ means the insurer in