Trusteed assets definition

Trusteed assets means the assets of an alien insurer and U.S. branch domiciled in this state and maintained in trust pursuant to section 411(4).
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Trusteed assets means the assets in a trust account which the Commissioner requires be established and maintained by an alien insurance company.
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Trusteed assets means, collectively, all cash and securities as defined in Sections 910 and 912 of the Michigan Insurance Code, being MCL 500.910; MSA 24.1910 and MCL 500.912; MSA 24.1912 at the lower of their cost or market value in accordance with generally accepted accounting procedures and all proceeds, income, earnings, dividends or interest accumulations with respect to such cash and securities held by the Trustee pursuant to the provisions hereof.
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Examples of Trusteed assets in a sentence

  • The aim of this contract is to transcribe policy into practice and to secure a consensus of understanding and a uniformity of practice in specific regulations.


More Definitions of Trusteed assets

Trusteed assets means the assets in a trust account established pursuant to section 38a-58d;
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Trusteed assets means the assets in a trust account established pursuant to section 18 of this act;
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Related to Trusteed assets

  • Trust Property means any and all property, real or personal, tangible or intangible, which is owned or held by or for the account of the Trust.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Transportation equipment means 1 or more of the following:

  • Low-speed vehicle means any four-wheeled electrically-powered vehicle, except a motor vehicle or

  • Trust business means the business of acting as trustee, executor or administrator;

  • Transport vehicle means a motor vehicle or rail car used for the transportation of cargo by any mode. Each cargo-carrying body (trailer, railroad freight car, etc.) is a separate transport vehicle.

  • Subject Vehicle means the vehicle being tested.