Unauthorized insurance definition

Unauthorized insurance means any insurance per- mitted in a state to be placed directly or through a surplus lines bro- ker with an unauthorized insurer eligible to accept such insurance.
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Unauthorized insurance means any insurance permitted in a state to be
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Unauthorized insurance or "nonadmitted insurance" means any
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Examples of Unauthorized insurance in a sentence

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  • Unauthorized insurance is any contract of insurance placed with an insurer that is not authorized in British Columbia under the FIA, which can be verified at https://www.bcfsa.ca/ Insurance agents / brokers are to file a return for each insured person or entity; however, a return may be used for more than one policy covering the same insured person or entity.


More Definitions of Unauthorized insurance

Unauthorized insurance or "nonadmitted insurance" means any insurance permitted to be placed directly or through a surplus lines broker with an insurer who is not licensed to transact insurance in this state.
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Unauthorized insurance means any insurance permitted in a state to be placed directly or through a sur- plus lines broker with an unauthorized insurer eligible to accept such insurance.
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Related to Unauthorized insurance

  • Unauthorized insurer means an insurance institution that has not been granted a certificate of authority by the commissioner to transact the business of insurance in this state."

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • Unauthorized Use means either of the following:

  • Unauthorized Gas means (a) the quantity of gas taken by Customer exceeding the amount which is permitted during a Period of Interruption or (b) the difference (whether positive or negative) between the quantity of gas taken by Customer and the volumes provided for under an Operational Flow Order.

  • Unauthorized Access means the entrance of a person into a restricted area without permission of the operator or the operator’s designated representative.

  • Unauthorized Code means any virus, Trojan horse, worm, or other software routines or hardware components designed to permit unauthorized access, to disable, erase, or otherwise harm Software, hardware or data.

  • Unauthorized signature means one made without actual, implied, or apparent authority and includes a forgery.

  • Unauthorized alien means an alien as defined in Section 1324a(h)(3) of Title 8 of the United States Code.

  • Unauthorized disclosure or "unauthorized release" means any disclosure or release not permitted by federal or state statute or regulation, any lawful contract or written agreement, or that does not respond to a lawful order of a court or tribunal or other lawful order.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

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

  • Unauthorized Removal means the Contractor’s removal of Key Personnel without the prior written consent of the State.

  • Unauthorized Third Party means any person or entity that, at the time of the Computer Fraud, is not an Authorized User.

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

  • authorised insurer means an insurer that holds an authorisation to carry on insurance business for the purposes of Directive 73/239/EEC or that is otherwise entitled to carry on non-life insurance business in the State;

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • 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.

  • Controlled insurer means a licensed insurer that is either directly or indirectly

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Policy means Related Party Transaction Policy.

  • Insurance Information means the insurance information required by the Access Provider pursuant to Clause 5(b)(xi) hereof.

  • 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.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Unauthorized person means any person who accesses government data without a work assignment that reasonably requires access, or regardless of the person's work assignment, for a purpose not described in the procedures required by section 13.05, subdivision 5.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.