Insurance Proposals for the District of Columbia: Hearings Before the Subcommittee on Business, Commerce, and Taxation..., 93-1, April 5 and July 16, 19731973 - 100 pages |
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Page 3
... premiums , which arises out of and 15 is within the coverage and not in excess of the applicable 16 limits of an insurance policy to which this title applies issued 17 by an insurer , if such insurer becomes an insolvent insurer 18 ...
... premiums , which arises out of and 15 is within the coverage and not in excess of the applicable 16 limits of an insurance policy to which this title applies issued 17 by an insurer , if such insurer becomes an insolvent insurer 18 ...
Page 4
... premiums " means 11 direct gross premiums written in the District on insurance 12 policies to which this title applies , less return premiums 13 thereon and dividends paid or credited to policyholders on 14 such direct business . Such ...
... premiums " means 11 direct gross premiums written in the District on insurance 12 policies to which this title applies , less return premiums 13 thereon and dividends paid or credited to policyholders on 14 such direct business . Such ...
Page 7
... expenses of the Association authorized by this title . ( b ) The assessments of each member insurer under 25 paragraph ( 2 ) of subsection ( a ) of this section shall be in 7 1 the proportion that the net direct written premiums 7.
... expenses of the Association authorized by this title . ( b ) The assessments of each member insurer under 25 paragraph ( 2 ) of subsection ( a ) of this section shall be in 7 1 the proportion that the net direct written premiums 7.
Page 8
... premiums of the 2 member insurer for the preceding calendar year on the kinds 3 of insurance in the account bears to the net direct written 4 premiums of all member insurers for the preceding calendar 5 year on the kinds of insurance in ...
... premiums of the 2 member insurer for the preceding calendar year on the kinds 3 of insurance in the account bears to the net direct written 4 premiums of all member insurers for the preceding calendar 5 year on the kinds of insurance in ...
Page 12
... premiums of each member insurer . ( b ) The Commissioner may— ( 1 ) require that the Association notify the in- sureds of the insolvent insurer and any other interested parties of the determination of insolvency and of their rights ...
... premiums of each member insurer . ( b ) The Commissioner may— ( 1 ) require that the Association notify the in- sureds of the insolvent insurer and any other interested parties of the determination of insolvency and of their rights ...
Common terms and phrases
acquiring party Act D.C. Code affiliates amended ance assessment assets assignment Asso authorized bill Board BROYHILL capital and surplus casualty insurance centum Chairman claimant Columbia Insurance Guaranty committee covered claims District Government District of Colum District of Columbia dividends domestic insurer enacted examination exempt filed Fire and Casualty funds grandfather clause group life insurance group term holding company system inserting in lieu insolvent insurer Insurance Commissioners insurance companies Insurance Guaranty Association insurance guaranty fund insurance policy insurer's investment jurisdiction kinds of insurance laws legislation liability lieu thereof limits LOMBARD member insurer ment minimum capital mutual companies mutual life insurance obligations panies payment person plan of operation policyholders premiums tax President property and casualty protection registration regulation Revenue ROBINSON section 107 shareholders stock company STUCKEY subcommittee subsidiaries surplus requirement taxation term life insurance tion W. S. Stuckey Wallach Washington
Popular passages
Page 71 - ... under common control with, the person specified. Control. The term "control" (including the terms "controlling," "controlled by" and "under common control with") means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise.
Page 71 - affiliate' of, or a person 'affiliated' with, a specified person, is a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified. "(f) Control. The term 'control' (including the terms 'controlling,
Page 20 - ... by the Association of all pending causes of action. As to any covered claims arising from a judgment under any decision, verdict, or finding based on the default of the insolvent insurer or its failure to defend an insured, the Association...
Page 39 - Any person having a claim against an insurer under any provision in an insurance policy other than a policy of an insolvent insurer which is also a covered claim, shall be required to exhaust first his right under such policy. Any amount payable on a covered claim under this Act shall be reduced by the amount of any recovery under such insurance policy.
Page 74 - Every person who is directly or indirectly the beneficial owner of more than 10 per centum of any class of any equity security (other than an exempted security) which is registered on a national securities exchange, or who is a director or an officer of the issuer of such security...
Page 72 - Person" means an individual, a corporation, a partnership, an association, a joint stock company, a business trust, or any organized group of persons, whether incorporated or not, or any receiver or trustee. 22. "Premium...
Page 74 - Act of 1933 ; (B) any acquisition of the beneficial ownership of a security which, together with all other acquisitions by the same person of securities of the same class during the preceding twelve months...
Page 74 - ... (2) If any material change occurs in the facts set forth in the statements to the issuer and the exchange, and in the statement filed with the Commission, an amendment shall be transmitted to the issuer and the exchange...
Page 65 - Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Pennsylvania...
Page 74 - ... including but not limited to transfer of any of the securities, joint ventures, loan or option arrangements, puts or calls...