Insurance Proposals for the District of Columbia: Hearings Before the Subcommittee on Business, Commerce, and Taxation of the Committee on the District of Columbia, House of Representatives, Ninety-third Congress, First Session ... April 5 and July 16, 1973U.S. Government Printing Office, 1974 - 100 páginas |
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Página 5
... assets of the Association for expenses incurred by them as 23 members of the Board . 24 25 SEC . 107. ( a ) The Association shall-- ( 1 ) be obligated to the extent of the covered claims 5 1 existing prior to the determination of ...
... assets of the Association for expenses incurred by them as 23 members of the Board . 24 25 SEC . 107. ( a ) The Association shall-- ( 1 ) be obligated to the extent of the covered claims 5 1 existing prior to the determination of ...
Página 8
... assets of the Association in any account , 13 does not provide in any one year in any account an amount 14 sufficient to make all necessary payments from that account , 15 the funds available shall be prorated and the unpaid portion 16 ...
... assets of the Association in any account , 13 does not provide in any one year in any account an amount 14 sufficient to make all necessary payments from that account , 15 the funds available shall be prorated and the unpaid portion 16 ...
Página 9
... assets of the account exceed the liabilities , if , at the end of any calendar year , the Board finds that the assets of the Association in any account exceed the liabilities of that account as estimated by the Board for the coming year ...
... assets of the account exceed the liabilities , if , at the end of any calendar year , the Board finds that the assets of the Association in any account exceed the liabilities of that account as estimated by the Board for the coming year ...
Página 10
... assets of the Association ; ( 3 ) establish the amount and method of reimburs- ing members of the Board under section 106 ; ( 4 ) establish procedures by which claims may be filed with the Association and establish acceptable forms of ...
... assets of the Association ; ( 3 ) establish the amount and method of reimburs- ing members of the Board under section 106 ; ( 4 ) establish procedures by which claims may be filed with the Association and establish acceptable forms of ...
Página 14
... assets of the 11 insolvent insurer . 12 ( c ) The Association shall periodically file with the re- 13 ceiver or liquidator of the insolvent insurer statements of the 14 covered claims paid by the Association which shall preserve 15 the ...
... assets of the 11 insolvent insurer . 12 ( c ) The Association shall periodically file with the re- 13 ceiver or liquidator of the insolvent insurer statements of the 14 covered claims paid by the Association which shall preserve 15 the ...
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Términos y frases comunes
acquiring party Act D.C. Code affiliates amended ance assessment assets authorized bill Board BROYHILL capital and surplus casualty insurance centum Chairman claimant Columbia Insurance Guaranty committee CONGRESS THE LIBRARY covered claims District Government District of Colum District of Columbia dividends domestic insurer enacted examination exempt filed Fire and Casualty funds GRESS group life insurance group term holding company system inserting in lieu insolvent insurer insurance companies Insurance Guaranty Association insurance guaranty fund insurance policy insurer's investment jurisdiction kinds of insurance laws legislation liability LIBRARY OF CONGRES LIBRARY OF CONGRESS lieu thereof limits LOMBARD member insurer ment minimum capital mutual companies mutual life insurance panies payment person plan of operation policyholders premiums tax property and casualty protection registration regulation RESS Revenue ROBINSON section 107 shareholders stock company STUCKEY subsidiaries surplus requirement taxation term life insurance tion W. S. Stuckey Wallach Washington
Pasajes populares
Página 65 - ... 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.
Página 65 - 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,
Página 2 - ... 30 days of the determination, but such obligation shall include only that amount of each covered claim which is in excess of...
Página 14 - ... 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...
Página 72 - ... to produce such records, books, or other information papers in the possession of the insurer or its affiliates as shall be necessary to ascertain the financial condition or legality of conduct of such insurer. In the event such insurer fails to comply with such order, the commissioner shall have the power to examine such affiliates to obtain such information.
Página 33 - 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.
Página 68 - 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...
Página 66 - 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...
Página 68 - After the change of control the domestic insurer referred to in subsection a. would not be able to satisfy the requirements for the issuance of a license to write the line or lines of insurance for which it is presently licensed...
Página 68 - 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...