Definitions—pt 7.10
420 Definitions—pt 7.10
In this part:
insolvent insurer means a licensed insurer, or former licensed insurer, for which an insolvent insurer declaration is in force.
insolvent insurer declaration—see section 422.
liquidator includes a provisional liquidator.
MAI policy issued by an insolvent insurer means—
an MAI policy issued by an insolvent insurer, whether before or after the insurer became an insolvent insurer; or
an MAI policy, issued by a person other than an insolvent insurer, for which an insolvent insurer has (whether before or after becoming an insolvent insurer) entered into a contract or an arrangement under which the insolvent insurer is (or would be but for its dissolution) liable to indemnify the person against the person’s liability under the policy.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.