§ 458. Surety insurance defined
“Surety insurance” includes— (1) credit insurance as defined in section 457(9) of this title; (2) bail bond insurance as defined in section 459 of this title; (3) fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions of public or private trust; (4) guaranteeing the performance of contracts, other than insurance policies, and […]
§ 459. Bail bond insurance defined
“Bail bond insurance” is the guaranteeing that any person, in or in connection with any proceedings in any court, will attend in court when required, or will obey the orders or judgment of the court, as a condition to the release of such person from confinement, and the execution of bail bonds for any such […]
§ 454. Property insurance defined
“Property insurance” is insurance against loss of or damage to real or personal property of every kind and any interest therein, from any or all hazard or cause, and against loss consequential upon such loss or damage.
§ 451. Kinds of insurance; capital and surplus requirements
(a) Domestic stock insurers may transact different kinds of insurance in the territory upon qualifying therefor and by having paid-in capital and surplus represented by assets, as follows: Minimum capital required Minimum surplus initially required (1) Life insurance $1,000,000 500,000 (2) Disability insurance 1,000,000 250,000 (A) Life and disability insurance 1,250,000 750,000 (3) Property insurance […]
§ 452. Life insurance defined
“Life insurance” is insurance on human lives and insurances appertaining thereto or connected therewith. For the purposes of this title the transacting of life insurance includes the granting of annuities and endowment benefits; additional benefits in event of death by accident; additional benefits in event of the total and permanent disability of the insured; and […]
§ 453. Disability insurance defined
“Disability insurance” is insurance against bodily injury, disablement or death by accident, against disablement resulting from sickness, and every insurance appertaining thereto.