Regulation 114 Trust

Regulation 114 Trust,

Regulation 114 Trust Definition:

The term refers to the New York State Department of Insurance Ordinance 114, which sets out the standards for the use of insurance trust funds. In the case of captives, there is a crowning agreement between the captive, the company and the bank. The bank acts as a fund manager. Prisoners deposit money and / or legal guarantees in trust. As a trust company, the referred company must approve the assets of the trust. The fraudulent company may, at any time, demand assets from the trust to meet the obligations of the captive under the insurance contract. Assets are delivered in the form of bonds which are converted into cash by the forwarding company. Rule 114 of trust can be used to protect against the risk of loss and margin or with a linear credit.

Regulation 114 Trust refers to A trust fund established in New York State to regulate future damages in the format prescribed by Rule 114.

Literal Meanings of Regulation 114 Trust

Regulation:

Meanings of Regulation:
  1. Rules or policies that are created and enforced by government agencies.

  2. Organization or the act or process of organization

Sentences of Regulation
  1. City decree

  2. Financial market regulation

Synonyms of Regulation

tuning, guideline, modulation, requirement, mandate, command, canon, ordinance, dictate, synchronization, order, injunction, act, adjustment, ruling, precept, statute, proclamation, fiat, control, dictum, setting

Trust:

Meanings of Trust:
  1. Someone's reliability, accuracy, skill or someone's strength or firm belief in something.

  2. An arrangement in which a person (trustee) retains property as a nominal owner for the benefit of one or more beneficiaries.

  3. A large company that owns the market or wants to gain monopoly control over the market.

  4. A hope or hope.

Sentences of Trust
  1. I should never have believed that

  2. It is forbidden to trust a sailor.

  3. Relationships will be based on trust

  4. A trust is established

  5. He will use the rhetoric of progressive-era reform to turn the store itself and its supporters into investors, monopolies and trusts.

  6. My master lives with confidence in a flood

  7. All the big secrets of femininity

Synonyms of Trust

have faith in, safe keeping, keeping, sureness, have every confidence in, assurance, conviction, faith, certainty, freedom from suspicion, believe in, pin one's faith on, certitude, place one's trust in, custody, confidence, charge, belief, freedom from doubt, care, protection, pin one's hopes on