420Definitions—pt 7.10

420 Definitions—pt 7.10 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— (a) an MAI policy issued by an insolvent insurer, whether before or after the insurer became an insolvent insurer; or (b) 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.