Pool definition

Pool means a voluntary arrangement, established on an ongoing basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis. The pool may operate through an association, syndicate, or other pooling agreement.
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Pool means any artificial water holding structure with a closed-loop circulation of water through a water treatment system with a return to the structure.
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Pool means an underground reservoir containing a common accumulation of oil and gas or both; each zone of a structure that is completely separated from any other zone in the same structure is a pool.
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Examples of Pool in a sentence

  • A Participating Member may withdraw from the Pool without penalty by providing notice to the Board of Trustees at least five (5) months before the end of the Participating Member’s Policy Year subject to the following: 1 Appendix A may be modified at any time to pursuant to this Agreement and Bylaws.

  • The Pool shall continue to exist as a Runoff Pool after its authority to self- insure has ended for purposes of paying claims, preparing reports, and administering transactions associated with the period in which the Pool provided Coverage.

  • This responsibility ceases only after the Pool dissolves pursuant Section 12.4 herein.

  • For the avoidance of doubt, the Pool shall not operate as a public/private pool, and shall not offer membership to any private entity.

  • The Runoff Pool shall continue to comply with applicable Minnesota statutes and rules.


More Definitions of Pool

Pool means the Health Insurance High Risk Pool;
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Pool means an underground reservoir containing a common accumulation of oil or gas or both. Each zone of a general structure that is completely separated from any other zone in the structure is a separate pool. "Common source of supply" and "reservoir" are synonymous with "pool."
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Pool means an underground reservoir containing
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Pool means an underground reservoir containing a common accumulation of oil or gas, or both, but does not include a gas storage reservoir. Each zone of a geological structure that is completely separated from any other zone in the same structure may contain a separate pool.
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Pool means the Lending Facility Pool or a Designated Pool, as applicable.
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Pool means any water receptacle designed for decorative purposes or used for swimming or as a bath or hot tub designed to accommodate more than one bather at a time.
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Pool options will be used when more than one employee in the same classification, with the same skills and abilities, within the same layoff unit are laid off at the same time, and there are at least the same number of options available as the number of employees comprising the “pool.” All employees in the “pool” are offered the same options and asked to make their selections in order of preference. The option will be awarded based on seniority.
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