SAP means the SAP entity that has entered into this Agreement, as well its Affiliates.
SAP means, with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the insurance commissioner (or other similar authority) in the jurisdiction of such Insurance Subsidiary for the preparation of annual statements and other financial reports by insurance companies of the same type as such Insurance Subsidiary that are applicable to the circumstances as of the date of filing of such statement or report.
SAP means the statutory accounting principles, consistently applied, as prescribed or permitted by the insurance regulatory authorities in the Ceding Company’s state of domicile.
Examples of SAP in a sentence
Also, if possible, avoid pruning or cutting during Spring months when Sap Beetles are most active.
More Definitions of SAP
SAP means statutory accounting principles prescribed or permitted by the applicable insurance regulatory authority.
SAP means the accounting procedures and practices prescribed or permitted by the Applicable Insurance Regulatory Authority or the NAIC.
SAP means, with respect to any Regulated Insurance Company, the accounting procedures and practices prescribed or permitted by the Applicable Insurance Regulatory Authority of the state in which such Regulated Insurance Company is domiciled; it being understood and agreed that determinations in accordance with SAP for purposes of Section 7, including defined terms as used therein, are subject (to the extent provided therein) to Section 11.07(a).
SAP means the SAP entity that has entered into this Agreement.
SAP s Customer Support Website” shall mean SAP’s customer facing support website under http://support.sap.com/.
SAP means, with respect to any Insurance Subsidiary, the accounting principles and procedures prescribed or permitted by the Applicable Insurance Regulatory Authority applied on a basis consistent with those that are indicated in Section 1.02.
SAP means the SAP entity which is further identified in the XXXX Acceptance Form as “SAP”.