IRIS Ratios. Permit or suffer the Insurance Subsidiaries of the Company to at any time be outside the recommended range for more than four (4) of the Insurance Regulatory Information System ratio tests, determined on a combined basis for the Insurance Subsidiaries.
IRIS Ratios. As soon as available, and in no event later than March 31st of each year, for each Insurance Subsidiary, all financial ratios reported pursuant to the NAIC’s Insurance Regulatory Information System (IRIS) early warning system.
IRIS Ratios. The Subsidiaries of the Company are outside of the recommended range for ___ Insurance Regulatory Information System ratio tests, as set forth in attached Schedule 6. The undersigned officer of Company hereby certifies that:
A. To the best of the undersigned officer's knowledge, all of the information set forth in this Report (and in any Schedule attached hereto) is true and correct in all material respects.
B. To the best of the undersigned officer's knowledge, as of the Computation Date, the Company has observed and performed all of its covenants and other agreements contained in the Agreement and in the Notes and any other Loan Documents to be observed, performed and satisfied by them.
C. I have reviewed the Agreement and this Report is based on an examination sufficient to assure that this Report is accurate.
D. To the best of the undersigned officer's knowledge, except as stated in Schedule 7 hereto (which shall describe any existing Default or Event of Default and the notice and period of existence thereof and any action taken with respect thereto or contemplated to be taken by Company), no Default or Event of Default has occurred and is continuing on the date of this Report. Capitalized terms used in this Report and in the schedules hereto, unless specifically defined to the contrary, have the meanings given to them in the Agreement.
