SAP Statements. Nationwide has previously made available to Allied true and complete copies of the following:
(a) the Annual Statements for each Nationwide Insurer as of and for the years ended December 31, 1995, 1996 and 1997;
(b) the Quarterly Statements for each Nationwide Insurer as of and for the calendar quarters ended March 31, 1998;
(c) any supplemental or separate statutory annual statements or quarterly statements for each Nationwide Insurer for any of the periods ended December 31, 1995, 1996 or 1997 or March 31, 1998 that are filed with any insurance Governmental Entity and that differ from the Annual Statements or the Quarterly Statements described in Section 5.4(a) or (b) hereto; and
(d) the audited SAP balance sheets of each Nationwide Insurer as of December 31, 1995, 1996 and 1997 and the related audited summary of operations and statements of change in capital and surplus and cash flow of such Nationwide Insurer for each such year, together with the notes related thereto and the reports thereon of KPMG Peat Marwick, LLP (collectively with the items described in Section 5.4(a), (b) and (c), the "Nationwide SAP Statements"). Each Nationwide SAP Statement complied (and, as to SAP Statements filed after the date of this Agreement, will comply) in all material respects with all applicable Laws when so filed, and all material deficiencies with respect to any such Nationwide SAP Statement, of which Nationwide has Knowledge, have been cured or corrected. Each Nationwide SAP Statement (and the notes related thereto) referred to in Section 5.4(a), (b), and (d) hereof was prepared (and, as to SAP Statements filed after the date of this Agreement, will be prepared) in accordance with SAP and presents (and, as to SAP Statements filed after the date of this Agreement, will present) fairly, in all material respects, the financial position of the respective Nationwide Insurers as of the respective dates thereof and the related summaries of operations and changes in capital and surplus and cash flow of the respective Nationwide Insurers for the respective periods covered thereby. To the Knowledge of Nationwide, each Nationwide SAP Statement (including the notes related thereto) referred to in Section 5.4(c) hereof was prepared (or, in the case of similar SAP Statements filed after the date of this Agreement, will be prepared) in accordance with the statutory accounting practices required by the insurance Governmental Entity in the jurisdiction in which such statement was ...
SAP Statements. ALSC has filed or submitted all ALSC SAP Statements required to be filed with or submitted to the Nebraska Department on forms prescribed or permitted by such department. Prior to the date of this Agreement, ALSC has provided to Lender a complete and correct copy of the following ALSC SAP Statements, in each case together with the exhibits, schedules and notes thereto: (i) the annual statement of ALSC as of and for the annual periods ended December 31, 2015, December 31, 2016 and December 31, 2017, in each case as filed with the Nebraska Department, and (ii) the quarterly statements of ALSC as of and for the quarterly period ended March 31, 2018, as filed with the Nebraska Department. The ALSC SAP Statements (A) have been derived from and are in accordance with the books and records of ALSC, (B) have been prepared in accordance with all applicable Laws (including Insurance Laws) and the statutory accounting practices prescribed or permitted by the Nebraska Department, and (c) fairly present, in all material respects, in accordance with SAP, the statutory financial position, results of operations, assets, liabilities, capital and surplus, changes in statutory surplus and cash flows of ALSC as at the respective dates of, and for the periods referred to therein. No material deficiency has been asserted by any insurance regulator with respect to any of the ALSC SAP Statements that remains unresolved prior to the date hereof. Schedule 4(ee)(i) sets forth a true and complete list of all accounting practices used by ALSC in connection with the ALSC SAP Statements that depart from the National Association of Insurance Commissioners’ Accounting Practices and Procedures Manual and all such departures have been approved in writing by the applicable Insurance Regulator, in accordance with applicable Law.
SAP Statements. Schedule 3.20(b) includes the unaudited statutory statement for IGF at December 31, 2000, the unaudited statutory statement for IGF as of March 31, 2001 and the audited statutory statements of IGF for the years ended December 31, 1998 and 1999 (the "SAP Statements"). The SAP Statements were prepared in accordance with statutory accounting practices (except with respect to the omission of footnotes) prescribed or permitted by the Indiana Department of Insurance, present fairly the admitted assets, liabilities, capital and surplus of IGF and the results of its operations for each of the periods then ended in conformity with accounting practices prescribed or permitted by the Indiana Department of Insurance; provided, however, the parties agree and acknowledge that there are no statutory accounting practices prescribed by the National Association of Insurance Commissioners with respect to revenues from crop insurance.
SAP Statements. HCCH has delivered to AVEMCO true and complete copies of the following SAP Statements for the HCCH Insurer Subsidiaries: SAP Statements for each HCCH Insurer Subsidiary for the years ended December 31, 1993, 1994 and 1995, and for the third quarter ended September 30, 1996, and the notes related thereto ("SAP Financial Statements"). Each of the SAP Financial Statements complied in all material respects with all applicable laws when so filed, all material deficiencies known to HCCH and each HCCH Insurer Subsidiary with respect to any such SAP Financial Statements have been cured or corrected. Each such SAP Financial Statement (and the notes related thereto) including without limitation each balance sheet and each of the statements of income, capital and surplus account, and cash flow contained in the respective SAP Financial Statement, was prepared in accordance with SAP, is true and complete in all material respects, and fairly presents the financial condition, assets and properties and liabilities of each HCCH Insurer Subsidiary as of the respective dates thereof, and the results of operations and changes in capital and surplus and in the cash flow of each such HCCH Insurer Subsidiary for and during the respective periods covered thereby. All reserves with respect to insurance written or assumed by each HCCH Insurer Subsidiary as established or reflected on such SAP Financial Statements were determined in accordance with generally accepted actuarial principles and practices and are in all material respects in accordance with the related insurance, coinsurance and reinsurance contracts of the HCCH Insurer Subsidiaries, and meet in all material respects the requirements of the insurance laws of the jurisdictions in which such contracts were issued or delivered.
SAP Statements. The Seller has previously delivered to the Purchaser true and complete copies of the following SAP Statements:
(a) an Annual Statement of each of the Companies for each of the years ended December 31, 1993, 1994 and 1995 (and the notes, exhibits and schedules relating thereto and any affirmations and certifications filed therewith);
(b) audited statements of admitted assets, liabilities, and capital and surplus (statutory basis) of each of the Companies as of December 31, 1993, 1994 and 1995, and the related summaries of operations, statements of capital and surplus and cash flow (statutory basis) for the years then ended, together with the notes related thereto; and
(c) a Quarterly Statement of each of the Companies for the nine- month period ended September 30, 1996 (and the exhibits and schedules relating thereto). Each such Annual Statement and Quarterly Statement complied in all material respects with all applicable laws when so filed and was timely filed with all required insurance regulatory authorities. No deficiencies, other than as set forth in the Disclosure Schedule, have been asserted or are otherwise known by the Seller with respect thereto. Each of the SAP Statements (and the exhibits and schedules relating thereto), including, without limitation, each statement of assets, liabilities, surplus and other funds (statutory basis) and each of the summaries of operations, statements of capital and surplus and cash flow (statutory basis) contained in the SAP Statements, was prepared in accordance with SAP applied on a consistent basis (except for changes, if any, disclosed therein) and is complete in all material respects, and each such Annual Statement and Quarterly Statement fairly presents (in accordance with SAP) the financial condition of the Company to which it relates as of the date thereof, or its results of operations or cash flows, as the case may be, for and during the period covered thereby.
SAP Statements. 20 Section 4.7 [Intentionally left blank.]............................................22 Section 4.8 Reserves...............................................................22 Section 4.9
SAP Statements. Section 5.12 Absence of Certain Changes............................................ Section 5.13 Litigation............................................................ Section 5.14
SAP Statements. Savers has previously delivered to SMC true and complete copies of the Annual Statements, and audited SAP basis financial statements of Savers for each of the years ended December 31, 1993, 1994, and 1995, and unaudited SAP basis financial statements of Savers for the nine months ended September 30, 1996 (and the notes relating thereto, whether or not included therein). Except as disclosed in SECTION 4.7 of the Disclosure Schedule, each such SAP Statement complied in all material respects with all applicable Laws when so filed, and all material deficiencies known to Savers with respect to any such SAP Statement have been cured or corrected. Each such SAP Statement (and the notes relating thereto, whether or not included therein), including, without limitation, each balance sheet and each of the statements of operations, capital and surplus account, and cash flow contained in the respective SAP Statement, was prepared in accordance with SAP, is true and complete in all material respects, and fairly presents the financial condition, the Assets and Properties, and the Liabilities of Savers as of the respective dates thereof and the results of operations and changes in capital and surplus and in cash flow of Savers for and during the respective periods covered thereby.
SAP Statements. XXXX has previously delivered to AML, or will have delivered to AML upon completion, true and complete copies of the AVLIC SAP Statements. Except as disclosed in Section 3.12 of the Disclosure Schedule, and to the Knowledge of XXXX, each such SAP Statement complied or will comply in all material respects with all applicable Laws when so filed, and all material deficiencies known to XXXX or AVLIC with respect to any such SAP Statement have been cured or corrected. Each such SAP Statement, including without limitation each balance sheet and each of the statements of operations, capital and surplus account and cash flow contained in the respective SAP Statement, was prepared in accordance with SAP, is or will when filed be true and complete in all material respects, and does or will present fairly, in all material respects, the admitted assets, liabilities and capital and surplus of AVLIC as of the date thereof and its results of operations and cash flows for and during the respective periods covered thereby.
SAP Statements. Chaswil has previously delivered to the Citizens true and complete copies of the following SAP Statements:
(a) Annual Statements for United for each of the years ended December 31, 1995, 1996 and 1997(and the notes relating thereto); and
(b) Quarterly Statements for United for each of the first three quarters of each of 1995 and 1996 and the first three quarters of 1997 (and the notes relating thereto). Except as disclosed in SECTION 3.8 OF THE DISCLOSURE SCHEDULE, each such SAP Statement complied in all material respects with all applicable Laws when so filed, and all material deficiencies with respect to any such SAP Statement have been cured or corrected. Each such SAP Statement (and the notes relating thereto), including without limitation each balance sheet and each of the statements of operations, capital and surplus account, and cash flow contained in the respective SAP Statement, was prepared in accordance with SAP, is true and complete in all material respects, and presents fairly, in all material respects, the admitted assets, Liabilities, and capital and surplus of United as of the respective dates thereof and its respective results of operations and cash flows for and during the respective periods covered thereby, all in accordance with SAP.
