SAP Statements. Each Nationwide Mutual 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 Mutual SAP Statement, of which Nationwide Mutual has Knowledge, have been cured or corrected. Each Nationwide Mutual SAP Statement (and the notes related thereto) referred to in Sections 6.1(d)(i), (d)(ii), and (d)(iv) 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 Nationwide Mutual as of the respective dates thereof and the related summaries of operations and changes in capital and surplus and cash flow of Nationwide Mutual for the respective periods covered thereby. To the Knowledge of Nationwide Mutual, each Nationwide Mutual SAP Statement (including the notes related thereto) referred to in Section 6.1(d)(iii) 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 (or will be) filed. Nationwide Mutual has previously made available to the Harleysville Parties true and complete copies of the Nationwide Mutual SAP Statements. For purposes of this Agreement, the “Nationwide Mutual SAP Statements” include the following:
(i) the Annual Statements for Nationwide Mutual as of and for the years ended December 31, 2008, 2009, and 2010;
(ii) the Quarterly Statements for Nationwide Mutual as of and for the calendar quarters ended March 31, 2011, and June 30, 2011;
(iii) any supplemental or separate statutory annual statements or quarterly statements for Nationwide Mutual for any of the periods ended December 31, 2008, 2009, and 2010, or March 31, 2011, or June 30, 2011, that are filed with any insurance Governmental Entity and that differ from the Annual Statements or the Quarterly Statements described in Section 6.1(d)(i) or (d)(ii) hereto; and
(iv) the audited SAP balance sheets of Nationwide Mutual as of December 31, 2008, 2009, and 2010, and the related audited summary of operations and statements of change in capital and surplus and cash flow of Nationwide Mutual for each such yea...
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, 1995 and 1996, and unaudited SAP basis financial statements of Savers for the nine months ended September 30, 1997 (and the notes relating thereto, whether or not included therein). Except as disclosed in SECTION 3.7 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. 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. The Seller has previously delivered to the Purchaser true and complete copies of the following SAP Statements:
(a) an Annual Statement of the Life Insurer for each of the years ended 1997, 1996 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 of the Life Insurer as of December 31, 1997, 1996 and 1995, and the related summaries of operations, statements of capital and surplus and cash flow for the years then ended, together with the notes related thereto; and
(c) a Quarterly Statement of the Life insurer for the period ended September 30, 1998 (and the exhibits and schedules relating thereto). Each such Annual Statement and Quarterly Statement complied in all material respects wit all applicable laws when so filed and was timely filed with all required insurance regulatory authorities. No material deficiencies have been asserted or are otherwise known by the Seller with respect thereto other than the adjustments noted in the audited statements referred to in Section 3.7(b) above. Each of the SAP Statements (and the exhibits and schedules relating thereto), including, without limitation, each statement of assets, liabilities, surplus and other funds and each of the summaries of operations, statements of capital and surplus and cash flow contained in the SAP Statements, was to the knowledge of Seller (i) prepared in accordance with SAP applied on a consistent basis (except for changes, if any, disclosed therein), (ii) prepared from and is consistent with the books and records of the Company or Life Insurer, as appropriate and (iii) is true and complete in all material respects and presents fairly the financial condition, assets, properties and liabilities of the Company and Life Insurer as of the respective dates thereof and the results of operations and changes in capital and surplus and in the cash flow of the Company and Life Insurer for and during the respective periods covered thereby.
SAP Statements. 20 Section 4.7 [Intentionally left blank.]............................................22 Section 4.8 Reserves...............................................................22 Section 4.9
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. Section 4.12 Absence of Certain Changes............................................ Section 4.13 Litigation............................................................ Section 4.14
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. (a) Harleysville Mutual has previously made available to Nationwide Mutual true and complete copies of the following:
(i) the Annual Statements (including any combined annual statements) for Harleysville Mutual, the Harleysville Mutual Subsidiaries and the insurance company Subsidiaries of HGI as of and for the years ended December 31, 2008, 2009, and 2010;
(ii) the Quarterly Statements for Harleysville Mutual, the Harleysville Mutual Subsidiaries and the insurance company Subsidiaries of HGI as of and for the calendar quarters ended March 31, 2011, and June 30, 2011;
(iii) any supplemental or separate SAP Statements for Harleysville Mutual, the Harleysville Mutual Subsidiaries and the insurance company Subsidiaries of HGI for any of the periods ended December 31, 2008, 2009, and 2010 or March 30, 2011, or June 30, 2011 that are filed with any insurance Governmental Entity and that differ from the Annual Statements or the Quarterly Statements described in Section 4.5(a)(i) or (ii) hereto; and
(iv) the audited SAP balance sheets of Harleysville Mutual, the Harleysville Mutual Subsidiaries and the insurance company Subsidiaries of HGI as of December 31, 2008, 2009, and 2010 and the related audited summary of operations and statements of change in capital and surplus and cash flows of Harleysville Mutual for each such years, together with the notes related thereto and the reports thereon of KPMG LLP (collectively, with the items described in Sections 4.5(a)(i), (ii), and (iii), the “Harleysville SAP Statements”).
(b) Since December 31, 2007, Harleysville Mutual and the Harleysville Mutual Subsidiaries have filed all SAP Statements required to be filed with or submitted to Governmental Entities.
(c) Each Harleysville Mutual 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 Harleysville Mutual SAP Statement, of which Harleysville Mutual has Knowledge, have been cured or corrected. Each Harleysville Mutual SAP Statement (and the notes related thereto) referred to in Sections 4.5(a), (b), and (d) was prepared (and, as to SAP Statements filed after the date of this Agreement, will be prepared) in accordance with all applicable Laws and SAP and presents (and, as to SAP Statements filed after the date of this Agreement, will present) fairly, in all material respects, the statutory financial posit...
