Common use of Statutory Financial Statements Clause in Contracts

Statutory Financial Statements. (a) The Annual Statements of each Insurance Subsidiary including, without limitation, the provisions made therein for investments and the valuation thereof, losses (reserves), and Statutory Liabilities, as filed with the Department and delivered to Agent pursuant hereto (collectively, the "Statutory Financial Statements"), have been prepared in accordance with SAP. Each such Statutory Financial Statement was in compliance with applicable law when filed. The Statutory Financial Statements fairly present in all material respects the financial position, the results of operations, changes in equity and changes in financial position of each Insurance Subsidiary as of and for the respective dates and periods indicated therein in accordance with SAP, except as set forth in the notes thereto. Except for liabilities and obligations disclosed or provided for in the Statutory Financial Statements, including, without limitation, losses (reserves) and Statutory Liabilities (all of which have been computed in accordance with SAP), no Insurance Subsidiary had as of the respective dates of each of such Statutory Financial Statements, any liabilities or obligations (whether absolute or contingent and whether due or to become due) that in conformity with SAP would have been required to be or should be disclosed or provided for in such Statutory Financial Statements. All books of account of each of the Insurance Subsidiaries fully and fairly disclose in all material respects all of the transactions, properties, assets, investments, liabilities and obligations of each Insurance Subsidiary, and all of such books of account are in the possession of each Insurance Subsidiary, and are true, correct and complete in all material respects.

Statutory Financial Statements. (a) The Annual Statements Statement of each Material Insurance Subsidiary including, without limitation, (including the provisions made therein for investments and the valuation thereof, losses (reserves), policy and Statutory Liabilities, contract claims and statutory liabilities) as filed with the Department and appropriate Governmental Authority of its jurisdiction of domicile (the “Department”) delivered to Agent pursuant hereto each Lender prior to the execution and delivery of this Agreement, as of and for the 2014 Fiscal Year (collectively, the "“Statutory Financial Statements"”), have been prepared in accordance with SAPSAP applied on a consistent basis (except as noted therein). Each such Statutory Financial Statement was in compliance in all material respects with all applicable law Requirements of Law when filed. The Statutory Financial Statements fairly present in all material respects the financial position, the results of operations, operations and changes in equity and changes in financial position of each Material Insurance Subsidiary as of and for the respective dates and periods indicated therein in accordance with SAPSAP applied on a consistent basis, except as set forth in the notes theretothereto or on Schedule 4.2. Except for liabilities and obligations disclosed or provided for in the Statutory Financial Statementsobligations, includingincluding reserves, without limitation, losses (reserves) policy and Statutory Liabilities contract claims and statutory liabilities (all of which have been computed in accordance with SAP), no disclosed or provided for in the Statutory Financial Statements, the Material Insurance Subsidiary had Subsidiaries did not have, as of the respective dates of each of such Statutory Financial Statementsfinancial statements, any liabilities or obligations (whether absolute or contingent and whether due or to become due) that which, in conformity with SAP SAP, applied on a consistent basis, would have been required to be or should be disclosed or provided for in such Statutory Financial Statementsfinancial statements. All books of account of each of the Material Insurance Subsidiaries Subsidiary fully and fairly disclose in all material respects all of the transactions, properties, assets, investments, liabilities and obligations of each such Material Insurance Subsidiary, Subsidiary and all of such books of account are in the possession of each Material Insurance Subsidiary, Subsidiary and are true, correct and complete in all material respects.

Statutory Financial Statements. (a) The Annual Statements Statement of each of the Insurance Subsidiary Subsidiaries (including, without limitation, the provisions made therein for investments and the valuation thereof, losses (reserves), policy and contract claims and Statutory Liabilities, ) as filed with the Department appropriate Governmental Authority of its state of domicile (the "Department") and delivered to Agent pursuant hereto each Lender prior to the execution and delivery of this Agreement, as of and for the 1991, 1992, 1993, 1994 and 1995 Fiscal Years, and as of and for the Fiscal Quarters ended March 31, June 30 and September 30, 1996 (collectively, the "Statutory Financial Statements"), have been prepared in accordance with SAPSAP applied on a consistent basis (except as noted therein). Each such Statutory Financial Statement was in material compliance with applicable law when filed. The Statutory Financial Statements fairly present in all material respects the financial position, the results of operations, changes in equity and changes in financial position of each such Insurance Subsidiary as of and for the respective dates and periods indicated therein in accordance with SAPSAP applied on a consistent basis, except as set forth in the notes theretothereto or on Schedule 7.2(a). Except for liabilities and obligations disclosed or provided for in the Statutory Financial Statementsobligations, including, without limitation, losses (reserves) , policy and contract claims and Statutory Liabilities (all of which have been computed in accordance with SAP), no disclosed or provided for in the Statutory Financial Statements, the Insurance Subsidiary had Subsidiaries did not have, as of the respective dates of each of such Statutory Financial Statementsfinancial statements, any material liabilities or obligations (whether absolute or contingent and whether due or to become due) that which, in conformity with SAP SAP, applied on a consistent basis, would have been required to be or should be disclosed or provided for in such Statutory Financial Statementsfinancial statements. All books of account of each of the Insurance Subsidiaries fully and fairly disclose in all material respects all of the transactions, properties, assets, investments, liabilities and obligations of each such Insurance Subsidiary, Subsidiary and all of such books of account are in the possession of each such Insurance Subsidiary, Subsidiary and are true, correct and complete in all material respects.

Statutory Financial Statements. (a) The Annual Statements Statement of each Material Insurance Subsidiary including, without limitation, (including the provisions made therein for investments and the valuation thereof, losses (reserves), policy and Statutory Liabilities, contract claims and statutory liabilities) as filed with the Department and appropriate Governmental Authority of its jurisdiction of domicile (the “Department”) delivered to Agent pursuant hereto each Lender prior to the execution and delivery of this Agreement, as of and for the 2007 Fiscal Year (collectively, the "“Statutory Financial Statements"”), have been prepared in accordance with SAPSAP applied on a consistent basis (except as noted therein). Each such Statutory Financial Statement was in compliance with all applicable law Requirements of Law when filed. The Statutory Financial Statements fairly present in all material respects the financial position, the results of operations, operations and changes in equity and changes in financial position of each Material Insurance Subsidiary as of and for the respective dates and periods indicated therein in accordance with SAPSAP applied on a consistent basis, except as set forth in the notes theretothereto or on Schedule 5.2. Except for liabilities and obligations disclosed or provided for in the Statutory Financial Statementsobligations, includingincluding reserves, without limitation, losses (reserves) policy and Statutory Liabilities contract claims and statutory liabilities (all of which have been computed in accordance with SAP), no disclosed or provided for in the Statutory Financial Statements, the Material Insurance Subsidiary had Subsidiaries did not have, as of the respective dates of each of such Statutory Financial Statementsfinancial statements, any liabilities or obligations (whether absolute or contingent and whether due or to become due) that which, in conformity with SAP SAP, applied on a consistent basis, would have been required to be or should be disclosed or provided for in such Statutory Financial Statementsfinancial statements. All books of account of each of the Material Insurance Subsidiaries Subsidiary fully and fairly disclose in all material respects all of the transactions, properties, assets, investments, liabilities and obligations of each such Material Insurance Subsidiary, Subsidiary and all of such books of account are in the possession of each Material Insurance Subsidiary, Subsidiary and are true, correct and complete in all material respects.

Statutory Financial Statements. (a) The Annual Statements Statement of each Material Insurance Subsidiary including, without limitation, (including the provisions made therein for investments and the valuation thereof, losses (reserves), policy and Statutory Liabilities, contract claims and statutory liabilities) as filed with the Department and appropriate Governmental Authority of its jurisdiction of domicile (the “Department”) delivered to Agent pursuant hereto each Lender prior to the execution and delivery of this Agreement, as of and for the 2008 Fiscal Year (collectively, the "“Statutory Financial Statements"”), have been prepared in accordance with SAPSAP applied on a consistent basis (except as noted therein). Each such Statutory Financial Statement was in compliance in all material respects with all applicable law Requirements of Law when filed. The Statutory Financial Statements fairly present in all material respects the financial position, the results of operations, operations and changes in equity and changes in financial position of each Material Insurance Subsidiary as of and for the respective dates and periods indicated therein in accordance with SAPSAP applied on a consistent basis, except as set forth in the notes theretothereto or on Schedule 5.2. Except for liabilities and obligations disclosed or provided for in the Statutory Financial Statementsobligations, includingincluding reserves, without limitation, losses (reserves) policy and Statutory Liabilities contract claims and statutory liabilities (all of which have been computed in accordance with SAP), no disclosed or provided for in the Statutory Financial Statements, the Material Insurance Subsidiary had Subsidiaries did not have, as of the respective dates of each of such Statutory Financial Statementsfinancial statements, any liabilities or obligations (whether absolute or contingent and whether due or to become due) that which, in conformity with SAP SAP, applied on a consistent basis, would have been required to be or should be disclosed or provided for in such Statutory Financial Statementsfinancial statements. All books of account of each of the Material Insurance Subsidiaries Subsidiary fully and fairly disclose in all material respects all of the transactions, properties, assets, investments, liabilities and obligations of each such Material Insurance Subsidiary, Subsidiary and all of such books of account are in the possession of each Material Insurance Subsidiary, Subsidiary and are true, correct and complete in all material respects.

Statutory Financial Statements. (a) The Annual Statements Statement of each Material Insurance Subsidiary including, without limitation, (including the provisions made therein for investments and the valuation thereof, losses (reserves), policy and Statutory Liabilities, contract claims and statutory liabilities) as filed with the Department and appropriate Governmental Authority of its jurisdiction of domicile (the “Department”) delivered to Agent pursuant hereto each Lender prior to the execution and delivery of this Agreement, as of and for the 2017 Fiscal Year (collectively, the "“Statutory Financial Statements"”), have been prepared in accordance with SAPSAP applied on a consistent basis (except as noted therein). Each such Statutory Financial Statement was in compliance in all material respects with all applicable law Requirements of Law when filed. The Statutory Financial Statements fairly present in all material respects the financial position, the results of operations, operations and changes in equity and changes in financial position of each Material Insurance Subsidiary as of and for the respective dates and periods indicated therein in accordance with SAPSAP applied on a consistent basis, except as set forth in the notes theretothereto or on Schedule 5.2. Except for liabilities and obligations disclosed or provided for in the Statutory Financial Statementsobligations, includingincluding reserves, without limitation, losses (reserves) policy and Statutory Liabilities contract claims and statutory liabilities (all of which have been computed in accordance with SAP), no disclosed or provided for in the Statutory Financial Statements, the Material Insurance Subsidiary had Subsidiaries did not have, as of the respective dates of each of such Statutory Financial Statementsfinancial statements, any liabilities or obligations (whether absolute or contingent and whether due or to become due) that which, in conformity with SAP SAP, applied on a consistent basis, would have been required to be or should be disclosed or provided for in such Statutory Financial Statementsfinancial statements. All books of account of each of the Material Insurance Subsidiaries Subsidiary fully and fairly disclose in all material respects all of the transactions, properties, assets, investments, liabilities and obligations of each such Material Insurance Subsidiary, Subsidiary and all of such books of account are in the possession of each Material Insurance Subsidiary, Subsidiary and are true, correct and complete in all material respects.

Statutory Financial Statements. (a) The Annual Statements of each Insurance Subsidiary including, without limitation, the provisions made therein for investments and the valuation thereof, losses (reserves), and Statutory Liabilities, as filed with the Department and delivered to Agent pursuant hereto (collectively, the "Statutory Financial Statements"), have been prepared in accordance with SAP. Each such Statutory Financial Statement was in compliance with applicable law when filed. The Statutory Financial Statements fairly present in all material respects the financial position, the results of operations, changes in equity and changes in financial position of each Insurance Subsidiary as of and for the respective dates and periods indicated therein in accordance with SAP, except as set forth in the notes thereto. Except for liabilities and obligations disclosed or provided for in the Statutory Financial Statements, including, without limitation, losses (reserves) and Statutory Liabilities (all of which have been computed in accordance with SAP), no Insurance Subsidiary had as of the respective dates of each of such Statutory Financial Statements, any liabilities or obligations (whether absolute or contingent and whether due or to become due) that in conformity with SAP would have been required to be or should be disclosed or provided for in such Statutory Financial Statements. All books of account of each of the Insurance Subsidiaries fully and fairly disclose in all material respects all of the transactions, properties, assets, investments, liabilities and obligations of each Insurance Subsidiary, and all of such books of account are in the possession of each Insurance Subsidiary, and are true, correct and complete in all material respects.