Admitted Asset definition

Admitted Asset with respect to any HMO Subsidiary or Insurance Subsidiary, any asset of such HMO subsidiary or Insurance Subsidiary which qualifies as an "admitted asset" (or any like item) under the applicable Insurance Regulations and HMO Regulations.
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Admitted Asset means an asset that is identified specifically as an admitted asset within the NAIC accounting manual or is not identified specifically as a nonadmitted asset within the NAIC accounting manual, excluding assets of separate accounts because the investments and investment practices of separate accounts are not subject to the provisions of this chapter.
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Admitted Asset means any property, security, item or interest of a person permitted or required by or under section 42 to be regarded as an admitted asset;
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Examples of Admitted Asset in a sentence

  • Admitted asset means asset accounted for in Solvency Level of Tabarru' Fund.

  • Therefore admitted asset is 150,000.(iii) Agent’s balance of 100,000, 95 days past due: Admitted asset is 0 because it is over 90 days past due.4. The candidate will be able to describe the current and historical regulatory environment.

  • An agent’s balance of 100,000, 95 days past due The admitted assets are:(i) Stock: Admitted asset is the current value of 1,000,000.(ii) Building: Admitted asset is purchase price (200,000), less depreciation (25%).

  • Admitted asset allocation is based off UCS’ statutory financials and are non-GAAP.equity capital at UCS is that we have the chance to get two turns on our money.

  • Admitted asset status of such real or personal property shall be in accordance with Section 302.1 of this amendatory Act.

  • Admitted asset allocation is based off UCS’ statutory financials and are non-GAAP.Controlled premium is a critical measurement for us at GIG.

  • The scattering amplitude is simply computed as a three-point function on a genus 0 super Riemann surface of one NS vertex operator and two Ramond vertex operators:˜ ˜ ˜ ˜ ˜ ˜ccδ(γ)V1(z1;z1|0) ccΘ−1/2V2′(z2;z2)ccΘ−1/2V3′(z3;z3) .

  • This is discussed further in Section B.1.c.3 New Approaches-H/PD.

  • It should be noted that a target of 100% geographical coverage for digital radio broadcasting is contained in both the Harambee Prosperity Plan and draft National Broadband Policy by 2020.

  • Non-admitted assets, such as prepaid expenses and other assets not specifically identified as an Admitted asset within the NAIC’s Accounting Practices and Procedures Manual, are excluded from the accompanying statements of admitted assets, liabilities, and fund balance and are charged directly to members’ equity for statutory purposes.No determination has been made of the effect of such differences on the accompanying financial statements.


More Definitions of Admitted Asset

Admitted Asset means any property, security, item or interest of
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Related to Admitted Asset

  • Separately invested asset means an account or fund of a district that is not invested in a pooled fund group.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Partnership Interest means an ownership interest in the Partnership representing a Capital Contribution by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Partnership Interest may be expressed as a number of Partnership Units.

  • Contributed Property means each property or other asset, in such form as may be permitted by the Delaware Act, but excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.5(d), such property or other asset shall no longer constitute a Contributed Property, but shall be deemed an Adjusted Property.

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Exchange Property has the meaning set forth in Section 11(a).

  • Subject Vehicle means the vehicle being tested.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Taxable Public Property means all Assessor’s Parcels of Public Property that are not exempt pursuant to Section E below.

  • Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.