AG 48 definition

AG 48 means Actuarial Guideline XLVIII of the NAIC as in effect on the date hereof or any substantially similar rule or regulation enacted or adopted by the NAIC after the date hereof or enacted or adopted by the Insurance Regulator having jurisdiction over the Ceding Company.
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AG 48 means Actuarial Guideline XLVIII, as amended from time to time or any successor requirement.
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Examples of AG 48 in a sentence

  • In order to promote uniformity among states, a new version of AG 48 was adopted on Dec.

  • This paper answers the question by analyzing administrative data on over 1.2 million loans originated by an Indian mortgage provider, relating loan pricing and delinquency rates to the changing details of Indian mortgage regulation.

  • Included in the lesson plans were the purpose of the conversation, social communication skill to learn, concepts to learn Context and topic were indicated.

  • Section G below covers credit for reinsurance issues related to AG 48.

  • For policies that are subject to AG 38 and AG 48, PBR calculations may be required for policies issued prior to the effective date of the Valuation Manual.

  • AG 48 and the Reserve Financing Model Regulation were developed to address the solvency implications of life insurance “reserve financing arrangements”—i.e., arrangements in which the security or assets backing reserves are (1) issued by the ceding insurer or affiliates, (2) are not unconditionally available to satisfy general account obligations of the ceding insurer, and/or (3) create a reimbursement or indemnification obligation on the part of the ceding insurer or affiliates.

  • The initial version of AG 48 was adopted by the NAIC with an effective date of Jan.

  • The revised version of AG 48 was conformed in most significant respects to the Reserve Financing Model Regulation and includes a sunset provision whereby the guideline will cease to apply once a regulation substantially similar to the Reserve Financing Model Regulation is adopted by a ceding company’s domiciliary state.

  • He noted that Model #787 mirrors Actuarial Guideline XLVIII—Actuarial Opinion and Memorandum Requirements for the Reinsurance of Policies Required to be Valued under Sections 6 and 7 of the NAIC Valuation of Life Insurance Policies Model Regulation (AG 48) and that under the accreditation standards, a state may meet the requirements through an administrative practice, such as an actuarial guideline.

  • The Reserve Financing Model Regulation is different in certain respects from the original version of AG 48.

Related to AG 48

  • RFX means the Request for Proposal, Request for Bid, or other solicitation document (and any amendments or addenda thereto) specifically identified in the State Entity Standard Contract Form that was issued to solicit the Services that are subject to the Contract.

  • BCEA means the Basic Conditions of Employment Act, 1997 (Act No.75 of 1997) “COVID-19” means Coronavirus Disease 2019

  • CM means City Manager of COE appointed in terms of Section 82 of the Local Government: Municipal Structures Act 117 of 1998

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • Cider means an alcoholic beverage made from the fermentation of juice from primarily apples or pears, or both, which contains not less than 1/2 of 1% and not more than 8.5% of alcohol by volume. Cider may be still or carbonated and may contain other fruits, spices, botanicals, or other flavors.

  • Masterworks Investor refers to an affiliate of Masterworks that has raised capital from unaffiliated third party investors to invest the proceeds in a diversified collection of artwork and which acquires Class A Ordinary Shares as part of such investment strategy.

  • Xxxxxxx Family means Xxxxx X. Xxxxxxx, Xxxxx X. Xxxxxxx, Xx., Xxxxxx Xxxxxxx, Xxxx Xxxxxxx and the members of their Families.

  • Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.

  • Principal instructor means the individual who has the primary responsibility for organizing and teaching a particular course.

  • SABS 0400 means the South African Bureau of Standards, Code of Practice for the application of the National Building Regulations;

  • Manicurist means an individual who engages in the practice of manicuring but no other branch of cosmetology in a licensed facility.

  • Fat wood means pieces of wood kindling with high naturally-occurring levels of sap or resin which enhance ignition of the kindling. “Fat wood” does not include any kindling with substances added to enhance flammability, such as wax-covered or wax-impregnated wood-based products.

  • X-ray tube means any electron tube which is designed to be used primarily for the production of X-rays.

  • CDBG-DR means the Community Development Block Grant Disaster Recovery program administered by the U.S. Department of Housing and Urban Development (“HUD”). Such program includes residential repair, construction, or reconstruction projects or programs administered by HUD in cooperation with the GLO.

  • Group 4 All of the Group 4 Certificates.

  • ESCP means the environmental and social commitment plan for the Project, dated May 16, 2022, as the same may be amended from time to time in accordance with the provisions thereof, which sets out the material measures and actions that the Recipient shall carry out or cause to be carried out to address the potential environmental and social risks and impacts of the Project, including the timeframes of the actions and measures, institutional, staffing, training, monitoring and reporting arrangements, and any environmental and social instruments to be prepared thereunder.

  • Cardiopulmonary resuscitation or "CPR" means artificial ventilation or external

  • SFTR means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • OWRA means the Ontario Water Resources Act, R.S.O. 1990, c. O.40, as amended;

  • Dynamic driving task means the same as that term is defined in Section 41-26-102.1.

  • Passive RFID tag means a tag that reflects energy from the reader/interrogator or that receives and temporarily stores a small amount of energy from the reader/interrogator signal in order to generate the tag response. The only acceptable tags are EPC Class 1 passive RFID tags that meet the EPCglobal\TM\ Class 1 Generation 2 standard.

  • MBE means a Minority Business Enterprise.

  • Salmonid means of, belonging to, or characteristic of the family Salmonidae, which includes the salmon, trout, and whitefish.

  • Commercial Shared-Loss Agreement means the Commercial Shared-Loss Agreement attached to the Purchase and Assumption Agreement as Exhibit 4.15B.

  • Non-Administrator Ambulatory Surgical Facility means an Ambulatory Surgical Facility which does not meet the definition of an Administrator Ambulatory Surgical Facility.

  • IST means Indian Standard Time.

Most Referenced Clauses

Most Referenced Definitions