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

  • The preceding paragraph is not intended to change the scope of, or collateral requirements for policies and treaties covered under AG 48.

  • AG 48 was written to sunset upon a state’s adoption (pursuant to the enabling authority of the preceding paragraph) of a regulation with terms substantially similar to AG 48.

  • Drafting Note: The NAIC’s Actuarial Guideline XLVIII (AG 48) became effective January 1, 2015, and covers policies ceded on or after this date unless they were ceded as part of a reserve financing arrangement as of December 31, 2014.

  • One regulation contemplated by this revision to the NAIC Credit for Reinsurance Model Law is intended to substantially replicate the requirements for the amounts and forms of security held under the rules provided in AG 48.

  • Note: For the avoidance of doubt, actuarial opinions issued with respect to the year ended December 31, 2016, shall be governed by the version of AG 48 in effect on December 31, 2016, as included in the Accounting Practices and Procedures Manual.

  • One regulation contemplated by this revision to the NAIC Credit for Reinsurance Model Law (#785) is intended to substantially replicate the requirements for the amounts and forms of security held under the rules provided in AG 48.

  • See Section G below for more details regarding credit for reinsurance for policies subject to AG 48.

  • It supersedes the original version of AG 48 for valuation periods ending on or after 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.

  • Unlike the Reserve Financing Model Regulation, AG 48 does not state requirements that must be met for credit for reinsurance to be taken relative to the reinsurance of Covered Policies.

Related to AG 48

  • Single Family Shared-Loss Loan means a single family one-to-four owner- occupied residential mortgage loan, excluding Home Equity Loans, that is secured by a mortgage on a one-to four family residence or stock of a cooperative housing association.

  • 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.

  • Single Family Shared-Loss Loans means the single family one-to-four residential mortgage loans (whether owned by the Assuming Bank or any Subsidiary) identified on Schedule 4.15A of the Purchase and Assumption Agreement.

  • 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”;

  • 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.

  • Total tetrahydrocannabinol means the sum of the percentage by weight of tetrahydrocannabinolic acid multiplied by eight hundred seventy-seven thousandths plus the percentage of weight of tetrahydrocannabinol.

  • GFR means General Financial Rules

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

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

  • ESCP means the environmental and social commitment plan for the Project, dated July 31, 2023, 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.

  • 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.

  • New Shared-Loss Loans means loans that would otherwise be subject to loss sharing under this Commercial Shared-Loss Agreement that were originated after the Bid Valuation Date and before Bank Closing.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • 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.

  • Non-Methane Hydrocarbons (NMHC means the sum of all hydrocarbon air pollutants except methane.

  • COGSA means the Carriage of Goods by Sea Act of the United States of America approved on 16th April 1936.

  • MBE means a Minority Business Enterprise.

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

  • IPPF means the indigenous peoples planning framework for the Investment Program, including any update thereto, agreed between the Borrower and ADB and incorporated by reference in the FFA;