Authorized Control Level definition

Authorized Control Level means "Authorized Control Level" as defined by the NAIC from time to time and as applied in the context of the Risk Based Capital Guidelines promulgated by the NAIC (or any term substituted therefor by the NAIC).
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Authorized Control Level means “Authorized Control Level Risk-Based Capital” as defined by the NAIC as of December 31, 1994, as such definition has been amended from time to time, and as applied in the context of the Risk-Based Capital Guidelines promulgated by the NAIC.
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Authorized Control Level means "Authorized Control Level" as defined by ------------------------ the NAIC from time to time and as applied in the context of the Risk-Based Capital Guidelines promulgated by the NAIC (or any term substituted therefor by the NAIC). In the event that there is a conflict between the risk-based capital formulas adopted by the NAIC and any applicable department of insurance, the calculation of the applicable department of insurance shall govern.
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Examples of Authorized Control Level in a sentence

  • Specifically, required capital for the regulated entities in the US is calculated as one and a half times (150%) the upper end of the Company Action Level range (200% of Authorized Control Level) as applied by the National Association of Insurance Commissioners in the US, while the own funds is calculated by applying a haircut to available capital under the local regulatory solvency measurement of one time (100%) the upper end of the Company Action Level range.

  • Risk Based Capital — The Total Adjusted Capital figure in Column One from the page titled Five Year Historical Data in the Annual Statement for the most recent year filed with PID, divided by the Authorized Control Level Risk-based Capital figure.

  • For U.S. regulated insurance subsidiaries, this amount generally would be 200 percent of the subsidiary’s Authorized Control Level as established by the appropriate state insurance regulator.

  • Acute gastroenteritis is one of the most common diseases affecting children worldwide.

  • If the reported Authorized Control Level Risk-Based Capital for a company exceeds that printed in the annual statement by more than 5 percent, or if the reported Risk-Based Capital triggers regulatory action, a revised filing of the annual statement with the reported results is required to be made to the NAIC and the state of domicile by June 15; otherwise re-filing is permitted but not required.

  • U.S. COPYRIGHT OFF., AUTHORS, ATTRIBUTION, AND INTEGRITY, supra note 14, at 6.

  • These Terms shall be binding from the time the User proceeds to download and use the Software, which shall necessarily entail and imply tacit acceptance of such Terms by the User.

  • For the electronic filing of risk-based capital the reported Authorized Control Level Risk-Based Capital would be no less than the amount required using year-end data.

  • Increase the "Authorized Control Level" capital: Increase concentration in a single issuer (subject to concentration factor). Invest in riskier investments, such as junk bonds and/or riskier short and long term investments (increase potential for default and fluctuations in the fair value of assets). Seek rapid/excessive growth.2. The candidate will understand the concepts of risk modeling and be able to evaluate and understand the importance of risk models.

  • For the electronic filing of risk-based capital the reported Authorized Control Level Risk-Based Capital should be no less than the amount required, using year-end data but not necessarily requiring a complete recalculation as of year-end using the NAIC Instructions which include this methodology for Variable Annuities and Similar Products.


More Definitions of Authorized Control Level

Authorized Control Level means an amount of risk-based capital that is equal to the "Authorized Control Level RBC" of Penn Life, as such term is defined in Section 221.1-A of Article V-A of the Pennsylvania Insurance Department Act of 1921 as in effect on December 31, 2010.
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Authorized Control Level means, with respect to any Life Insurance Subsidiary, the dollar amount computed as such Life Insurance Subsidiary's authorized control level Risk-Based Capital in accordance with the RBC Instructions.
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Authorized Control Level means “Authorized Control Level” as defined by NAIC from time to time and as applied in the context of the Risk Based Capital Guidelines promulgated by NAIC (or any term substituted therefor by NAIC).
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Authorized Control Level means the number which appears as line 28 of the Five Year Historical Data Schedule of the Annual Statement of National Life for the most recent year or such number as would appear on such line if a comparable number were computed as of the end of any calendar quarter. "Governmental Authority": any nation or government, any state or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. "Person": an individual, partnership, corporation, business trust, joint stock company, trust, unincorporated association, joint venture, limited liability company, Governmental Authority, or other entity of whatever nature. "Pledge and Security Agreements": shall mean, collectively (i) the Pledge and Security Agreement of even date herewith executed by the Holding Company in favor of National Life, and (ii) the Pledge and Security Agreement of even date herewith executed by NLV Financial in favor of National Life. "Total Adjusted Capital": means the number which appears as line 27 of the Five Year Historical Data Schedule of the Annual Statement of National Life for the most recent year or such number as would appear on such line if a comparable number were computed as of the end of any calendar quarter. "Undertaking": as defined in the Second Recital. (b) The words "hereof", "herein" and "hereunder" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and section and paragraph references are to this Agreement unless otherwise specified. (c) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.
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Authorized Control Level has the meaning specified in subsection J of Section 1 (or the relevant successor section, if any) of the Model Act.
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Authorized Control Level means “Authorized Control Level Risk-Based Capital” as defined by the NAIC as of December 31, 1994 and as applied in the context of the Risk-Based Capital Guidelines promulgated by the NAIC.
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Related to Authorized Control Level

  • Authorized Amount means $ , the maximum principal amount of the Funding Loan under this Funding Loan Agreement.

  • State Level Monitoring Cell means the body constituted by the State Government for the control and elimination of ragging in institutions within the jurisdiction of the State, established under a State Law or on the advice of the Central Government, as the case may be.

  • Use Level means the license use meter or model (which may include operating system, hardware system, application or machine tier limitations, if applicable) by which Symantec measures, prices and licenses the right to use the Licensed Software, in effect at the time an order is placed for such Licensed Software, as indicated in this License Agreement and the applicable License Instrument.

  • Maximum horizontal acceleration in lithified earth material means the maximum expected horizontal acceleration depicted on a seismic hazard map, with a 90 percent or greater probability that the acceleration will not be exceeded in 250 years, or the maximum expected horizontal acceleration based on a site-specific seismic risk assessment.

  • Maximum contaminant level goal or “MCLG” means the maximum level of a contaminant in drinking water at which no known or anticipated adverse effect on the health of persons would occur, and which allows an adequate margin of safety. MCLGs are nonenforceable health goals.

  • Elevated blood lead level means a level of lead in blood that is any of the following:

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.