Authorized control level risk based capital definition

Authorized control level risk based capital means the number determined under the risk-based capital formula in accordance with the risk-based capital instructions.

Authorized control level risk based capital means the number

Authorized control level risk based capital as of any date, has the meaning set forth on page 22, line 31, column 1 of the annual Statutory Statement most recently filed by American Equity Life and each other Insurance Subsidiary (or equivalent page, line, column or statement, to the extent that any thereof is modified or replaced).

Examples of Authorized control level risk based capital in a sentence

• The Company will maintain at all times Total Adjusted Capital in an amount not less than 4.0 times the Company’s Authorized Control Level Risk-Based Capital.

• The Borrower will cause PLICO to maintain at all times Total Adjusted Capital in an amount not less than 3.6 times PLICO’s Authorized Control Level Risk-Based Capital.

• Cause IPCC to maintain, as of December 31 of each calendar year, not less than 200% of the Authorized Control Level Risk-Based Capital, as defined by Ala.

• The Borrower shall maintain, or cause to be maintained, at all times the Authorized Control Level Risk-Based Capital for each Insurance Subsidiary in an amount equal to or greater than 400% of the Authorized Control Level Risk-Based Capital for such Insurance Subsidiary.

• Notwithstanding the undertaking in the preceding sentence, Seller Parent may elect to assume Seller’s obligations under Article IX or provide another form of security for Seller’s indemnification obligations hereunder in form and substance reasonably satisfactory to Buyer, in which event the obligations of Seller and Seller Parent with respect to Seller’s Total Adjusted Capital and Authorized Control Level Risk-Based Capital shall be of no further force or effect.

More Definitions of Authorized control level risk based capital

Authorized control level risk based capital means the number determined under the risk-based capital formula in accordance with the provisions of R.I. Gen. Laws Chapter 27-4.6.

Authorized control level risk based capital shall have the meaning set forth on page 27, line 31, column 1 of the most recent NAIL Statement filed by SIC.

Authorized control level risk based capital have the meanings attributed thereto in the Risk-Based Capital (RBC) for Life and/or Health Insurers Model Act adopted by the NAIC in December 2000, as the same may be modified, supplemented or amended from time to time.

Authorized control level risk based capital means the authorized control level risk-based capital as determined in accordance with the risk-based capital instructions adopted by the NAIC, as such instructions may be amended, modified, supplemented or restated from time to time. For reference purposes only, such term is also defined in Section 27-1-36-4 of the Indiana Code.

Authorized control level risk based capital means the number determined under the risk−based capital formula in accor- dance with the risk based capital instructions.

Authorized control level risk based capital means, at any time and as to any Insurance Subsidiary, the amount of "Authorized Control Level Risk-Based Capital" as set forth or reflected on the most recent Annual Statement or Quarterly Statement of such Insurance Subsidiary, prepared in accordance with statutory accounting principles.

Authorized control level risk based capital have the meanings attributed thereto in Section 00-00-000 of the Tennessee Code Annotated (or, if the Company is no longer domiciled in the state of Tennessee, the equivalent statutes and regulations in its then-current jurisdiction of domicile) as the same may be modified, supplemented or amended from time to time.