Contingency Reserve definition

Contingency Reserve means the reserve established for the protection of policyholders against the effect of losses result- ing from adverse economic cycles.

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Contingency Reserve means a reserve established for the protection of policyholders covered by policies insuring munici- pal bonds against the effect of excessive losses occurring during adverse economic cycles.

Contingency Reserve means the sum of all assets minus the sum of all liabilities of a health care corporation, as shown in the annual financial statement filed under section 602.

Examples of Contingency Reserve in a sentence

• Specific cases (grant) Contingency reserve — If provided in the Grant Agreement, the maximum grant amount can be raised, at the end of the action, in order to activate the contingency reserve.

• Contingency reserve per HomeStyle Renovation requirements is mandatory for • all Mortgages with LTVs of 95% or more, and • all Mortgages secured by 2-4 unit properties, regardless of LTV.

• Contingency reserve fund or organization as operating practices thru the articles of organization or operating agreement massa has been incurred during the operating its plain meaning.

• Contingency reserve – SAMMI may retain from any uncommitted funds an amount not to exceed 20 percent of the current fiscal year’s projected revenues as a contingency reserve to meet unexpected convention-related costs arising from unforeseen events, declining economic conditions, natural disasters and other public emergencies.

• If a Participating Unit is sold, then this Agreement shall, subject to Article IX C, automatically terminate with respect to that Participating Unit, unless the purchaser notifies the Manager in writing prior to possession of his intention to continue to have this Agreement apply, and within thirty (30) days after the effective date of the sale, delivers to the Manager a fully executed counterpart copy of this Agreement and his required Contingency reserve Surplus and any other funding requirements.

More Definitions of Contingency Reserve

Contingency Reserve means an additional premium reserve established to protect policyholders against the effect of adverse economic cycles.

Contingency Reserve estimating funds necessary to cover any reasonably anticipated capital and operating expenditures in excess of the Annual Plan;

Contingency Reserve means the reserve established under ORS 238.670(1).

Contingency Reserve means accruals (other than de minimis accruals) for matters of a contingent nature that are generally infrequent or unusual and not in the ordinary course of the Borrower’s or its Subsidiaries’ businesses, excluding reserves for the Borrower’s and its Subsidiaries’ workers’ compensation and bodily injury and property damage programs.

Contingency Reserve means an additional liability reserve established to protect policyholders against the effects of adverse economic developments or cycles or other unforeseen circumstances.

Contingency Reserve means contingency reserve as defined in Section 6903 (a) of the New York Insurance Law.

Contingency Reserve means an additional losspremiumpremium reserve, computed on the basis of premiums earned, established to protect policyholders against the effect of adverse economic cycles.