Fully funded means, with respect to any exposure attributed to a protected cell, that the fair value of the protected cell assets, on the date on which the insurance securitization is effected, equals or exceeds the maximum possible exposure attributable to the protected cell with respect to such exposures.

Fully funded means a funded ratio of at least one hundred percent using the most recent actuarial valuation. For purposes of this subsection, “funded ratio” means the ratio produced by dividing the lesser of the actuarial value of the system’s assets or the market value of the system’s assets, by the system’s actuarial liabilities, using the actuarial method adopted by the investment board pursuant to section 97B.8A, subsection 3.

Fully funded means that, with respect to an SPRV contract, the fair value of the assets held in trust by or on behalf of the SPRV under the SPRV contract on the date on which the SPRV contract is effected, equals or exceeds the aggregate limit as defined in this Article. "Indemnity trigger" means a transaction term by which the SPRV's obligation to pay the ceding insurer for losses covered by an SPRV contract is triggered by the ceding insurer incurring a specified level of losses. "Insolvency" or "insolvent" means that the SPRV is unable to pay its obligations when they are due, unless those obligations are the subject of a bona fide dispute. "Non-indemnity trigger" means a transaction term by which the SPRV's obligation to pay the ceding insurer under an SPRV contract arises from the occurrence or existence of some event or condition other than the ceding insurer incurring a specified level of losses under its insurance or reinsurance contracts. "Permitted investments" means those investments that meet the qualifications set forth in Section 179E-85. "Qualified U.S. financial institution" means, for purposes of meeting the requirements of a trustee under this Article, a financial institution that is eligible to act as a fiduciary of a trust, and that is: (1) organized or, in the case of a U.S. branch or

Examples of Fully funded in a sentence

Fully funded renewal of all Section 8 contracts and made $144 million available for incremental vouchers for public housing agencies that have at least a 97 percent occupancy rate.
Fully funded" means, with respect to a special purpose reinsurance vehicle contract, that the fair value of the assets under the control of the ceding insurer or held in trust for the benefit of the ceding insurer under the special purpose reinsurance vehicle contract on the date on which the special purpose reinsurance vehicle contract is effected, equals or exceeds the aggregate limit as defined in subsection 1.[PL 2007, c.
Fully funded scholars should not normally need to apply to the Trust for exceptional funding as maintenance payments are calculated to meet living costs whilst studying.
Fully funded grantees may request up to the dollar and MSY amounts they were granted for the continuation year for which they are applying.
Fully funded is when the actual or projected reserve balance is equal to the fully funded balance.It should be noted that, in certain jurisdictions, there may be statutory funding requirements that would dictate the funding requirements.

More Definitions of Fully funded

Fully funded means that, with respect to a SPRV contract, the fair value of the assets held in trust by or on behalf of the SPRV under the SPRV contract on the date on which the SPRV contract is effected, equals or exceeds the aggregate limit as defined in this chapter.

Fully funded means that, with respect to any exposure

Fully funded means, as at the time of the future compulsory transfer of employment, an actuarial basis which is no less favourable than that applied in the calculation of, as appropriate, Transfer Amount One or, if greater, Required Transfer Amount One or Transfer Amount Two or, if greater, Required Transfer Amount Two as at the Commencement Date, according to, and calculated using the method and assumptions set out in, the [*** PCSPS Actuary’s Letter ***] or the Supplier’s Actuary’s Letter, as appropriate.

Fully funded means that the applicant seeking certification can demonstrate that it has assets that equal or exceed 75% of the total

Fully funded as used in this section means that an Employer's GASB Actuary has determined that the market value of assets in the Retiree Health Care Trust Fund equals or exceeds the Actuarial Accrued Liability.

Fully funded has the meaning set forth in Section 6.02(c)(i)(A) of this TMA.