Group Supervision Rules definition

Group Supervision Rules means the Bermuda Insurance (Group Supervision) Rules 2011, as those rules and regulations may be amended or replaced from time to time.
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Group Supervision Rules the Insurance (Group Supervision) Rules 2011 of Bermuda, as those rules may be amended from time to time.
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Group Supervision Rules means the Bermuda Insurance (Group Supervision) Rules 2011, as those rules and regulations may be amended or replaced from time to time. “Insurance Act” means the Bermuda Insurance Xxx 0000, as amended from time to time.
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Examples of Group Supervision Rules in a sentence

  • This report was produced in accordance with the requirements set out in the Insurance (Public Disclosure) Rules 2015 and in the Insurance (Group Supervision) Rules 2011 (collectively “the Rules”).

  • This instrument has no approval for Argo Re. The Bermuda Monetary Authority recognized these legacy hybrid capital instruments under Insurance (Group Supervision) Rules 2011 and the Insurance (Eligible Capital) Rules 2012.

  • Prior to the Merger, ESIL together with its affiliates and Endurance were registered with the Bermuda Monetary Authority as the Endurance Group for the purposes of the supervision requirements of the Insurance (Group Supervision) Rules 2011.

  • This Financial Condition Report (FCR) is based on Rules 30 to 32 of the Bermuda Monetary Authority’s (BMA) Insurance (Group Supervision) Rules 2011 which came into effect on January 1, 2016.

  • Established in 1993, the Group has offices located worldwide, including Bermuda, Canada, Ireland, Singapore, Switzerland, the United Kingdom and the United States of America.This Financial Condition Report (FCR) is prepared in accordance with the Insurance (Public Disclosure) Rules 2015 and Insurance (Group Supervision) Rules 2011.

  • Oversight of those assumptions at the Group level is provided by the Group Valuation Actuary (who is also the Approved Actuary in line with the requirements of the BMA Group Supervision Rules).

  • As to general reporting requirements, for the purpose of this chapter we note that the IA and the Insurance Returns and Solvency Regulations, as well as the Insurance Group Supervision Rules establish a general framework for reporting to be submitted to the BMA.

  • How assets are invested by and on behalf of an insurance group in accordance with the prudent person principle as stated in paragraph 12 (1) (a) of the Insurance (Group Supervision) Rules 2011 The Group’s investments primarily comprise of managed funds, government bonds, high investment grade corporate bonds, common equity securities, preferred shares, bank deposits and derivatives.

  • Accordingly, the Authority, in the exercise of the powers conferred by the Insurance Act 1978 section 27F, is proposing to amend the Insurance (Group Supervision) Rules 2011 (Rules) to bring them in line with the requirements of the new Cyber Code, give certain sections greater clarity and make other changes to facilitate more effective administration of the Rules.

  • As to general reporting requirements, for the purpose of this chapter we note that the IA and the Insurance Returns and Solvency Regulations, as well as the proposed Insurance Group Supervision Rules establish a general framework for reporting to be submitted to the BMA.


More Definitions of Group Supervision Rules

Group Supervision Rules means the Bermuda Insurance (Group Supervision) Rules 2011, as those rules and regulations may be amended or replaced from time to time. (z) “Insurance Act” means the Bermuda Insurance Xxx 0000, as amended from time to time. (aa) “Insurance Group” means all of the subsidiaries of the Company that are regulated insurance or reinsurance companies (or part of such regulatory group) pursuant to the Applicable Supervisory Regulations. (bb) “Issue Date” means [●], 202[●], the initial date of issuance of the Series B Preference Shares. (cc) “Junior Shares” means any class or series of shares of the Company that ranks junior to the Series B Preference Shares either as to the payment of dividends or as to the distribution of assets upon any liquidation, dissolution or winding-up of the Company. As of the Issue Date, the Company’s Junior Shares outstanding consist of its Common Shares and its Series A Preference Shares. (dd) “Liquidation Preference” has the meaning specified in Section 6(b). (ee) “Memorandum of Association” means the memorandum of association of the Company, as it may be amended from time to time. (ff) “Nonpayment Event” has the meaning specified in Section 9(b). (gg) “Parity Shares” means any class or series of shares of the Company that ranks equally with the Series B Preference Shares as to the payment of dividends and as to the distribution of assets on any liquidation, dissolution or winding-up of the Company. As of the Issue Date, there are no Parity Shares of the Company outstanding. 4
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Group Supervision Rules means the Bermuda Insurance (Group Supervision) Rules 2011, as those rules and regulations may be amended or replaced from time to time. “Insurance Act” means the Bermuda Insurance Xxx 0000, as amended from time to time. “Insurance Group” means all subsidiaries of the Guarantor that are regulated insurance or reinsurance companies (or part of such regulatory group) pursuant to the Applicable Supervisory Regulations.
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Group Supervision Rules. “Insolvency Event,” “Insurance Group,” “Scheduled Maturity Date,” “Solvency Capital Requirement” and “Tier 2 Capital.” Interest Rate: From (and including) June 29, 2017 to (but excluding) June 29, 2027 at a rate per annum of 3.250%. From (and including) June 29, 2027 to (but excluding) the Final Maturity Date, at a rate per annum equal to three-month EURIBOR plus 2.900%. Interest Payment Dates: Interest on the notes will be payable annually in arrears on June 29 of each year, beginning on June 29, 2018 and ending on June 29, 2027. Thereafter, interest on the notes will be payable quarterly in arrears on March 29, June 29, September 29 and December 29 of each year, beginning on June 29, 2027 and continuing through the Final Maturity Date. Day Count: From (and including) June 29, 2017 to (but excluding) June 29, 2027, Actual/Actual (ICMA). From (and including) June 29, 2027 to (but excluding) the Final Maturity Date, Actual/360. Public Offering Price: 99.054% Reference Mid-swap: 10-year Euro Mid-swap Reference Mid-swap Rate: 0.713% Re-offer Spread vs. Mid-swap: 265 bps Benchmark Bund: 0.250% due February 15, 2027 Benchmark Bund Rate: 0.253% Re-Offer Spread vs. Benchmark Bund: 311.0 bps Net Proceeds (Before Expenses) to Issuer: €492,770,000 Optional Interest Deferral: The Issuer may defer interest payments on the subordinated notes, from time to time, for one or more periods, so long as no event of default or mandatory deferral event has occurred and is continuing. Any accrued interest, the payment of which is so deferred, so long as such interest remains unpaid, will constitute Arrears of Interest. During any optional deferral period, the Issuer and the Guarantor and their respective majority-owned subsidiaries will be restricted from making certain payments, as described in the “Description of the Subordinated Notes and Guarantee- Deferral of Interest Payments; Arrears of Interest-Limitation on Restricted Payments” in the prospectus supplement.
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Related to Group Supervision Rules

  • Group supervision means the process of clinical supervision of no more than six persons in a group setting provided by a qualified supervisor.

  • Mediation Rules As defined in Section 2.03(h)(i).

  • Auction Rules means the West Bengal Minor Mineral (Auction) Rules, 2016.

  • FSA Rules meanss the rules, guidance, principles and codes comprised in the Handbook of Rules and Guidance issued by the FSA. The parties understand and agree that such categorisation is not intended to, and does not, affect the relationship between and among the parties under the 1940 Act or the Advisers Act.

  • Arbitration Rules means the AAA’s Commercial Arbitration Rules and Mediation Procedures.

  • Risk Retention Rules means the joint final rule that was promulgated to implement the Risk Retention Requirements (which such joint final rule has been codified, inter alia, at 17 C.F.R. § 246), as such rule may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Commission and the Department of Housing and Urban Development in the adopting release (79 Fed. Reg. 77601 et seq.) or by the staff of any such agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from time to time as of the applicable compliance date specified therein.

  • Direct supervision means oversight at a distance within which:

  • Personal supervision means the dentist is physically present in the treatment room to oversee and direct all intraoral or chairside services of the dental assistant trainee and a licensee or registrant is physically present to oversee and direct all extraoral services of the dental assistant.

  • General supervision means supervision of a dental

  • UNCITRAL Arbitration Rules means the arbitration rules of the United Nations Commission on International Trade Law.

  • U.S. Risk Retention Rules means the federal interagency credit risk retention rules, codified at 17 C.F.R. Part 246.

  • Clinical supervision means direction or oversight provided either face to face or by videoconference or telephone by an individual qualified to evaluate, guide, and direct all behavioral health services provided by a licensee to assist the licensee to develop and improve the necessary knowledge, skills, techniques, and abilities to allow the licensee to engage in the practice of behavioral health ethically, safely, and competently.

  • FCA Rules means the Rules included within the FCA Handbook issued by the FCA.

  • Immediate supervision means under the physical and visual supervision of a pharmacist;

  • Applicable Supervisory Regulations means such insurance supervisory laws, rules and regulations relating to group supervision or the supervision of single insurance entities, as applicable, which are applicable to the Company or the Insurance Group, and which shall initially mean the Group Rules until such time when the BMA no longer has jurisdiction or responsibility to regulate the Company or the Insurance Group.

  • M&A Rules means the Provisions on Merging and Acquiring Domestic Enterprises by Foreign Investors, which was promulgated by six Governmental Agencies, namely, the Ministry of Commerce, the State-owned Assets Supervision and Administration Commission, the State Administration for Taxation, the State Administration for Industry and Commerce, the China Securities Regulatory Commission (the “CSRC”), and the State Administration of Foreign Exchange, on August 8, 2006 and became effective on September 8, 2006, as amended by the Ministry of Commerce on June 22, 2009.

  • traditional council ’ means a traditional council established for a recognised traditional community in accordance with the provisions of section 16 of the TKLA;

  • HKIAC Rules shall have the meaning ascribed to it in Section 10.13(a).

  • FCA Handbook means the FCA Handbook of Rules and Guidance as amended from time to time.

  • Site Rules means all rules, regulations, directives and policies notified by the Company from time to time which are intended to be of general application to persons at a Site controlled or managed by the Company.