Illinois SAP definition
Illinois SAP means the statutory accounting principles prescribed or permitted by the Commissioner of Insurance of the State of Illinois but disregarding any permitted practices applicable to the Reinsurer, other than those of general applicability to life insurers.
Illinois SAP means statutory accounting procedures and practices prescribed or permitted by the Director of Insurance of the State of Illinois.
Illinois SAP means the statutory accounting principles and procedures applicable under Applicable Law and the rules, regulations and practices prescribed or permitted by the Governmental Authority relating thereto.