Independent Actuary definition

Independent Actuary has the meaning set forth in Section 6.18(b)(v).

Independent Actuary has the meaning set forth in Section 8.3(a).

Independent Actuary means a member in good standing of the

Examples of Independent Actuary in a sentence

• All fees and expenses relating to the work of the Independent Accounting Firm and the Independent Actuary shall be paid by the Party (that is, the Ceding Company or the Reinsurer) whose position with respect to the matter in dispute is furthest from the Independent Accounting Firm’s or Independent Actuary’s, as applicable, final determination.

• Neither the Company nor any of its Subsidiaries or controlled Affiliates owns or controls, directly or indirectly, five percent (5%) or more of the outstanding shares of any class of voting securities or twenty-five percent (25%) or more of the total equity of a bank or any entity that is subject to the BHCA or to regulation by the Federal Reserve.

• The fees and expenses of such Independent Actuary will be borne equally by the Parties; provided, that if the Independent Actuary determines that the Valuation Methodology shall be modified as proposed by the Ceding Company, the Reinsurer will pay or promptly reimburse the Ceding Company for all fees and expenses of the Independent Actuary.

• The fees and expenses of the Independent Actuary will be borne equally by the Ceding Company and the Reinsurer; provided, that if the Independent Actuary determines that there will not be a material adverse effect, the Reinsurer will pay or promptly reimburse the Ceding Company for all fees and expenses of the Independent Actuary.

• In the event that the Parties, acting in good faith, are unable to agree upon the existence or amount of such material adverse effect or how to put the Reinsurer in substantially the same economic position, such dispute shall be referred to an Independent Actuary to determine whether such a material adverse effect has occurred and, if so, an appropriate remedy.

More Definitions of Independent Actuary

Independent Actuary means Stewart Mitchell of Lane Clark & Peacock LLP, the independent actuary appointed to report on the terms of the Scheme, or any successor appointed to report on the Scheme;

Independent Actuary shall have the meaning set forth in Section 2.9(b)(ii).

Independent Actuary means an Actuary, holding a certificate of practice from the Actuarial Society of India and who has been appointed as such by the Company;

Independent Actuary means a member in good standing of the Casualty Actuarial Society or a member in good standing of the American Academy of Actuaries who has been identified by the Academy as meeting its qualification standards for signing casualty loss reserve opinions. Said actuary must not be an officer, director or employe of the fund or a member of the fund for which he or she is providing reports, certifications or services.

Independent Actuary has the meaning set forth in Section 4.3(e) of this Agreement.

Independent Actuary means Milliman USA’s Chicago office.

Independent Actuary means the independent actuary appointed by the parties from time to time, or, where the parties are unable to agree, the UK Institute and Faculty of Actuaries shall nominate the independent actuary;