Iowa SAP definition

Iowa SAP means the statutory accounting principles and practices prescribed or permitted by the Iowa Insurance Division.
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Iowa SAP means the statutory accounting principles and practices prescribed or permitted for Iowa life insurance companies by the Iowa Insurance Division, consistently applied by the Ceding Company; provided, that, for the avoidance of doubt, Iowa SAP as applied by the Ceding Company shall include the methodology for calculating indexed annuity product reserves set forth in Iowa Administrative Code Chapter 191-97 to the extent applicable.
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Iowa SAP means the statutory accounting principles and practices prescribed or permitted by the Iowa Insurance Division. “Non-Guaranteed Elements” means the index cap rates, expense charges, and administrative expense risk charges, as applicable, under the Policies. “Person” means any individual, corporation, partnership, limited liability company, limited liability partnership, firm, joint venture, association, joint-stock company, trust, unincorporated organization, governmental, judicial or regulatory body, business unit, division or other entity of any kind or nature. “Policies” means all of the Company’s individual registered index annuity contracts identified on Schedule A (Covered Policies) , together with all supplementary contracts (including applications therefore and all endorsements, riders and agreements issued in connection therewith). “Quarterly Accounting” shall mean a quarterly accounting, or more frequently as mutually agreed to by the parties, prepared in accordance with Iowa SAP and prepared by the Company in accordance with the provisions of Section 5.1 hereof. “Reinsured Liabilities” means the General Account Liabilities, the Risk Control Separate Account Liabilities, the Declared Rate Separate Account liabilities and the Variable Separate Account Liabilities. “Reinsurer” shall have the meaning set forth in the preamble hereof. “Reinsurer’s Separate Account” means the insulated, non-unitized separate account(s) established and maintained by the Reinsurer for the purposes of holding assets and reserves ceded directly from the Company’s Risk Control Separate Account(s) and Declared Rate Separate Account pursuant hereto. “Risk Control Separate Account” means the insulated, non-unitized separate account(s) established and maintained by the Company pertaining to the Policies which account is linked to the performance of one or more equity indices and is not registered as a unit investment trust under the Investment Company Act of 1940. “Risk Control Separate Account Assets” means the assets held in the Risk Control Separate Account(s). “Risk Control Separate Account Liabilities” means for the Risk Control Separate Account(s), all liabilities, reserves, obligations, costs and expenses relating to, based upon or arising out of the Policies, and relating to the Risk Control Separate Account Assets, provided, however, that the Risk Control Separate Account Liabilities shall not include the General Account Liabilities Declared Rate Separate Account Liab...
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Examples of Iowa SAP in a sentence

  • The Ceding Company shall prepare its financial statements as required by, and in accordance with, Iowa SAP.

  • Except as required by Applicable Law or changes in Iowa SAP, following the Closing Ceding Company shall not change, amend, alter or otherwise modify (a) the terms and conditions of any of the Annuity Contracts (including the addition or elimination of any new investment options under the Variable Annuity Contracts) or (b) any of the assumptions or methodologies used to establish the reserves applicable to the Annuity Contracts.

  • In accordance with Iowa SAP, the Ceding Company elects to cede all capital gains and losses in respect of the assets maintained in the Modco Account to the Reinsurer on a gross basis.

Related to Iowa SAP

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • California Renewables Portfolio Standard means the renewable energy program and policies established by California State Senate Bills 1038 and 1078, codified in California Public Utilities Code Sections 399.11 through 399.20 and California Public Resources Code Sections 25740 through 25751, as such provisions are amended or supplemented from time to time.

  • Public Service Commission means the Public Service Commission constituted under this Constitution;

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • SSAP means a sporting sanctions appeal panel to be appointed to determine an appeal against a deduction of points under Rule 13.

  • Health and Safety Plan means a documented plan which addresses hazards identified and includes safe work procedures to mitigate, reduce or control the hazards identified;

  • Acid Rain Program means the sulfur dioxide and nitrogen oxides air pollution control program established pursuant to Title IV of the Act under 40 CFR Parts 72-78.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Resource recovery means the recovery of material or energy from solid waste.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Chain pharmacy warehouse means a physical location for prescription drugs that acts as a central warehouse and performs intracompany sales or transfers of the prescription drugs to a group of chain pharmacies that have the same common ownership and control.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • State Water Control Law means Chapter 3.1 (§ 62.1-44.2 et seq.) of Title 62.1 of the Code of Virginia.

  • CAISO Global Resource ID means the number or name assigned by the CAISO to the CAISO-Approved Meter.

  • Resource recovery facility means a solid waste facility

  • Storm water management plan means a comprehensive plan designed to reduce the discharge of pollutants from storm water after the site has under gone final stabilization following completion of the construction activity.

  • Applicable Insurance Regulatory Authority means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in the state in which such Insurance Subsidiary is domiciled.

  • Code of Good Practice means the generic codes or the sector codes as the case may be;

  • SAP means the SAP entity that has entered into this Agreement, as well its Affiliates.

  • Case plan means a written document developed by the PCSA, PCPA or Title IV-E agency and the family which identifies strengths of the family, concerns to be resolved and supportive services to be provided which will result in ensuring permanence for the child.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Community practice protocol means a written, executed agreement entered into voluntarily between an authorized pharmacist and a physician establishing drug therapy management for one or more of the pharmacist’s and physician’s patients residing in a community setting. A community practice protocol shall comply with the requirements of subrule 8.34(2).

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • Electric public utility means a public utility, as that term is

  • SAP SDK means SAP software development kit that includes tools such as APIs, source code, redistributable files and instructions. “Software” means SAP Group Software as well as Third Party Software.