Massachusetts SAP definition

Massachusetts SAP means the statutory accounting and actuarial principles and practices prescribed or permitted by the Insurance Division for Massachusetts domestic life insurance companies.
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Massachusetts SAP means the statutory accounting principles and practices prescribed by the Insurance Department of the Commonwealth of Massachusetts as applied on a basis consistent with those utilized in the preparation of Annual Statements for the 2002 fiscal year.
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Massachusetts SAP means the statutory accounting principles and practices prescribed or permitted by the Insurance Department of the Commonwealth of Massachusetts as applied on a basis consistent with those utilized in the preparation of 1996 Annual Statements of PRL and PRV.
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Examples of Massachusetts SAP in a sentence

  • Such data was computed in accordance with, as applicable, Massachusetts SAP in all material respects with the requirements of Section 2.01(b)A-D.

  • Within five days of the end of each full calendar month following the date hereof, Seller shall provide to Purchasers a monthly financial statement of the Notional Operating Account certified by the chief financial officer of each Seller that such statement reflects reinsurance accounting as currently required by Massachusetts SAP in all material respects.

  • Except with respect to net investment income, the data contained in the Pro Forma Financial Statements was obtained from the books and records of Sellers and is the same data that was included with respect to the Business in the statutory financial statements of Sellers and in Sellers' work papers upon which such Massachusetts SAP financial statements were based.