Examples of NAIC Annual Statement in a sentence
The term "Reserve Credit" means full statutory financial statement credit for the reinsurance ceded to the Grantor under the Reinsurance Agreement in the Beneficiary's NAIC Annual Statement Blank and in all statutory financial statements of the Beneficiary required to be filed with the Governmental Body charged with supervision of insurance companies in the State of Connecticut.
The term “dispute” shall be as defined consistent with the NAIC Annual Statement Instructions.
On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “Accrued for Expense Allowance Recognized in Reserves” (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10-year Treasury rate + 75 basis points] will be shown as a credit to the Company on the Accountings.
The term “Interest Maintenance Reserve,” as used in this Agreement, shall mean the interest maintenance reserve determined in accordance with Page 3, Column 1, Line 9.4 of the Ceding Company’s 2007 NAIC Annual Statement blank, with respect to the Segregated Asset Portfolio described in Schedule E.
These reports will contain sufficient information about the Annuities to enable the Reinsurer to prepare its annual financial reports and to verify information reported in Schedule C and will include entries for Schedule S of the NAIC Annual Statement blank.