Policyholder surplus definition

Policyholder surplus means capital and surplus.
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Policyholder surplus means, with respect to any Insurance Subsidiary, the policyholder surplus of such Insurance Subsidiary determined in accordance with SAP (as reflected in line 35 of the “Liabilities, Surplus and Other Funds” page of the most recent Statutory Statement filed with the domiciliary Insurance Regulator of such Insurance Subsidiary).
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Policyholder surplus of any Person shall mean, at any time, the consolidated policyholders' surplus (determined on a consolidated basis without duplication in accordance with SAP) of such Person and its consolidated Subsidiaries at such time (but excluding therefrom the effect of any unrealized gains and losses from the marketable securities portfolio of such Person and its consolidated Subsidiaries).
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Examples of Policyholder surplus in a sentence

  • Policyholder surplus decreases more than ten percent in any calendar year.

  • Policyholder surplus is referred to as “net worth” or “owners equity” in other industries.

  • Policyholder surplus increased by $109M over the past nine months.

  • Policyholder surplus for 2006 was $423.1 billion at the beginning of the year, a return on equity of 20 percent.13 This aggregate data actually understates industry-wide returns on equity for several reasons: 1.

  • Policyholder surplus reserves with loss-absorbing capacity refer to funds allocated to the policyholders that can be used by the shareholders, which, under certain conditions, may require regulatory approval.

  • Policyholder surplus is recognized under liability for incurred claims within insurance contract liabilities with the corresponding effect recorded under insurance service expenses.

  • Policyholder surplus accountingThe Company does not make any allowance for surplus distribution when determining onerosity.

  • Policyholder surplus is effectively the net worth of the industry and reflects claims paying capacity and is a proxy for the supply of insurance available in the market.

  • Policyholder surplus has increased from $21,297,357 as of December 31, 2012, to $24,456,363 as of year-end 2017.The current examination resulted in two recommendations and no adjustments to surplus.IX.

  • However, the word ‘permanent’ does not in fact appear in the paragraph of PPS10 referred to.


More Definitions of Policyholder surplus

Policyholder surplus as to any Insurance Subsidiary of the -------------------- Borrower, as of any date the total amount of surplus as regards policyholders shown on line 27, page 3, column 1 of the 1998 Annual Statement (or any similar line, page and column reference in any subsequent Annual Statement), or an amount determined in a consistent manner for any date other than the one as of which an Annual Statement is prepared.
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Related to Policyholder surplus

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.