Examples of Program liability in a sentence
Program liability insurance is maintained, unless an exception, per Section 404.3 of Title 10 of the Oklahoma Statutes, Oklahoma Child Care Facilities Licensing Act, is posted per OAC 340:110-3-281.1.
In accordance with Statement of Federal Financial Accounting Standards (SFFAS) No. 51, Insurance Programs, the Insurance Program liability represents the liability for unearned premiums and fees, claims incurred but not reported, claims submitted but not yet paid, and estimated losses on remaining coverage.
The Insurance Program liability represents claims incurred but not reported, resulting from insured events that have occurred as of the reporting date and from claims submitted but not yet paid.
To achieve this, the Fund is divided into two segments: Liability and Actuarial Reserve.The liability segment employs a liability driven investment strategy that (1) mitigates the risk of funding status deficiency and (2) maintains appropriate liquidity to address projected Program liability cash flows.The actuarial reserve segment is invested to seek incremental yield within appropriate risk levels.
In response to two comments,‘‘enforcement action’’ is defined in§ 933.1(l) of the final rule to excludeboard of directors’ resolutions adopted by applicants in response toexamination weaknesses identified by the regulator.Under § 933.11(a)(5), the Bank alsomust obtain and review any other relevant document or informationconcerning the applicant that comes to the Bank’s attention in reviewing theapplicant’s financial condition.
The average age of the VER members is approximately 79 so the expected time horizon for the VER Program liability is considerably shorter than for the TUFA Plan.
At December 31, 2013, $101 million of our net Integration Program liability was recorded within other current liabilities and $44 million, primarily related to leased facilities no longer in use, was recorded within other long-term liabilities.
As a result, the Office of the Comptroller believes it is appropriate to include this $1.44 billion Group Health Insurance Program liability as an appropriation shortfall since additional GRF appropriations would be required to pay down the liability.
The Courtelis Facilities Matching Gift Program liability represents private money raised to support the construction of the USF Health Major Renovation/Remodeling/Addition, USF Health North Clinic, USF Joint Military Science Leadership Center, USF Byrd Alzheimer’s Institute, USF Health Nursing Expansion, and the College of The Arts Music Building.
By utilizing your Program liability, damage, and loss arising out of any claims, suits, orwhere applicable.