RBC Reporting Deadline definition
Examples of RBC Reporting Deadline in a sentence
Any publicly available filing with the applicable regulator of the Reinsurer’s state of domicile by the RBC Reporting Deadline of the calculation of the Floating RBC Ratio and Fixed RBC Ratio shall be deemed providing such calculation to the Ceding Company and shall, accordingly, satisfy the first sentence of this Section 3.7(c).
The term "RBC Reporting Deadline" shall mean, as of any date, the date that is either: (i) sixty (60) calendar days after the end of each calendar year, or (ii) forty-five (45) calendar days after the end of any calendar quarter other than the calendar quarter ending on December 31.
The Reinsurer’s RBC Ratio as of any quarter-end is below 175% and the Reinsurer has not cured such shortfall within thirty (30) days following the applicable RBC Reporting Deadline.
Following the occurrence of a Triggering Event, the Grantor shall ensure that the Assets in the Reserve Trust Account have an aggregate Fair Market Value at least equal to the Required Balance within five (5) Business Days following the applicable RBC Reporting Deadline related to such Triggering Event.