Regulation 114 Trust definition

Regulation 114 Trust means a three way investment trust that (i) involves an agreement among a cedent, a financial institution and a non-admitted reinsurer governed by Regulation 114 of the Official Compilation of Codes, Rules and Regulations (11 NYCRR4) of the New York State Insurance Department, (ii) is maintained in the United States in an approved financial institution and (iii) is collateralized only by cash and cash equivalents, U.S. Treasury securities and/or fixed income securities rated “A” or higher.
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Regulation 114 Trust. All of the Investable Assets of the Regulation 114 Trust established pursuant to the Regulation Trust Agreement dated as of [ ], 2012 entered into by and among BAM (the “Beneficiary”), HG Re Ltd (the “Grantor”) and [trustee]. “Reinsurance Agreements” – The First Loss Reinsurance Treaty Agreement dated as of July 22, 2012. entered into by and between BAM and HG Re Ltd, and the Individual Credit Excess of Loss Facultative Reinsurance Treaty Agreement, dated as of January 15, 2020 (as they may be amended from time to time). “S&P” – Standard & Poor’s Rating Service. “Supplemental Trust” – All of the Investable Assets of the Supplemental Trust, established pursuant to the Supplemental Trust Agreement Agreement dated as of July 22, 2012 entered into by and among BAM (the “Beneficiary”), HG Re Ltd (the “Grantor”) and [trustee].
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Regulation 114 Trust means the trust established on July 11, 2003 by the Grantor for the benefit of the Ceding Insurer pursuant to Regulation 114 of the New York Insurance Department.
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Examples of Regulation 114 Trust in a sentence

  • To ensure compliance with the limitations set forth in Section 1404 of the New York Insurance Law, the Regulation 114 Trust Agreement, the Supplemental Trust Agreement and these Guidelines; and v.

  • The Grantor shall have the full and unqualified right to vote any shares of stock or other securities in the Regulation 114 Trust Account.

  • The Regulation 114 Trust Account shall be subject to withdrawal by the Beneficiary solely as provided herein.

  • The Grantor shall pay or reimburse the Trustee for all of the Trustee’s expenses and disbursements in connection with its duties under this Trust Agreement (including reasonable attorneys’ fees and expenses), except any such expense or disbursement as may arise from the Trustee’s negligence, willful misconduct, lack of good faith or failure to administer the Regulation 114 Trust Account in accordance with the terms of this Trust Agreement.

  • The Regulation 114 Trust Account and this Trust Agreement shall be effective until terminated by the provision of sixty (60) calendar days’ advance written notice sent to the Trustee jointly by the Grantor and the Beneficiary.

  • Investment Portfolio Guidelines for the Regulation 114 Trust and Supplemental Trust Scope The investment guidelines contained herein (“Guidelines”) apply to the following: i.

  • The Trustee hereby accepts the Regulation 114 Trust Account upon the terms set forth in this Trust Agreement.

  • In consideration for the assignment of the Assigned Interest as set forth herein, the Assignee agrees to contribute to the Regulation 114 Trust, on behalf of the Assignor and upon completion of the offering and sale of the Pass-Through Securities and the issuance and sale of the ABC Securities to the Pass-Through Trust and the Tax Matters Partner, the gross proceeds received by the Assignee from the issuance and sale of the ABC Securities, in immediately available funds.

  • The subscribed share capital of the Offeror on April 23, 2008, was R$ 7,425,506,000, and a paid-up capital of R$ 7,418,989,000 represented by 238,614,355 shares, corresponding to 107,063,093 common shares, 130,487,295 preferred shares class “A” and 1,063,967 preferred shares class “B”, all nominative shares, without par value.

  • All payments of interest, dividends and other income in respect to the Assets in the Regulation 114 Trust Account shall be promptly deposited into the Regulation 114 Trust Account.


More Definitions of Regulation 114 Trust

Regulation 114 Trust has the meaning set forth in the Declaration.
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Regulation 114 Trust. All of the Investable Assets of the Regulation 114 Trust established pursuant to the Regulation 114 Trust Agreement dated as of July 20, 2012 entered into by and among BAM (the “Beneficiary”), HG Re Ltd (the “Grantor”) and the Bank of New York Mellon (the "Trustee").
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Regulation 114 Trust has the meaning set forth in the Recitals.
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Regulation 114 Trust means the trust established on July 11, 2003 by the Grantor for the benefit of XL Reinsurance America, Inc. pursuant to Regulation 114 of the New York Insurance Department.
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Related to Regulation 114 Trust

  • Regulation A means Regulation A of the Federal Reserve Board as in effect from time to time.

  • Regulation CF means Regulation Crowdfunding promulgated under the Securities Act.

  • Regulation E includes specific rules for all parties involved governing the issuance and use of Debit Cards and the processing of On-line Debit Card Transactions.

  • Regulations D, T, U and X” means, respectively, Regulations D, T, U and X of the Board of Governors of the Federal Reserve System (or any successor), as the same may be modified and supplemented and in effect from time to time.

  • Regulation RR means Regulation RR (Credit Risk Retention) promulgated by the Securities and Exchange Commission to implement the credit risk retention requirements of Section 15G of the Securities Exchange Act.

  • Regulation Zone means any of those one or more geographic areas, each consisting of a combination of one or more Control Zone(s) as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, regulation service.

  • Regulations T, U and X” means Regulations T, U and X, respectively, of the Federal Reserve Board, and any successor regulations.

  • Regulation G means Regulation G of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof.

  • EU Securitization Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of December 12, 2017.

  • Federal Book-Entry Regulations means 31 C.F.R. Part 357 et seq. (Department of Treasury).

  • Regulation T, U or X means Regulation T, U or X, respectively, of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof.

  • Regulation Y means Regulation Y of the Board of Governors of the Federal Reserve System, as the same may be in effect from time to time, and any successor regulations.

  • Investment Company Act of 1940 means the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.

  • Qualified United States financial institution means an institution that:

  • Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation.

  • AIFM Regulation means Commission Delegated Regulation (EU) No. 231/2013.

  • UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law as “retained EU law” by operation of the EUWA and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.

  • 2012 Act means the Health and Social Care Act 2012;

  • These regulations means 9VAC5-10 (General Definitions) through 9VAC5-80 (Permits for Stationary Sources).

  • Securities Transfer Act means the Securities Transfer Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act.

  • Federal Reserve Act means the Federal Reserve Act, as amended.

  • National Register of Historic Places means the list of districts, sites, buildings, structures and objects significant in American history, architecture, archaeology, engineering and culture, authorized by the National Historic Preservation Act of 1966, as amended, and administered by the U.S. Department of the Interior, National Park Service. The list of Properties on the National Register of Historic Places in Florida is available from the Division.

  • Appropriate Federal Banking Agency means the “appropriate Federal banking agency” with respect to the Corporation as defined in Section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(q)), or any successor provision.

  • Plan Asset Regulations means 29 CFR § 2510.3-101 et seq., as modified by Section 3(42) of ERISA, as amended from time to time.