Examples of Reliance Standard Insurance Companies in a sentence
The Statutory Financial Statements fairly present the financial condition, the results of operations, changes in equity and changes in financial position of each of the Reliance Standard Insurance Companies and Safety National as of and for the respective dates and periods indicated therein in accordance with SAP applied on a consistent basis.
All books of account of the Reliance Standard Insurance Companies and Safety National fully and fairly disclose, in all material respects, all of the transactions, properties, assets, investments, liabilities and obligations of the Reliance Standard Insurance Companies and Safety National and all of such books of account are in the possession of each of the Reliance Standard Insurance Companies and Safety National and are true, correct and complete in all material respects.
Schedule 7.26 indicates that line or lines of insurance which each of the Reliance Standard Insurance Companies, Safety National and such Acquired Person are permitted to be engaged in with respect to each License therein listed.
Schedule 7.26 lists all of the jurisdictions in which each of the Reliance Standard Insurance Companies, Safety National, and after consummation of any other Acquisition permitted by this Agreement, each Acquired Person (to the extent applicable) hold licenses (including, without limitation, licenses or certificates of authority from applicable insurance departments), permits or authorizations to transact insurance and reinsurance business (collectively, the "Licenses").
The Reliance Standard Insurance Companies, Safety National and such Acquired Person do not transact any insurance business, directly or indirectly, in any state or jurisdiction other than those enumerated on Schedule 7.26, where such business requires any license, permit, governmental approval, consent or other authorization (other than those obtained).
Not, and not permit any of the Reliance Standard Insurance Companies, Safety National or any Acquired Person to, purchase books of insurance business with a purchase price which, when aggregated with the purchase price for all other books of business and for assets and capital stock purchases pursuant to Section 9.2(b), taken in the aggregate from and after December 5, 1996, exceeds thirty percent (30%) of the Consolidated Equity of the Borrower, determined as provided in Section 9.2(b).
To the maximum extent permitted by law, without necessitating approval of the Department, cause each of the Reliance Standard Insurance Companies and Safety National to make dividends or principal or interest payments on surplus debentures to the Borrower, RSL-Texas, RSL or SIG Holdings, as applicable, to the extent necessary to satisfy the Liabilities.
Except as set forth on Schedule 7.27, any Reinsurance Agreement pursuant to which the Borrower or any of the Reliance Standard Insurance Companies or Safety National cede any liabilities as to which the failure of such reinsurer to perform its obligations thereunder could reasonably be expected to have a Material Adverse Effect shall be with responsible reinsurers rated "A-" or better by A.M. Best Company or with reinsurers reasonably acceptable to the Required Lenders.
Except as set forth on Schedule 7.6, no dividends or other distributions have been declared, paid or made upon any shares of capital stock of any of the Reliance Standard Insurance Companies or Safety National nor have any shares of capital stock of any of the Reliance Standard Insurance Companies or Safety National been redeemed, retired, purchased or otherwise acquired since December 31, 1995, other than as reflected in the balance sheets of the Reliance Standard Insurance Companies or Safety National.
Not permit any Investments to be made by any of the Reliance Standard Insurance Companies, Safety National or any Acquired Person (if an insurance company) other than in compliance with the Applicable Insurance Code(s) of each Reliance Standard Insurance Company’s, Safety National’s and such Acquired Person’s state of domicile or with the approval of the applicable Department.