Repetitive loss structures definition

Repetitive loss structures means structures that have suffered two or more occurrences of damage due to flooding and which have received payouts from the National Flood Insurance Program as a result of those occurrences.
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Examples of Repetitive loss structures in a sentence

  • Repetitive loss structures are those that have sustained two or more losses, each exceeding $1000, within a ten year period.

  • Nance (1)(2)(3)(4)(6)(7) Director 69 Fiscal 2013 Annual MeetingClass C Director: John C.

  • Repetitive loss structures are those that have suffered damage from repeated hazard events.

  • Repetitive loss structures are also depicted on all risk assessment maps (Attachments c2- 26 through c2-26.4).

  • First - Repetitive loss structures: Properties that have received multiple payouts from the NFIP.

  • Michigan State Board of Education Policy On Offering Healthy Food And Beverages InVenues Outside Of The Federally Regulated Child Nutrition Programs, December 2003.http://www.michigan.gov/documents/Healthy_Foods_AttchmtA_12_9_83141_7.pdfThe District shall monitor food service distributors and snack vendors to ensure that they provide predominantly healthy food and beverage choices that comply with this policy’s purpose in all venues.

  • Repetitive loss structures represent only about two percent of the properties covered by flood insurance policies, but they accounted for 25% of the losses paid and 40% of the total dollars paid from the Flood Insurance Fund between 1978 and 1995 (NWF 1998).

  • Repetitive loss structures The County Floodplain Administrator may declare any structure as a repetitive loss structure as required to qualify the structure for increased cost of compliance benefits allowed in the National Flood Insurance Program.

  • Repetitive loss structures include any currently insured building with two or more flood losses (occurring more than 10 days apart) greater than $1,000 in any 10-year period since 1978.Infrastructure Impact According to Henry County’s GIS data, there are a total of 423 structures in Henry County considered to be at-risk due to 100-year flooding.

  • Repetitive loss structures are defined as a National Flood Insurance Program (NFIP)-insured structure that has had at least two paid flood losses of more than $1,000 each in any 10-year period since 1978152.Repetitive loss structures are troublesome because they continue to expose lives and valuable property to the flooding hazard.

Related to Repetitive loss structures

  • First Loss Tranche means the dollar amount of liability that the Assuming Bank will incur prior to the commencement of loss sharing, which is the sum of (i) the Assuming Bank’s asset premium (discount) bid, as reflected on the Assuming Bank’s bid form, plus (ii) the Assuming Bank’s Deposit premium bid, as reflected on the Assuming Bank’s bid form, plus (iii) the Equity Adjustment. The First Loss Tranche may be a positive or negative number.

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

  • Consolidated Net Tangible Assets means the total assets of the Company and its Restricted Subsidiaries (less applicable depreciation, amortization, and other valuation reserves), less all current liabilities (excluding intercompany liabilities) and all intangible assets of the Company and its Restricted Subsidiaries, all as set forth on the most recent consolidated balance sheet of the Company and its Restricted Subsidiaries, prepared in accordance with GAAP.

  • single applicant means an applicant who neither has a partner nor is a lone parent;

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Cumulative Net Loss Test With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage December 2015 to November 2016 0.10% December 2016 to November 2017 0.20% December 2017 to November 2018 0.30% December 2018 to November 2019 0.40% December 2019 to November 2020 0.50% December 2020 to November 2021 0.60% December 2021 to November 2022 0.70% December 2022 to November 2023 0.80% December 2023 to November 2024 0.90% December 2024 to November 2025 1.00% December 2025 to September 2026 1.10% October 2026 to November 2027 1.20% December 2027 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.