Required Level of Primary Security definition

Required Level of Primary Security means the dollar amount determined by applying the Actuarial Method to the risks ceded with respect to Covered Policies, but not more than the total reserve ceded.

Examples of Required Level of Primary Security in a sentence

  • They are capitalized there and in most references in the actuarial literature and will, accordingly, be capitalized in this section: Covered Policies, Grandfathered Policies, and Non-Covered Policies, defined in Question 25; Primary Security and Other Security, defined in Question 26; and Required Level of Primary Security and Actuarial Method, defined in Question 27.

  • For companies ceding Covered Policies under a non-exempt reinsurance arrangement, both AG 48 and the Reserve Financing Model Regulation require that a Required Level of Primary Security be determined using the Actuarial Method and an additional level of Other Security be determined as described therein, and state consequences for failing to hold the amounts so determined.

  • At least annually, the Human Resources Office will review these definitions to confirm they accurately reflect University practice and applicable law.

  • This results in the individual having to drive to multiple locations to vote in Federal and Navajo elections.

  • The methodology used to determine the Required Level of Primary Security, described in 211 CMR 46.06.

  • The methodology used to determine the Required Level of Primary Security, as described in Section 5 of this Actuarial Guideline.

  • In no event will the Required Level of Primary Security resulting from application of the Actuarial Method exceed the amount of statutory reserves ceded.

  • At and after the Operative Date of the Valuation Manual, the Actuarial Method to establish the Required Level of Primary Security shall be VM-20, including all relevant definitions, from the Valuation Manual as then in effect, without modification.

  • The methodology used to determine the Required Level of Primary Security, described in 211 CMR 59.05.

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