Reserve liabilities definition

Reserve liabilities means those liabilities which are required to be established by an insurer for all

Reserve liabilities means those liabilities which are required to be established by an insurer for all of its outstanding insurance policies, annuity contracts, benefit contracts and subscription contracts, in accordance with this title, as amended or as hereafter amended.

Reserve liabilities shall have the meaning ascribed to it in SECTION 3.9 hereof.

Examples of Reserve liabilities in a sentence

• Each Insurance Company owns assets which qualify as admitted assets under applicable state insurance Legal Requirements in an amount at least equal to the sum of all of its Insurance Reserve Liabilities and minimum statutory capital and Insurance Surplus reflected on the latest SAP Financial Statements.

• Adequate provision for such Insurance Reserve Liabilities has been made (under generally accepted actuarial principles consistently applied) to cover the total amount of all reasonably anticipated matured and unmatured benefits, dividends, claims and other liabilities of the Insurance Companies under all Insurance Contracts and Reinsurance Contracts on the date of such SAP Financial Statement based on then current information that forms a reasonable basis for such determination.

• Each of the Insurance Companies owns assets that qualify as legal reserve assets under applicable insurance Legal Requirements in an amount at least equal to all of such Insurance Company’s Insurance Reserve Liabilities.

• The Reserve Liabilities as of June 30, 1996 and September 21, 1996 have been calculated in the manner reflected on Schedule 3.17(a) attached hereto.

• On and after the Closing, Retail Sub shall agree to indemnify Seller for its Liabilities under such Seller employee benefit plans, Liabilities under Section 2.3(b)(ix) and (x) and Liabilities for Taxes (other than income Taxes) as would be reflected as a current liability on Seller's balance sheet (collectively "Reserve Liabilities").

More Definitions of Reserve liabilities

Reserve liabilities means the liabilities that

Reserve liabilities means the liabilities that an insurer is required under this code to establish for all of the insurer's outstanding insurance policies. (V.T.I.C. Art. 21.39-A, Sec. 4.)

Reserve liabilities means the liabilities that an insurer is required under this code to establish for all of the insurer's outstanding insurance policies.

Reserve liabilities is defined in Section 2.13.

Reserve liabilities is defined in Section 3.8.

Reserve liabilities means all reserves and other liabilities with respect to insurance and reinsurance and for claims and benefits incurred but not reported, as established or reflected in the SAP Statements.

Reserve liabilities means those liabilities that are required to be established by an insurer for all of its outstanding insurance policies in accordance with this Chapter and G.S. 57-8.