Examples of Safety National 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.
Safety National Casualty Corporation (Incorporated in Missouri), a subsidiary of SIG Holdings, Inc.
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 permit the Risk-Based Capital Ratio of RSL to fall below 200% and not permit the Risk-Based Capital Ratio of Safety National to fall below 110%.
Not cease to own, directly or indirectly, free and clear of all Liens, (a) 100% of the outstanding shares of voting stock of RSL on a fully diluted basis and (b) 100% of the outstanding shares of voting stock and voting power of Safety National on a fully diluted basis.
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.
Not permit the Risk-Based Capital Ratio of Safety National (calculated as if Safety National's excess workers' compensation premiums were reported under the workers' compensation line of business for purposes of calculating Safety National's Risk Based Capital Ratio) to fall below 200%.
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).