SAP Financial Statements definition

SAP Financial Statements shall have the meaning set forth in Section 3.5(d).
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SAP Financial Statements has the meaning set forth in Section 4.6(d).
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SAP Financial Statements means the financial statements of the Obligor which have been submitted or are required to be submitted to the Applicable Insurance Regulatory Authority.
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Examples of SAP Financial Statements in a sentence

  • Each of the SAP Financial Statements fairly presents in all material respects the results of operations of the applicable Insurance Company for the period therein set forth, in each case in accordance with SAP.

  • 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.

  • The schedules included in the SAP Financial Statements, when considered in relation to the basic statutory financial statements included therein, present fairly in all material respects the information shown therein.

  • Each of the SAP Financial Statements was correct in all material respects when filed and did not omit to state any material facts required to be stated or necessary in order to make the SAP Financial Statements not misleading.

  • Adequate provision has been made for all estimated losses, settlements, costs and expenses from pending suits, actions and proceedings contemplated by the SAP Financial Statements.


More Definitions of SAP Financial Statements

SAP Financial Statements means, for each Insurance Subsidiary, the financial statements which have been submitted or are required to be submitted to the applicable Insurance Commissioner.
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SAP Financial Statements means the audited annual and unaudited quarterly convention statements filed with the domiciliary state insurance departments of each Insurance Company.
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SAP Financial Statements means balance sheets and related statements of income and statements of change in capital and surplus and cash flows,
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SAP Financial Statements shall have the meaning set forth in Section 16.01(j).
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SAP Financial Statements has the meaning set forth in Section 2.6(a).
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SAP Financial Statements means the financial statements of an Obligor which have been submitted or are required to be submitted to the Applicable Insurance Regulatory Authority. S&P shall mean Standard & Poor's Rating Services, a division of The McGraw Hill Companies, Inc. or any successor thereto.
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SAP Financial Statements means the Statutory Annual Financial Statements and the Statutory Quarterly Financial Statements required by Insurance Law Section 307 and Section 308 and N.Y.C.R.R. Sections 83.1 to 83.4. Secured Claim
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