Solvency Requirement definition

Solvency Requirement means the higher of (i) the solvency requirement, see section 124(2) of the Financial Business Act and (ii) an individual solvency requirement determined by the Danish Financial Supervisory Authority, see section 124(5) of the Danish Financial Business Act.
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Solvency Requirement means the higher of (i) the solvency requirement, cf. section 124(2) of the Financial Business Act, and (ii) an individual solvency requirement determined by the Danish Financial Supervisory Authority, cf. section 124(5) of the Financial Business Act.
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Solvency Requirement. , for the FNPF, means the solvency requirement in section 32;
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Examples of Solvency Requirement in a sentence

  • The Minimum Solvency Capital, which must be calculated for each Life Fund, is calculated as the excess (if any) of the Total Solvency Requirement over the sum of the Policy Liability plus Other Liabilities at the balance date.

  • With respect to Argo Group, the Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2012 provide for a phase-in over a period of six years, starting at 50% of the amount determined and increasing in 10% increments.

  • Although the Company has reduced its liabilities and received an equity infusion from its sole shareholder, the Company has been unable to meet its Solvency Requirement since Solvency II first came into effect in January 2016.

  • To be compliant with its Solvency Requirement, the Company would need sufficient assets to have a 99.5% probability of satisfying all of its creditor’s claims.

  • Every Class 3A insurer shall appoint an individual approved by the Authority under subsection (3) who is qualified as a loss reserve specialist, to provide an opinion in accordance with the requirements of Schedule XIV “Statutory Economic Balance Sheet” of the Insurance (Prudential Standards) (Class 3A Solvency Requirement) Rules 2011.

  • One proposal considered was a Minimum Solvency Requirement (MSR).

  • The Solvency Requirement is determined by considering the various risks undertaken in the statutory fund which could impact the security of the policy owners’ entitlements, and requiring the provision of a prudent level of reserve against such risks.

  • The EBS framework is now embedded in the Authority’s legislative and regulatory regime through the Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2015, the Insurance (Prudential Standards) Class 4 and 3B Solvency Requirement) Amendment Rules 2015, the Insurance (Prudential Standards) (Class 3A Solvency Requirement) Amendment Rules 2015, the Insurance (Prudential Standards) (Class C, Class D, Class E Solvency Requirement) Amendment Rules 2015.

  • In respect of the Variable Annuity business, the Total Solvency Requirement set out in paragraph 35 of the Solvency Standard for Life Insurance Business 2014 is replaced as follows.

  • If the Issuer's solvency does not exceed 110% of the Solvency Requirement following a full or partial Coupon payment ("Alternative Coupon Payment Event"), any Coupon payment shall be effected by issuing new Shares or delivering existing own Shares ("Interest Conversion Shares") to the Noteholders in proportion to their holding of Notes on the relevant Addition of Interest Date or a later date as determined in accordance with Clause31.4.1 (the "Interest Conversion Day").


More Definitions of Solvency Requirement

Solvency Requirement means the capital required by health insurance companies in India to meet the Solvency Ratio requirement set/ prescribed by the Authority, from time to time under the Applicable Law;
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Related to Solvency Requirement

  • Solvency Capital Requirement means the Solvency Capital Requirement or the group Solvency Capital Requirement (as applicable) referred to in, or any other capital requirement (other than the Minimum Capital Requirement) howsoever described in, the Relevant Rules;

  • Privacy Requirements shall have the meaning set forth in Section 3.19.

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.

  • Solvency II Regulation means Commission Delegated Regulation ((EU No. 2015/35).

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

  • Capital Requirements Directive means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, as amended or replaced from time to time.

  • Privacy and Security Requirements means (a) all Privacy Laws; (b) all applicable Privacy Contracts, and (c) all applicable Privacy Policies.

  • Data Protection Requirements means all Requirements of Law, to the extent applicable to the items and services provided by the Borrower and each Restricted Subsidiary, relating to the privacy and security of information technology assets and equipment, computers, systems, networks, hardware, software, websites, applications, and databases and personal, personally identifiable, sensitive, confidential or regulated data and, in each case, to the protection thereof from unauthorized use, access, misappropriation or modification.

  • Collateral and Guarantee Requirement means, at any time, the requirement that: