Statutory Annual Statement definition

Statutory Annual Statement means the annual statement filed by the Borrower in accordance with requirements of the Governmental Authority of its state of domicile and NAIC, which statement includes the financial statements of the Borrower for the year ended as of the preceding December 31st prepared and reported on the basis of statutory statements of accounting principles and procedures.
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Examples of Statutory Annual Statement in a sentence

  • IA American further represents that it has delivered a true and correct copy of its 2009 Statutory Annual Statement to the Conservator and that no material adverse change in its financial condition has occurred since its 2009 Statutory Annual Statement and that it reasonably believes no materially adverse change as aforesaid is forthcoming.

  • Each request for a Demand Registration by the Demand Initiating Holder shall state the type and amount of the Registrable Securities proposed to be sold and the intended method of disposition thereof, which may include a distribution of Registrable Securities to, and resale of such Registrable Securities by, the equity holders of any Crestview Holder or its equity holders (a “Partner Distribution”).

  • We intend to record these transactions in our 1994 Statutory Annual Statement filings, and to settle all accounts by February 15, 1994 Please indicate your agreement to these provisions by signing below, keeping one copy for your records and returning one to me.

  • CEI has delivered to SNFC Schedule J, which is entitled "Regulatory Filings" and lists as to SSLIC each and every Statutory Annual Statement filed with or submitted to any state insurance authority and any reports of examinations issued by such state insurance authority since January 1, 1987.

  • For the purposes of this section, "Statutory Net Capital and Surplus" shall mean the sum of the amounts indicated on lines 29 and 37, column 1, page 3, of SSLIC's Statutory Annual Statement for the year ended December 31, 1997.

  • Within ninety (90) days following the Closing Date, World shall have delivered to Savers World's NAIC Statutory Annual Statement for the year ended December 31, 1997.

  • If the Company experiences a 33 l/3% or greater decrease in its Consolidated Statutory Policyholders' Surplus from the amount reported in its Statutory Annual Statement as of December 31, 2002 (the "Triggering Event"), the Reinsurer shall have the sole option to commute this Contract and to commute all outstanding liabilities (the "Special Commutation") at any time by giving the Company 15 days' prior written notice.