Statutory Capital and Surplus means, as to any Insurance Subsidiary, the “surplus as regards policyholders” as of the end of each of its fiscal quarters, as reported on line 35, column 1, page 3 of the Annual Statement of such Insurance Subsidiary in the case of calculations made as of the last day of any fiscal year of such Insurance Subsidiary (or, with respect to any Non-U.S. Insurance Subsidiary, such other line, column or page of the Annual Statement as appropriate), or as determined in a consistent manner for any date other than one of which an Annual Statement is prepared.
Statutory Capital and Surplus means, as to any Insurance Subsidiary, as of any date, the sum (without duplication) of the total amounts shown (i) with respect to an Insurance Subsidiary not legally domiciled in the United States, the shareholders' equity of such Insurance Subsidiary as determined in accordance with GAAP (without regard to the requirements of FAS 115), and (ii) with respect to any other Insurance Subsidiary, on line 25, column 1, page 3 of the Annual Statement of such Insurance Subsidiary, or the sum of amounts determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.
Statutory Capital and Surplus means, with respect to any Insurance Subsidiary at any time, the capital and surplus of such Insurance Subsidiary at such time, as determined in accordance with SAP ("Liabilities, Surplus and Other Funds" statement, Page 3, Column 1, Line 38 of the Annual Statement).
Examples of Statutory Capital and Surplus in a sentence
In the event the Closing shall occur, the Purchaser shall contribute to the Corporate Shell immediately upon Closing admitted assets, cash or Cash Equivalents in an amount sufficient to increase the Statutory Capital and Surplus of the Corporate Shell to an amount no less than $5,400,000, or such other amount reasonably required by the California Department of Insurance (“CDI”) as a condition for its approval of the Form A, not to exceed $3,200,000, or such greater amount as the Purchaser may approve.
More Definitions of Statutory Capital and Surplus
Statutory Capital and Surplus means, as to any Insurance Subsidiary, the "surplus as regards policyholders" as of the end of each of its fiscal quarters, as reported on line 27, column 1, page 3 of the Annual Statement of such Insurance Subsidiary in the case of calculations made as of the last day of any fiscal year of such Insurance Subsidiary, or as determined in a consistent manner for any date other than one of which an Annual Statement is prepared.
Statutory Capital and Surplus means the amount shown on page 3, line 26, column 1 of the annual statutory financial statements of the Company.
Statutory Capital and Surplus means the value set forth as ‘Total capital and surplus’ in the audited statutory financial statements as of June 30, 2004 of Safeco Life Insurance Company.
Statutory Capital and Surplus means capital and surplus determined in accordance with statutory accounting practices from time to time prescribed or permitted by the Texas Department of Insurance or the National Association of Insurance Commissioners for stock property and casualty insurance companies in Texas.
Statutory Capital and Surplus means, at any time, the amount which is (or would be) set forth under the caption "Total" of common and preferred capital stock and surplus on line 38 of a Convention Statement of CHLIC prepared as of such date.
Statutory Capital and Surplus means, as to any Insurance Subsidiary, as of any date, the amount shown on line 27, column 1, page 3 of the Annual Statement of such Insurance Subsidiary, or the sum of amounts determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.
Statutory Capital and Surplus means the amount that would be set forth on Line 39, Surplus as Regards Policyholders, on the Statement of Income page for an annual or quarterly report filed by the Company with the Ohio Insurance Regulatory.