Statutory Liabilities definition

Statutory Liabilities means, as to any of the Reliance Standard Insurance Companies as of any date, the amount reported on line 26, page 3, column 1 of the Annual Statement of each of the Reliance Standard Insurance Companies and, as to Safety National as of any date, the amount reported on line 26, page 3, column 1 of the Annual Statement of Safety National, or, in each case, an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

Statutory Liabilities means, as to any Insurance Subsidiary, as of any date, the total amount shown on line 21, page 3, column 1 of the 1995 Annual Statements (or any similar line, page and column reference in any subsequent Annual Statement), or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

Statutory Liabilities means, with respect to any Insurance Subsidiary as of any date, the amount reported on line 28, page 3, column 1 of the Annual Statement of such Insurance Subsidiary, less IMR/AVR and less amounts under the Surplus Debenture constituting Statutory Liabilities on the Annual Statement, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

Examples of Statutory Liabilities in a sentence

• The Net Statutory Liabilities shall equal the Statutory Reserves (net of reserves for any Third-Party Reinsurance Agreements) plus premium deposit funds plus unearned premiums plus unearned policy loan interest.

• The price schedule format, rates of optional activities, Terms and Condition stipulating tendering procedure, EMD, Security Deposit, General Condition of Contract, Special Condition of Contract, Instructions to Contractor Code for Safety Management at Sites, Statutory Liabilities of the Contractor, No deviation format, Organizational information, format for reporting escort & format of identity card for Escort associated with dispatched Transformer/ Reactor are enclosed in Annexure- I to X.

• The price schedule format, rates of extra activities, Terms and Conditions stipulating tendering procedure, EMD, Security Deposit, General Conditions of Contract, Special Conditions of Contract, Instructions to Contractor Code for Safety Management at Sites, Statutory Liabilities of the Contractor, No deviation format, Organizational information are enclosed in Annexure-I to VIII.

• EPF Contribution for the month of amounting to Rs has been paid on III) Service tax for the month of amounting to Rs has been paid on IV) Other Statutory Liabilities, if any for the month of amounting to Rs has been paid on (Copy of challan to be enclosed.) (b.) Employee-wise details of ESI, EPF contribution paid shall be submitted every quarter.

• In determining the amount of Damages pursuant to this Section 9, Damages shall include only the amounts in excess of reserves or accruals included in the Target Current Liabilities or the Target Statutory Liabilities with respect to the specific claim from which the Damages result.

More Definitions of Statutory Liabilities

Statutory Liabilities means thetotal of funds set aside to pay future claims and operating expenses,including separate account liabilitiesand funds held for the benefit of others, as established under the accountingrules and techniques permitted by the National Association of InsuranceCommissioners. Examples of statutory liabilities are policy reserves, premiums collected in advance, commission and expenses payable, and provisions forpolicyholder dividends.

Statutory Liabilities means, as to any Person, as of any date, with respect to (a) any Life Subsidiary, the amount reported on page 3, line 28, column 1 of its Annual Statement, and (b) any P/C Subsidiary, the amount reported on page 3, line 26, column 1 of its Annual Statement; or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

Statutory Liabilities means the liability of a Person who may be held responsible for a certain act or omission under any related Applicable Law (including, without limitation, the following types of liabilities that a Person may be held responsible for under any related Applicable Law: accrued vacation, severance, taxes and any liabilities for which board members would be personally liable in a liquidation.

Statutory Liabilities means all severance, termination amounts (including notice or other termination indemnities), pension, retirement or other similar amounts or Liabilities (including accrued vacation, PTO and any employer portion of any Taxes due in respect of any such Liabilities) that (a) are mandated or required by foreign Governmental Authorities by operation of or under applicable Law for the benefit of Business Employees who are principally based outside of the United States and (b) in the absence of the transactions contemplated by this Agreement would continue to accrue and become payable upon such Business Employees’ retirement, death, voluntary resignation or voluntary separation with Seller and its Affiliates, excluding the Retained Severance.

Statutory Liabilities. With respect to any of the Insurance Subsidiaries as of any date, the amount reported on line 28, page 3, column 1 of the Annual Statement of each of the Insurance Subsidiaries, less IMR/AVR of each of the Insurance Subsidiaries constituting Statutory Liabilities on the Annual Statement, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

Statutory Liabilities means the liabilities established in conformity with the requirements of these Rules for the Statutory Balance Sheet of a Collateralized Insurer.

Statutory Liabilities as to each Insurance Subsidiary of the --------------------- Borrower, as of any date, the total amount shown on line 21, page 3, column 1 of the Annual Statement of such Insurance Subsidiary, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement of such Insurance Subsidiary is available.