Surplus as regards policyholders definition

Surplus as regards policyholders means an insurer’s net worth, the difference between its assets and liabilities, as reported in its annual statement.
Sample 1Sample 2Sample 3
Surplus as regards policyholders means, with respect to any Insurance Subsidiary at any time, the surplus as regards policyholders of such Insurance Subsidiary, as determined in accordance with SAP as at the last day of the fiscal quarter of the Borrower ending on or most recently ended prior to such date.
Sample 1Sample 2
Surplus as regards policyholders. The amount that would be reflected on Line 39 of the schedule entitled “Statement of Income” of the 2014 Annual Statement filed by the Company with the NYSDFS, if said amount was to be calculated as of the Closing Date, after giving effect to (i) full reserve credit on the Company’s statutory liabilities for the transactions contemplated by the Reinsurance Agreements, and (ii) the termination of the Affiliate Relationships in conformity with SAP.
Sample 1

Examples of Surplus as regards policyholders in a sentence

  • At 31 December 2021 BHEI had a €255.0m Surplus as regards policyholders and total assets of €1,139.1m (2020:€120.7m Surplus & €378.6m total assets).

  • BHEI has a comprehensive outwards reinsurance program placed with NICO, which itself had a USD239bn Surplus as regards policyholders and total assets of USD383bn at 31 December 2021 (2020: USD188bn and USD320bn, respectively.

  • Capital and Surplus Accounts Surplus as regards policyholders per report onexamination as of December 31, 2000 $12,816,878 Gains in Losses inSurplus Surplus Net incomeChange in provision for reinsurance$1,423,653 100,872 Net remittances from or (to) home office 8,000,000Total gains and losses$1,423,653$8,100,872 Net increase (decrease) in surplus (6,677,219)Surplus as regards policyholders per report on examination as of December 31, 2005 $6,139,659C.

  • Surplus as regards policyholders increased $302,964 during the five-year examination period, January 1, 1999 through December 31, 2003.

  • Surplus as regards policyholders (total capital and surplus) as of December 31 next preceding; C.

  • Surplus as regards policyholders increased $123,755 during the five-year examination period, January 1, 1998 through December 31, 2002.

  • Surplus as regards policyholders, as of statement date (Lines 17 plus 31)...

  • Surplus as regards policyholders increased $ 177,172 during the five-year examination period, January 1, 1999 through December 31, 2003.

  • Capital and Surplus Account Surplus as regards policyholders per report onexamination as of December 31, 2003 $ 66,827,705 Gains in Losses inSurplus Surplus Net incomeNet unrealized capital gains or (losses) Change in net deferred income tax Change in non-admitted assets Change in provision for reinsurance$55,617,427 1,715,000523,429 7,762,997 8,283,846 Change in surplus notes16,000,000 Cumulative effect of changes in accounting principles 166,000 4.

  • Surplus as regards policyholders as of September 30, 2011 was $29,543,229.


More Definitions of Surplus as regards policyholders

Surplus as regards policyholders as of the end of each of its fiscal quarters, as reported on line 25, page 3, column 1 of the Annual Report of such Insurance Company Subsidiary in the case of calculations made as of the last day of any fiscal year of such Insurance Company Subsidiary, and as reported on the applicable Quarterly Statement of such Insurance Company Subsidiary in the case of calculations made as of the last day of any first, second or third quarter of such Insurance Company Subsidiary.
Sample 1
Surplus as regards policyholders means surplus as regards policyholders based upon the Closing Balance Sheet as determined in accordance with SAP on the Closing Date after adjustments for termination of the Affiliate Agreements and the Fair Market Value Adjustment.
Sample 1
Surplus as regards policyholders means the total of capital paid-up, gross paid-in and contributed surplus, special surplus funds, unassigned funds less treasury stock at cost, all as shown on the company's balance sheet.
Sample 1
Surplus as regards policyholders means, with respect to any Insurance --------------------------------- Subsidiary at any time, the "capital stock" of such Insurance Subsidiary at such time, as determined in accordance with SAP ("Liabilities, Surplus and Other Funds" statement, page 3, line 25 of the Annual Statement).
Sample 1
Surplus as regards policyholders means, with respect to any Insurance Subsidiary at any time, the "capital stock" of such Insurance Subsidiary at such time, as determined in accordance with SAP ("Liabilities, Surplus and Other Funds" statement, Line 26 of the Annual Statement).
Sample 1

Related to Surplus as regards policyholders

  • Policyholders surplus” means an insurer’s net worth, the difference between its assets and liabilities, as reported in its annual statement.

  • Policyholder means the adult person named in the Schedule who has concluded the Policy with the Company.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Policy Statement means a written description of the current approach of an agency, entitled a policy statement by the agency head or its designee, to implementation of a statute or other provision of law, of a court decision, or of an agency order, including where appropriate the agency's current practice, procedure, or method of action based upon that approach.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Levels of cover means cover is available for either hospital treatment, general treatment or combined hospital and general treatment.