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.
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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.
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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.
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Examples of Surplus as regards policyholders in a sentence

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

  • 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).

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

  • 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.

  • The following ratios have been computed as of December 31, 2002, based upon the results of this examination: Net premiums written in 2002 to Surplus as regards policyholders: 5.5 to 1 Liabilities to Liquid Assets: 54.8%Premiums in course of collection to Surplus as regards policyholders: 2.9% These above ratios fall within the benchmark ranges set forth in the Insurance Regulatory Information System of the National Association of Insurance Commissioners.

  • Surplus as regards policyholders increased $4,863,139 during the five-year examination period, January 1, 1995 through December 31, 1999.

  • Surplus as regards policyholders as of March 31, 2016 was $35,990,580.

  • Surplus and Other Funds (i.e., AS page 3) components: • Losses and loss adjustment expenses • Surplus as regards policyholders (i) Income Etatement • Underwriting income: Any premiums, losses and loss adjustment expenses, underwriting and general expenses covered by pooling agreements are shown net of pooling transactions.


More Definitions of Surplus as regards policyholders

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).
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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.
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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).
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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.
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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.
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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 behavior means any action a policyholder, contract holder, or any other person with the right to elect options, such as a certificate holder, may take under a policy or contract subject to this section including but not limited to lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract, but excluding events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract.

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

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Safeguard Policy Statement or “SPS” means ADB's Safeguard Policy Statement (2009);

  • 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.

  • General air quality operating permit or "general permit" means an air quality operating permit that meets the requirements of ARM 17.8.1222, covers multiple sources in a source category, and is issued in lieu of individual permits being issued to each source.

  • D&O Policies has the meaning set forth in Section 8.06.

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Insurance Affordability Program means a program that is one of the following:

  • long-term insurance business means long-term insurance business as defined in the Insurance Act, 1943 (Act 27 of 1943), and includes any business which is for the purposes of the said Act dealt with by the Registrar of Insurance as long-term insurance business and any business which in the opinion of the Minister is medical aid insurance business conducted on a non-cancellable basis;

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Provider of financial assurance means an entity that provides financial assurance to an Owner or Operator of an underground storage tank through one of the mechanisms listed in these Regulations, including a guarantor, insurer, risk retention group, surety, issuer of a letter of credit, issuer of a state required mechanism, or a state.

  • A.M. Best A.M. Best Company, Inc. or its successors in interest. If neither A.M. Best nor any successor remains in existence, “A.M. Best” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of A.M. Best herein referenced shall be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

  • Best Management Practices (BMPs means schedules of activities, prohibitions of practices, maintenance procedures, and other management practices to prevent or reduce the pollution of waters of the state. BMPs also include treatment requirements, operating procedures, and practices to control site runoff, spillage or leaks, sludge or waste disposal, or drainage from raw material storage.

  • Sustainability Report means the annual non-financial disclosure form according to the GRI Standard for Sustainability Reporting publicly reported by the Borrower and published on an Internet or intranet website to which each Lender and the Administrative Agent has or has been granted access free of charge.

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

  • Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division);

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

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • We Are Committed To Your Satisfaction If you are not completely satisfied with XOOM’s Variable Rate plan for any reason, please contact us. If we are unable to resolve your concern to your full satisfaction, you may terminate this Contract, in accordance with its terms.

  • Procurement Policy Board or “PPB” shall mean the board established pursuant to Charter § 311 whose function is to establish comprehensive and consistent procurement policies and rules which have broad application throughout the City.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.