Surplus to policyholders definition

Surplus to policyholders means the excess of total admitted assets over the liabilities of an insurer,
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Surplus to policyholders means surplus of assets over liabilities excluding issued capital shown in the annual financial statement of the company at the end of the next preceding calendar year as filed with and approved by the Superintendent.
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Surplus to policyholders means the excess of total admitted assets over the liabilities of an insurer, and shall be the sum of all capital and surplus accounts, including any voluntary reserves, minus any impairment of all capital and surplus accounts.
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More Definitions of Surplus to policyholders

Surplus to policyholders means surplus of assets over liabilities excluding issued capital shown in the annual financial statement of the company at the end of the next preceding calendar year as filed with and approved by the Chief Executive Officer. R.S.O. 1990, c. C.38, s. 144 (1); 2018, c. 8, Sched. 5, s. 13.
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Related to Surplus to 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.