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 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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Examples of Surplus to policyholders in a sentence

  • Surplus to policyholders as of December 31, 2002, as reported in the Company’s filed annual statement, was $581,698.

  • Surplus to policyholders as of June 30, 2016, as reported in the Company’s filed quarterly statement, was $1,865,459,468.

  • It is worth mentioning here that SLIC is the only life insurance company that is distributing 97.5% of its Actuarial Surplus to policyholders as compared to only 90% distributed by the private life insurance companies of Pakistan.

  • Surplus to policyholders as of December 31, 2011 was $1,164,599,841.

  • Surplus to policyholders as of December 31, 2000 was $61,374,163.

  • Surplus to policyholders as of December 31, 2005 was $61,812,779.The following schedule shows the direct premiums written by the Company both in total and in New York for the period under examination: Direct Premiums Written (“DPW”) Calendar Year New York State Total DPW % of Total DPW in New York 2001($17,823)$6,310,201-0.28%2002$0$10,460,7900.00%2003$78,949$16,979,2770.46%2004$166,533$27,313,9140.61%2005$373,742$45,173,1000.83% C.

  • Surplus to policyholders is surplus reported on the reporting entity’s most recent quarterly financial statement filed with the National Association of Insurance Commissioners (NAIC).

  • Surplus to policyholders as of December 31, 2010 was $62,466,525.

  • Surplus to policyholders as of December 31, 2010 was $185,484,310.The following schedule shows the direct premiums written by the Company both in total and in New York for the period under examination: Direct Premiums Written (“DPW”) The Company is primarily a casualty underwriter with a majority of its premiums attributable to marine liability, excess workers’ compensation, professional liability and commercial liability, written on both a primary and reinsurance basis.

  • Surplus to policyholders as of December 31, 2000 was $169,344,854.C. Reinsurance The Schedule F data as contained in the Company’s annual statements filed for the years within the examination period were found to fairly reflect its reinsurance transactions.


More Definitions of Surplus to policyholders

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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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.

  • Prudent Electrical Practices means those practices, methods, standards and equipment commonly used in prudent electrical engineering and operations to operate electrical equipment lawfully and with safety, dependability and efficiency and in accordance with the National Electrical Safety Code, the National Electrical Code and any other applicable federal, state and local codes provided, however, that in the event of a conflict, the applicable federal, state or local code shall govern.