Surplus to policyholders definition

Surplus to policyholders means the excess of total admitted assets over the liabilities of an insurer,
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3

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.
Sample 1Sample 2

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.

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

  • 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.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a 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.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Insurance Policies has the meaning set forth in Section 3.16.

  • 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.

  • Surplus lines insurer means a non-admitted insurer with which insurance coverage may be placed under this chapter.

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Prudent Electrical Practices means those practices, as changed from time to time, that are engaged in or approved by a significant portion of the solar power electrical generation industry operating in the United States to operate electric equipment lawfully and with reasonable safety, dependability, efficiency and economy.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;