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

  • 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, 2002, as reported in the Company’s filed annual statement, was $581,698.

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

  • 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 compare to the private life insurance companies that distribute only 90% of the surplus to policyholders.

  • 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).

  • It is worth mentioning here that SUC is the only life insurance company that is distributing 97.5% of its Actuarial Surplus to policyholders as compare to the private life insurance companies that distribute only 90% of the surplus to policyholders.The total amount of bonus distributed to with-profit policies in 2018 was Rs. 61.08 billion as compared to Rs. 56.16 billion in 2017.


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

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

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

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • 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);