Terminal reserve definition

Terminal reserve means the reserve at the end of the con- tract year which is the present value of benefits expected to be incurred after that contract year minus the present value of future valuation net premiums.
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Terminal reserve means the reserve at the end of a con- tract year, which is the present value of benefits expected to be in-
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Terminal reserve means the reserve at the end of the contract year which is equal to the
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Examples of Terminal reserve in a sentence

  • Transfers of note include $1,061,100 to the infrastructure replacement reserve, $362,300 to the vehicle, computer and equipment replacement reserves, and $163,931 to the Ferry Terminal reserve (direct transfer of lease payment received from Washington State Ferries).

  • Transfers of note include $1,022,100 to the infrastructure replacement reserve, $362,300 to the vehicle, computer and equipment replacement reserves, and $160,866 to the Ferry Terminal reserve (direct transfer of lease payment received from Washington State Ferries).

  • Transfers of note include $1,192,800 to the infrastructure replacement reserve, $385,000 to the vehicle, computer and equipment replacement reserves, and $175,400 to the Ferry Terminal reserve.

  • Transfers of note include $926,800 to the infrastructure replacement reserve, $524,040 of Federal funding to the gas tax reserve, $246,300 to the vehicle and equipment replacement reserves, and $158,100 to the Ferry Terminal reserve (direct transfer of lease payment received from Washington State Ferries).

  • Some of the common mistakes included the following:• Not using Terminal reserve in the NAR calculation under YRT transaction• Not calculating reinsurance allowance for premium under Mod-co transaction• Not applying ceding% on Mod-co premium• Treat Mod-co ceded reserve as a liability for ONR Re Candidates that got incorrect value for early steps were still given full credit for later steps as long as the methodology in later steps was correct.

  • Transfers of note include $1,101,800 to the infrastructure replacement reserve, $365,000 to the vehicle, computer and equipment replacement reserves, and $167,200 to the Ferry Terminal reserve (direct transfer of lease payment received from Washington State Ferries).

  • Transfers of note include $104,000 to the computer replacement reserve, $158,100 to the Ferry Terminal reserve, $109,000 to the vehicle replacement reserve, and $892,900 to the infrastructure replacement reserve.

  • Earnings on a Whole Life Policy Definitions:x = Issue agetVxPx cx px ax +t= Terminal reserve, issue age x, end of contract year t= Net level premium, Whole Life (for CRVM, this is the net level reserve for issue age x −1)= Claim cost in year, discounted to beginning of year= 1 − qx= A life annuity due.* = The multiplication sign (as opposed to “x”).

  • Transfers of note include $102,000 to the computer replacement reserve, $155,000 to the Ferry Terminal reserve, $109,000 to the vehicle replacement reserve, and $860,300 to the infrastructure replacement reserve.

  • EARNINGS ON A WHOLE LIFE POLICY Definitions:x = Issue agetVxPx cx px ax t= Terminal reserve, issue age x, end of contract year t= Net level premium, Whole Life (for CRVM, this is the net level reserve for issue age x 1)= Claim cost in year, discounted to beginning of year= 1  qx= A life annuity due.* = The multiplication sign (as opposed to “x”).


More Definitions of Terminal reserve

Terminal reserve means ARRC’s Seward Terminal Reserve, including but not limited to the ARRC Dock, as defined above, and storage and parking areas and other facilities that may occasionally be used for activities associated with this Permit; provided, however, that for purposes of this Permit, “Terminal Reserve” does not refer to or include any portion of the SCLF.
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Terminal reserve and "Terminal Reserve Adjustment" shall have the meanings set forth in Article XVI.
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Related to Terminal reserve

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Airport hazard means any structure, object of natural growth, or use of land which obstructs the airspace required for the flight of aircraft in landing or taking off at an airport, or is otherwise hazardous to such landing or taking off of aircraft.

  • Underground storage tank or “UST” means any one or combination of tanks (including underground pipes connected thereto) that is used to contain an accumulation of regulated substances, and the volume of which (including the volume of underground pipes connected thereto) is 10 percent or more beneath the surface of the ground. This term does not include any:

  • Stormwater management system means any equipment, plants,

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;

  • Transportation facility means any transit, railroad,