Solvency Requirement definition

Solvency Requirement means the higher of (i) the solvency requirement, see section 124(2) of the Financial Business Act and (ii) an individual solvency requirement determined by the Danish Financial Supervisory Authority, see section 124(5) of the Danish Financial Business Act.
Sample 1Sample 2Sample 3
Solvency Requirement means the higher of (i) the solvency requirement, cf. section 124(2) of the Financial Business Act, and (ii) an individual solvency requirement determined by the Danish Financial Supervisory Authority, cf. section 124(5) of the Financial Business Act.
Sample 1Sample 2Sample 3
Solvency Requirement. , for the FNPF, means the solvency requirement in section 32;
Sample 1

Examples of Solvency Requirement in a sentence

  • The Minimum Solvency Capital, which must be calculated for each Life Fund, is calculated as the excess (if any) of the Total Solvency Requirement over the sum of the Policy Liability plus Other Liabilities at the balance date.

  • With respect to Argo Group, the Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2012 provide for a phase-in over a period of six years, starting at 50% of the amount determined and increasing in 10% increments.

  • Although the Company has reduced its liabilities and received an equity infusion from its sole shareholder, the Company has been unable to meet its Solvency Requirement since Solvency II first came into effect in January 2016.

  • To be compliant with its Solvency Requirement, the Company would need sufficient assets to have a 99.5% probability of satisfying all of its creditor’s claims.

  • Every Class 3A insurer shall appoint an individual approved by the Authority under subsection (3) who is qualified as a loss reserve specialist, to provide an opinion in accordance with the requirements of Schedule XIV “Statutory Economic Balance Sheet” of the Insurance (Prudential Standards) (Class 3A Solvency Requirement) Rules 2011.

  • One proposal considered was a Minimum Solvency Requirement (MSR).

  • The Solvency Requirement is determined by considering the various risks undertaken in the statutory fund which could impact the security of the policy owners’ entitlements, and requiring the provision of a prudent level of reserve against such risks.

  • The EBS framework is now embedded in the Authority’s legislative and regulatory regime through the Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Amendment Rules 2015, the Insurance (Prudential Standards) Class 4 and 3B Solvency Requirement) Amendment Rules 2015, the Insurance (Prudential Standards) (Class 3A Solvency Requirement) Amendment Rules 2015, the Insurance (Prudential Standards) (Class C, Class D, Class E Solvency Requirement) Amendment Rules 2015.

  • In respect of the Variable Annuity business, the Total Solvency Requirement set out in paragraph 35 of the Solvency Standard for Life Insurance Business 2014 is replaced as follows.

  • If the Issuer's solvency does not exceed 110% of the Solvency Requirement following a full or partial Coupon payment ("Alternative Coupon Payment Event"), any Coupon payment shall be effected by issuing new Shares or delivering existing own Shares ("Interest Conversion Shares") to the Noteholders in proportion to their holding of Notes on the relevant Addition of Interest Date or a later date as determined in accordance with Clause31.4.1 (the "Interest Conversion Day").


More Definitions of Solvency Requirement

Solvency Requirement means the capital required by health insurance companies in India to meet the Solvency Ratio requirement set/ prescribed by the Authority, from time to time under the Applicable Law;
Sample 1

Related to Solvency Requirement

  • Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time:

  • Security Requirements means the requirements regarding the security of Personal Data, as set out in the Data Protection Laws (including, in particular, the seventh data protection principle of the DPA and/ or the measures set out in Article 32(1) of the GDPR (taking due account of the matters described in Article 32(2) of the GDPR)) as applicable;

  • Solvency Capital Requirement means the Solvency Capital Requirement or the group Solvency Capital Requirement (as applicable) referred to in, or any other capital requirement (other than the Minimum Capital Requirement) howsoever described in, the Relevant Rules;

  • Resource Adequacy Requirements has the meaning set forth in Section 3.3.

  • Privacy Requirements shall have the meaning set forth in Section 3.19.

  • Authority Requirements means the operational requirements, functions and characteristics of the Framework set out in Schedule 1 (Statement of Requirements)

  • Safety Requirements means Prudent Electrical Practices, CPUC General Order No. 167, Contractor Safety Program Requirements, and all applicable requirements of Law, PG&E, the Utility Distribution Company, the Transmission Provider, Governmental Approvals, the CAISO, CARB, NERC and WECC.

  • Liquidity Requirement shall have the meaning as set forth in Section 2.12(b).

  • Data Security Requirements means the following, in each case to the extent relating to any sensitive or confidential information, or any matters relating to data privacy, protection, or security or the access, collection, use, processing, storage, sharing, distribution, transfer, disclosure, destruction, or disposal of any personally identifiable information: (i) all applicable Laws and any related security breach notification requirements, (ii) the Conveyed Companies’ own respective rules, policies, and procedures, and (iii) Contracts to which the Conveyed Companies are bound.

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.

  • Capital Adequacy Requirement shall have the meaning given to that term in Section 2.11(d).

  • Solvency II Regulation means Commission Delegated Regulation ((EU No. 2015/35).

  • Eligibility Requirement means all eligibility requirements and other qualification requirements for a person to act in the applicable Corporate Trust Capacity under any Appointment as set forth in the related Corporate Trust Contract, including any required authorizations or licenses from the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, the Federal Housing Administration, the Federal Home Loan Bank or the Department of Veterans Affairs.

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

  • Eligibility Requirements means, with respect to any Person, that such Person (i) has total assets (in name or under management) in excess of $600,000,000 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity of $250,000,000 and (ii) is regularly engaged in the business of making or owning commercial real estate loans or operating commercial mortgage properties.

  • OHS Requirements means all Laws applicable to the Supply and related to occupational health or safety, and all of the City Policies that relate to occupational health or safety, and includes without limitation the WCA;

  • Administrative Requirement means any required notice, filing or other similar administrative requirements (other than any requirement for Consent or any Eligibility Requirements) for the Transfer of any Appointment to the applicable Purchaser as set forth in the related Corporate Trust Contract.

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Capital Requirements Directive means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, as amended or replaced from time to time.

  • Privacy and Security Requirements means (a) all Privacy Laws; (b) all applicable Privacy Contracts, and (c) all applicable Privacy Policies.

  • Environmental, Health or Safety Requirements of Law means all Requirements of Law derived from or relating to foreign, federal, state and local laws or regulations relating to or addressing pollution or protection of the environment, or protection of worker health or safety, including, but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601 et seq., the Occupational Safety and Health Act of 1970, 29 U.S.C. § 651 et seq., and the Resource Conservation and Recovery Act of 1976, 42 U.S.C. § 6901 et seq., in each case including any amendments thereto, any successor statutes, and any regulations or guidance promulgated thereunder, and any state or local equivalent thereof.

  • Data Protection Requirements means all Requirements of Law, to the extent applicable to the items and services provided by the Borrower and each Restricted Subsidiary, relating to the privacy and security of information technology assets and equipment, computers, systems, networks, hardware, software, websites, applications, and databases and personal, personally identifiable, sensitive, confidential or regulated data and, in each case, to the protection thereof from unauthorized use, access, misappropriation or modification.

  • Federal safety requirements means applicable provisions of 49 U.S.C. § 30101 et seq. and all

  • Collateral and Guarantee Requirement means, at any time, the requirement that:

  • Storage Injection Requirements means all volumes required by the Seller for injection into underground storage, including cushion gas, and for liquification, including fuel used for injection and in liquification plants, or for such other storage projects that may be developed expressly for the protection of supply to high priority users.