Actuarial Analysis Clause Samples
Actuarial Analysis. The factual information and data provided by Seller and its Affiliates to Milliman in connection with its actuarial analysis on behalf of Buyer, including any factual information and data provided in any actuarial or financial model (a) were based on inventories of in-force Insurance Contracts that were issued, reinsured or assumed by PLICMI that were accurate in all material respects at their respective times of preparation and were obtained from the books and records of PLICMI; (b) were generated from the same underlying sources and systems that were utilized by Seller and its Affiliates to prepare the Financial Statements as of December 31, 2018; and (c) to the Knowledge of Seller, comprised a complete, and, in all material respects, true and accurate, response to any written request for data and information sent by or on behalf of Milliman in connection with such actuarial analysis. Section 5.25 of the Seller Disclosure Schedule lists the final versions of all actuarial reports that were prepared with respect to PLICMI since January 1, 2016 by external actuaries, or, if provided to any Governmental Authority, internal actuaries. Seller has made available to Buyer true and correct copies of all such actuarial reports.
Actuarial Analysis. 11.1 The Parent has made available to the Purchaser a true and complete copy of all appraisal valuation reports prepared by independent actuaries with respect to the business of each of the Insurance Subsidiaries as at 30 November 2009, and all attachments, addenda, supplements and modifications thereto (the “Actuarial Analysis”).
11.2 To the knowledge of the Parent, (i) any information and data furnished by any Insurance Subsidiary to independent actuaries in connection with the preparation of the Actuarial Analysis were accurate in all material respects, (ii) the Actuarial Analysis was based, in all material respects, upon an accurate inventory of policies in force for Insurance Subsidiaries, as the case may be, at the relevant time of preparation.
Actuarial Analysis. The Cedant has delivered to the Reinsurer a complete and correct copy of the Actuarial Analysis. As of the date hereof Milliman has not furnished to the Cedant or any of its Affiliates any other addenda, supplements or modifications to the Actuarial Analysis. As of the date hereof, Milliman has not notified the Cedant or any of its Affiliates that the Actuarial Analysis is inaccurate in any material respect. The factual information and data provided by the Cedant and its Affiliates in writing to Milliman in connection with the preparation of the Actuarial Analysis, including the actuarial analysis that is described in Schedule 16.01(f), and the seriatim data, sensitivity runs, memoranda, in each case to the extent related to the Subject Annuities, to the knowledge of the Cedant (i) was derived from the books and records of the Cedant, (ii) was generated from the same underlying sources and systems that were utilized by the Cedant and its applicable Affiliates to prepare the SAP Financial Statements to the extent applicable, (iii) was based upon an accurate inventory of in force Subject Annuities that, at the time of preparation, was complete and correct in all material respects and (iv) was accurate in all material respects as of the date so provided. Notwithstanding the foregoing, the Cedant does not guarantee the projected results included in the Actuarial Analysis, or make any representation or warranty in this Section 16.01(f) or in any other provision of this Agreement (other than, solely with respect to (A) below, Section 16.01(k)) (A) with respect to any assumption in the Actuarial Analysis (including as to future mortality, policyholder behavior, expense, investment experience and other actuarial factors with respect to the Subject Annuities or its associated Reinsured Liabilities or assets) or (B) to the effect that the projected profits set forth in the Actuarial Analysis will be realized.
Actuarial Analysis. Seller has delivered to Buyer a true and complete copy of the Actuarial Evaluation Report of Milliman & R▇▇▇▇▇▇▇▇, Inc. as of September 30, 1996, the Roll Forward Analysis as of February 10, 1997, and any other information prepared by Milliman & R▇▇▇▇▇▇▇▇ and generally made available to prospective purchasers of the Company (the "M&R Analysis"). The information furnished to Milliman & R▇▇▇▇▇▇▇▇, Inc. in connection with the preparation of the M&R Analysis was accurate in all material respects; provided that no representation or warranty is made with respect to projections of future economic events, future expenses, new business production levels or future management actions. The assumptions utilized in making such projections were arrived at in good faith and Seller believes that they were reasonable when made.
Actuarial Analysis. Seller has delivered to Buyer a true and complete copy of the Actuarial Evaluation Report of Mill▇▇▇▇ & ▇obe▇▇▇▇▇, ▇▇c. as of September 30, 1996, the Roll Forward Analysis as of February 10, 1997, and any other information prepared by Mill▇▇▇▇ & ▇obe▇▇▇▇▇ ▇▇▇ generally made available to prospective purchasers of the Company (the "M&R Analysis"). The information furnished to Mill▇▇▇▇ & ▇obe▇▇▇▇▇, ▇▇c. in connection with the preparation of the M&R Analysis was accurate in all material respects; provided that no representation or warranty is made with respect to projections of future economic events, future expenses, new business production levels or future management actions. The assumptions utilized in making such projections were arrived at in good faith and Seller believes that they were reasonable when made.
Actuarial Analysis. The Purchaser shall furnish to the Sellers with any Reserve Development Notice an Independent Actuarial Evaluation.
Actuarial Analysis. Semiannually, Borrower shall deliver to Agent each actuarial report received by the Borrower, updating Borrower’s reserve analysis of the retained workers’ compensation claim exposure; provided, that it shall not be a Default or Event of Default if the company generating such report refuses to disclose such report to Agent so long as Borrower uses commercially reasonable efforts to obtain consent from such company to disclose such report to Agent for its review but not reliance.
Actuarial Analysis. Seller has delivered to Buyer a true and complete copy of the Actuarial Evaluation Report of Milliman & Robe▇▇▇▇▇, ▇▇c. as of September 30, 1996, the Roll Forward Analysis as of February 10, 1997, and any other information prepared by Milliman & Robe▇▇▇▇▇ ▇▇▇ generally made available to prospective purchasers of the Company (the "M&R Analysis"). The information furnished to Mill▇▇▇▇ & ▇obe▇▇▇▇▇, ▇▇c. in connection with the preparation of the M&R Analysis was accurate in all material respects; provided that no representation or warranty is made with respect to projections of future economic events, future expenses, new business production levels or future management actions. The assumptions utilized in making such projections were arrived at in good faith and Seller believes that they were reasonable when made.
Actuarial Analysis. The Seller has made available to the Acquiror a true and complete copy of the Actuarial Analysis of the U.S. Auto Operations of GE Financial Assurance Holdings, Inc. as of June 30, 2002, prepared by ▇▇▇▇▇▇▇▇▇▇▇ & Co., dated February 11, 2003, and all addenda, supplements and modifications thereto provided by ▇▇▇▇▇▇▇▇▇▇▇ & Co. to the Seller. The information prepared by the Company and the Insurance Subsidiaries for use in the preparation of such analysis was, as of the date of delivery to ▇▇▇▇▇▇▇▇▇▇▇ & Co., believed by the Company and the Insurance Subsidiaries, as applicable, in good faith to be reasonable.