Guaranty Fund Assessments. Each of the Company and the Insurance Subsidiaries has fully reserved in its respective Statutory Financial Statements as of and for the nine months ended September 30, 1996 for any present or future guaranty fund assessments, up to the amount reserved for in accordance with the calculations of NOLHGA, relating to any rehabilitation, conservatorship or insolvency known to exist as of the date hereof, as reported by the most recent NOLHGA survey dated April 1, 1996.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Chubb Corp), Stock Purchase Agreement (Jefferson Pilot Corp), Stock Purchase Agreement (Chubb Corp)
