Invested Assets. Invested Assets" shall mean the Book Value of all the Real Estate Investments of the Trust.
Invested Assets. The Guarantor shall not permit Invested Assets of the Guarantor and its Primary Insurance Subsidiaries consisting of notes, bonds and other obligations classified as bonds which bear NAIC Ratings from three to six, both inclusive, to exceed 5.5% of Net Invested Assets.
Invested Assets. U.S. Government securities, with a carrying value of $401,343 and $401,670 at December 31, 2008 and 2007, respectively, were on deposit with government agencies as prescribed by law in the State of Michigan. The cost/amortized cost and estimated fair values of investment securities at December 31, 2008, are as follows: Cost/ Unrealized Unrealized NAIC Amortized Cost Gains Losses Fair Value Bonds: U.S. Treasury securities and obligations of U.S. Government corporations and agencies $ 1,083,531 $ 83,286 $ — $ 1,166,817 States and political subdivisions 10,178,185 149,961 148,703 10,179,443 Special revenue 15,590,201 294,100 337,223 15,547,078 Public utility 796,933 10,965 4,139 803,759 Industrial and miscellaneous 19,759,849 349,816 1,202,087 18,907,578 Total fixed maturities 47,408,699 888,128 1,692,152 46,604,675 Common stocks 7,015,828 135,638 1,407,999 5,743,467 Total $ 54,424,527 $ 1,023,766 $ 3,100,151 $ 52,348,142 The cost/amortized cost and estimated fair values of investment securities at December 31, 2007, are as follows: Cost/ Unrealized Unrealized NAIC Amortized Cost Gains Losses Fair Value Bonds: U.S. Treasury securities and obligations of U.S. Government corporations and agencies $ 1,029,362 $ 12,362 $ 6,843 $ 1,034,881 States and political subdivisions 8,291,619 57,659 15,908 8,333,370 Special revenue 16,269,378 118,200 33,651 16,353,927 Public utility 797,443 11,086 894 807,635 Industrial and miscellaneous 23,609,474 261,881 130,115 23,741,240 Total fixed maturities 49,997,276 461,188 187,411 50,271,053 Common stock — mutual fund 5,229,209 893,942 80,682 6,042,469 Total $ 55,226,485 $ 1,355,130 $ 268,093 $ 56,313,522 At December 31, 2008, the Company has one bond with a market value of $25,000 and an amortized cost of $33,125 with NAIC ratings of three or higher, which are carried at the lower of cost or market, which were not considered to be other-than-temporarily impaired, resulting in a reduction to the carrying value of fixed maturities of $8,125 and is reflected in surplus as unrealized loss, net of tax. Maturities of fixed maturity investment securities as of December 31, 2008, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized NAIC Cost Fair Value Due in one year or less $ 2,348,992 $ 2,348,724 Due after one year through five years 22,168,408 21,985,905 Due after five years through ten yea...
Invested Assets. 9.9.1 Seven days before Completion the Seller shall provide the Buyer with a list of the Invested Assets in which the Target Subsidiary has a beneficial interest. The list shall include details of the issuer, the relevant security, its CUSIP, its nominal value, its credit ratings by the Credit Raters as at the date of the list, and such other information as the Seller shall reasonably require.
Invested Assets. Investment Manager agrees to provide continuous investment management services with respect to assets placed with Investment Manager by Client. Such assets, as changed by investment, reinvestment, additions, disbursements and withdrawals, are referred to in this Agreement as the “Invested Assets.”
Invested Assets. The Borrower will maintain 100% of its invested assets in instruments having a rating from Xxxxx'x Investors Service or Standard & Poors Ratings Group of investment grade or higher.
