Common use of Statutory Statements Clause in Contracts

Statutory Statements. Each of the Company Insurance Subsidiaries has filed all annual or quarterly statements, together with all exhibits and schedules thereto, required to be filed with or submitted to the appropriate regulatory authorities of the jurisdiction in which it is domiciled on forms prescribed or permitted by such authority (collectively, the "Company SAP Statements"). Except as set forth in Section 4.6 of the Company Disclosure Schedule, financial statements included in the Company SAP Statements and prepared on a statutory basis, including the notes thereto, have been prepared in all material respects in accordance with accounting practices prescribed or permitted by applicable state regulatory authorities in effect as of the date of the respective statements and such accounting practices have been applied on a substantially consistent basis throughout the periods involved, except as expressly set forth in the notes or schedules thereto, and such financial statements present fairly the respective statutory financial positions and results of operation of each of the Company Insurance Subsidiaries as of their respective dates and for the respective periods presented therein. The Company SAP Statements for the year ended December 31, 1995 are referred to herein as the "Company 1995 SAP Statements."

Statutory Statements. Each of the Company Parent Insurance Subsidiaries has filed all annual or quarterly statements, together with all exhibits and schedules thereto, required to be filed with or submitted to the appropriate regulatory authorities of the jurisdiction in which it is domiciled on forms prescribed or permitted by such authority (collectively, the "Company Parent SAP Statements"). Except as set forth in Section 4.6 5.7 of the Company Parent Disclosure Schedule, financial statements included in the Company Parent SAP Statements and prepared on a statutory basis, including the notes thereto, have been prepared in all material respects in accordance with accounting practices prescribed or permitted by applicable state regulatory authorities in effect as of the date of the respective statements and such accounting practices have been applied on a substantially consistent basis throughout the periods involved, except as expressly set forth in the notes or schedules thereto, and such financial statements present fairly the respective statutory financial positions and results of operation of each of the Company Parent Insurance Subsidiaries as of their respective dates and for the respective periods presented therein. The Company Parent SAP Statements for the year ended December 31, 1995 are referred to herein as the "Company Parent 1995 SAP Statements."

Statutory Statements. Each (a) Parent has made available to the Company true and complete copies of the Company Insurance Subsidiaries has filed all annual or quarterly following statutory statements, in each case together with all exhibits exhibits, schedules and schedules thereto, required to be notes thereto and any affirmations and certifications filed with or submitted to therewith: the appropriate regulatory authorities audited annual statement of each Parent Insurance Subsidiary as at December 31 in each of the jurisdiction in which it is domiciled on forms prescribed or permitted by such authority years ended 2014, 2015 and 2016 and quarterly statutory statements for the quarter ended June 30, 2017 (collectively, the "Company SAP “Parent Insurer Statutory Statements"”). Except as set forth in Section 4.6 of the Company Disclosure Schedule, financial statements included in the Company SAP . (b) The Parent Insurer Statutory Statements and prepared on a statutory basis, including the notes thereto, have been (i) were prepared in all material respects in accordance conformity with statutory accounting practices prescribed or permitted by applicable state regulatory authorities in effect as of the date of the respective statements and such accounting practices have been relevant Insurance Regulator applied on a substantially consistent basis throughout the periods involved(“SAP”), except as expressly set forth within the subject financial statements and (ii) present fairly to the extent required by and in conformity with SAP, except as set forth in the notes notes, exhibits or schedules thereto, and such financial statements present fairly in all material respects the respective statutory financial positions condition and statutory results of operation of each Parent Insurance Subsidiary as of the Company Insurance Subsidiaries as of their respective dates and for the respective periods presented thereintherein specified. The Company Except as set forth on Section 3.06(b) of the Parent Disclosure Letter, (i) none of the Parent Insurance Subsidiaries prepares its SAP Statements for statements taking into account a permitted practice, and (ii) there is no restriction or limitation, by rule, regulation, agreement with Governmental Authority or otherwise, on the year ended December 31ability of any Subsidiary of Parent to declare, 1995 are referred make or pay any dividends, directly or indirectly, to herein as the "Company 1995 SAP StatementsParent or any of such Subsidiaries’ direct or indirect equity owners."