American Southern definition

American Southern means American Southern Insurance Company, an insurance company organized under the laws of the State of Kansas.

American Southern has a lawsuit (Civil Action No. 95-2588) pending with the Department in Florida (the "Florida Premium Tax Litigation"). The issue revolves around the appropriate retaliatory premium tax to be paid by American Southern to Florida. The Department is alleging that the Georgia tax rate is 2.25% and the local premium tax rate is 2.5% for a total rate of 4.75%. The Florida tax rate is 2%. The Department is effectively saying that the retaliatory rate should be 2.75%. American Southern's major argument is that in Georgia there is an investment offset available to all companies that can reduce the effective Georgia rate from 2.25% to .5% and American Southern has always qualified for this reduction. With a Georgia rate of .5% and a local premium tax of 2.5%, the total Georgia tax is 3% compared to Florida's 2% for a retaliatory rate of 1%. The amount of tax in dispute is approximately $839,999 for the years 1985 through 1990. Penalties and interest with respect to the disputed tax amount are approximately $748,000 and $86,700, respectively. If the suit is lost, Borrower intends to seek indemnification from InterRedec, the owner of American Southern during the period from 1985 to 1990. In 1993, this suit was tried and American Southern won. In 1994, the Florida legislature passed a law which was intended to retroactively change the way the retaliatory tax was calculated. The Department then asked the trial judge to rehear the case in light of the new Florida law. The case was heard in November 1994 and in July 1995 the judge ruled for the Department. The case is now under appeal.

Examples of American Southern in a sentence

• Under this program, Lessee will receive insurance coverage through American Southern Insurance Company (“Insurer”) as administered by Xxxxx Insurance Group (“Agent”).

• The Alabama Supreme Court has “recognized the principle that a master may be indemnified against his servant when the master is liable solely by reason of the negligence of his servant.” Id. at 320; see American Southern Ins.

• However, to date, there has been no previous work on adaptive data-driven approaches for temporal re- ferring expression generation, where uncertainty in Proceedings of the SIGDIAL 2011: the 12th Annual Meeting of the Special Interest Group on Discourse and Dialogue, pages 142–151, Portland, Oregon, June 17-18, 2011.

• Exclusion of, including parent companies and subsidiaries of, American Safety Casualty Insurance Company, American Southern Insurance Company, Bond Safeguard Insurance Company, Lexon Insurance Company, and National Grange Mutual Insurance Company, from providing surety bonds for one year pursuant to Section 6-1.2.d of the Metro Subdivision Regulations.

• All claims are adjusted by the American Southern Insurance Company.

• Fifteen articles by Zhang Longhai, covering a wide variety of topics such as “Out of the Identity, Assimilation, Transculturation and Acculturation in Ren Bilian’s Into the Dreamland”; English and American Literature Studies, edited by Jiang Jiansong, Ning Yizhong, (CASS, 2000) collects the renowned Faulkner specialist Xiao Minghan’s article “The Social Causes of American Southern Renaissance” and Jiang Hui’s article “The Social Meaning of the Tragedy of Death of the Salesman".

• After giving effect to the execution and delivery of the Loan Documents and the making of any Revolving Loans under this Agreement, (i) each of the Borrower, American Southern and Bankers Fidelity Life is Solvent, and (b) the Borrower and its Subsidiaries, taken as a whole, are Solvent.

• At the turn of the twentieth century, the education infrastructure available to American Southern Blacks, particularly those living in rural areas, resembled the conditions faced by some rural communities in certain developing nations today.

• He is also a director of the following corporations: Bull Run Corporation, Atlantic American Corporation, Atlantic American Life Insurance Company, Bankers Fidelity Life Insurance Company, Delta Life Insurance Company, Delta Fire and Casualty Insurance Company, Georgia Casualty & Surety Company, American Southern Insurance Company, and American Safety Insurance Company and director emeritus of Wachovia Corporation.

• For more information on “time decay” please see entry #8 of the Glossary.