Authorized Control Level definition

Authorized Control Level means “Authorized Control Level Risk-Based Capital” as defined by the NAIC as of December 31, 1994, as such definition has been amended from time to time, and as applied in the context of the Risk-Based Capital Guidelines promulgated by the NAIC.
Sample 1Sample 2Sample 3
Authorized Control Level means “Authorized Control Level” as defined by NAIC from time to time and as applied in the context of the Risk-Based Capital Guidelines promulgated by NAIC (or any term substituted therefor by NAIC).
Sample 1Sample 2Sample 3
Authorized Control Level means "Authorized Control Level" as defined by ------------------------ the NAIC from time to time and as applied in the context of the Risk-Based Capital Guidelines promulgated by the NAIC (or any term substituted therefor by the NAIC). In the event that there is a conflict between the risk-based capital formulas adopted by the NAIC and any applicable department of insurance, the calculation of the applicable department of insurance shall govern.
Sample 1Sample 2

Examples of Authorized Control Level in a sentence

  • Risk Based Capital — The Total Adjusted Capital figure in Column One from the page titled Five Year Historical Data in the Annual Statement for the most recent year filed with PID, divided by the Authorized Control Level Risk-based Capital figure.

  • If the reported Authorized Control Level Risk-Based Capital for a company exceeds that printed in the annual statement by more than 5 percent, or if the reported Risk-Based Capital triggers regulatory action, a revised filing of the annual statement with the reported results is required to be made to the NAIC and the state of domicile by June 15; otherwise re-filing is permitted but not required.

  • At the Authorized Control Level, the insurance commissioner is authorized to take control of the company.

  • The Company will maintain at all times Total Adjusted Capital in an amount not less than 4.0 times the Company’s Authorized Control Level Risk-Based Capital.

  • Trusteed Assets shall at all times be in an amount equal to the United States Branch's reserves and other liabilities plus the minimum capital and surplus or Authorized Control Level Risk Based Capital, whichever is greater, required to be maintained by a Domestic Insurer licensed to do the same kind(s) of insurance.

  • For the electronic filing of risk-based capital the reported Authorized Control Level Risk-Based Capital should be no less than the amount required, using year-end data but not necessarily requiring a complete recalculation as of year-end using the NAIC Instructions which include this methodology for Variable Annuities and Similar Products.

  • The RBC system currently has four action and control levels:Company Action Level (200 percent of Authorized Control Level [ACL]) Regulatory Action Level (150 percent of ACL)Authorized Control Level (100 percent of ACL) Mandatory Control Level (70 percent of ACL) At the Company Action Level, the company must submit a plan to improve its capital position.

  • If the Ceding Company has become insolvent or is unable to pay its debts or has a Risk-Based Capital ratio of less than [***]% of its Authorized Control Level Risk Based Capital (each term as defined in the insurance laws and regulations in the Ceding Company’s state of domicile) or has had the authority to transact any class of insurance withdrawn, suspended or made conditional by any court or regulatory authority.

  • For a period of five (5) years from the consummation of the transaction, the Applicants shall direct their respective representatives on the board of directors to cause the Domestic Insurer to maintain a minimum Authorized Control Level Risk Based Capital (RBC) level of 300%, or higher at all times and a liquidity ratio at or below 100%.

  • CEs can make the SFMNP accessible to persons with disabilities by: • Moving to accessible buildings,• Assigning aides to assist participants,• Delivering services at alternate accessible sites (for facilities with 15 or fewer employees),• Redesigning equipment,• Changing the schedule of service hours,• Altering existing facilities, and• Constructing new, accessible facilities.


More Definitions of Authorized Control Level

Authorized Control Level means the number which appears as line 28 of the Five Year Historical Data Schedule of the Annual Statement of National Life for the most recent year or such number as would appear on such line if a comparable number were computed as of the end of any calendar quarter. "Governmental Authority": any nation or government, any state or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. "Person": an individual, partnership, corporation, business trust, joint stock company, trust, unincorporated association, joint venture, limited liability company, Governmental Authority, or other entity of whatever nature. "Pledge and Security Agreements": shall mean, collectively (i) the Pledge and Security Agreement of even date herewith executed by the Holding Company in favor of National Life, and (ii) the Pledge and Security Agreement of even date herewith executed by NLV Financial in favor of National Life. "Total Adjusted Capital": means the number which appears as line 27 of the Five Year Historical Data Schedule of the Annual Statement of National Life for the most recent year or such number as would appear on such line if a comparable number were computed as of the end of any calendar quarter. "Undertaking": as defined in the Second Recital.
Sample 1
Authorized Control Level has the meaning specified in subsection J of Section 1 (or the relevant successor section, if any) of the Model Act.
Sample 1
Authorized Control Level means, with respect to any Life Insurance Subsidiary, the dollar amount computed as such Life Insurance Subsidiary's authorized control level Risk-Based Capital in accordance with the RBC Instructions.
Sample 1
Authorized Control Level means “Authorized Control Level” as defined by NAIC from time to time and as applied in the context of the Risk Based Capital Guidelines promulgated by NAIC (or any term substituted therefor by NAIC).
Sample 1
Authorized Control Level means an amount of risk-based capital that is equal to the "Authorized Control Level RBC" of Penn Life, as such term is defined in Section 221.1-A of Article V-A of the Pennsylvania Insurance Department Act of 1921 as in effect on December 31, 2010.
Sample 1

Related to Authorized Control Level

  • authorized control level RBC means the number determined under the risk-based capital formula in accordance with the RBC instructions;

  • Authorized Contact is a representative authorized by Customer to request service changes using procedure outlined herein.

  • mandatory control level RBC ’ means the product of .70 and the authorized control level RBC.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Base Level means the following amounts plus the percentage

  • Authorized Amount means $ , the maximum principal amount of the Funding Loan under this Funding Loan Agreement.

  • Automatic Location Identification Gateway or "ALI Gateway" is a computer facility into which CLEC delivers Automatic Location Identification (ALI) data for CLEC Customers. Access to the ALI Gateway will be via a dial-up modem using a common protocol. "Automatic Number Identification" or "ANI" is the Billing telephone number associated with the access line from which a call originates. ANI and Calling Party Number (CPN) usually are the same number. "Automatic Route Selection" or "ARS" is a service feature that provides for automatic selection of the least expensive or most appropriate transmission facility for each call based on criteria programmed into a circuit Switch routing table or system.

  • State Level Monitoring Cell means the body constituted by the State Government for the control and elimination of ragging in institutions within the jurisdiction of the State, established under a State Law or on the advice of the Central Government, as the case may be.

  • Latest Level means, in respect of an Inflation Index, the latest level of such Inflation Index (excluding any "flash" estimates) published or announced by the relevant Inflation Index Sponsor prior to the month in respect of which the Substitute Index Level is being determined.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Use Level means the maximum permitted use level for each Use Type, as specified in the applicable Notification Form.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Monthly Average Subscriber Level means the average number of Subscribers of the Licensee in a particular month, as set forth in the applicable month’s Subscriber Report (refer Schedule D).

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Maximum contaminant level goal or “MCLG” means the maximum level of a contaminant in drinking water at which no known or anticipated adverse effect on the health of persons would occur, and which allows an adequate margin of safety. MCLGs are nonenforceable health goals.

  • Authorized emergency vehicle means any of the following:

  • Location Routing Number (LRN means the ten (10) digit number that is assigned to the network switching elements (Central Office–Host and Remotes as required) for the routing of calls in the network. The first six (6) digits of the LRN will be one of the assigned NPA NXX of the switching element. The purpose and functionality of the last four (4) digits of the LRN have not yet been defined but are passed across the network to the terminating switch.

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Identification Date means each December 31.

  • Elevated blood lead level (EBL) means an excessive absorption of lead that is a confirmed concentration of lead in whole blood of 20 µg/dl (micrograms of lead per deciliter of whole blood) for a single venous test or of 15-19 µg/dl in two consecutive tests taken three to four months apart.

  • Incremental Rights-Eligible Required Transmission Enhancements means Regional Facilities and Necessary Lower Voltage Facilities or Lower Voltage Facilities (as defined in Tariff, Schedule 12) and meet one of the following criteria: (1) cost responsibility is assigned to non-contiguous Zones that are not directly electrically connected; or (2) cost responsibility is assigned to Merchant Transmission Providers that are Responsible Customers.

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Required Capital Level means an amount of capital equal to 0.5% of the initial principal amount of the Securitization Bonds.