BSCR definition
BSCR means Basic Solvency Capital Requirement and has the meaning as ascribed thereto by clause 4(5);
BSCR means basic solvency capital requirement, as determined under regulation 25;
BSCR means basic solvency capital requirement, as determined under regulation 33;
Examples of BSCR in a sentence
The Reinsurer shall provide the Ceding Company written notice within [REDACTED] Business Days after becoming aware of the Reinsurer’s BSCR Ratio falling below [REDACTED] .
The Reinsurer shall provide the Ceding Company written notice within [REDACTED] after becoming aware of the Reinsurer’s BSCR Ratio falling below [REDACTED] .
Within five (5) Business Days of the submission by the Reinsurer to the Bermuda Monetary Authority of a report containing its BSCR as of the end of the previous calendar year, the Reinsurer shall provide to the Ceding Company written certification of its BSCR as of the end of such calendar year.
More Definitions of BSCR
BSCR means, as of any date of determination, with respect to the Reinsurer, the ratio of “Total Capital” to the “Bermuda Solvency Capital Requirement” of the Reinsurer, each as prescribed by the Bermuda Monetary Authority in effect at the time the calculation is made, as calculated in accordance with the then-prevailing “Bermuda Solvency Capital Requirement” factors.
BSCR means the Bermuda Solvency Capital Requirements.
BSCR means, as of any date of determination, the Bermuda Solvency Capital Requirement as prescribed by the Bermuda Monetary Authority and in accordance with the methodology therefor as of such date, including calculating the relevant amounts using the applicable transitional factors prescribed by the Bermuda Monetary Authority.
BSCR means the Bermuda Solvency Capital Requirements;