Capital and Surplus definition

Capital and Surplus means, as to any Insurance Subsidiary, as of any date, the total amount shown on line 38, page 3, column 1 (or such other line on which the equivalent information is provided on any other such Annual Statement) of the Annual Statement of such Insurance Subsidiary as of such date, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

Capital and Surplus means, unless otherwise provided in this part:

Capital and Surplus means the sum of the capital and surplus of the insurer required to be shown on the statutory financial statement of the insurer most recently required to be filed with the commissioner.

Examples of Capital and Surplus in a sentence

• Capital and surplus may be in the form of cash, marketable securities, a trust approved by the Commissioner and of which the Commissioner is the sole beneficiary, or an irrevocable letter of credit issued by a bank approved by the Commissioner.Sec.

• Capital and surplus, as of statement date (Lines 36 + 54) DETAILS OF WRITE-INS08.301.

• Capital and surplus may be in the form of cash or an irrevocable letter15 of credit issued by a bank chartered by the state of Missouri or a member bank16 of the Federal Reserve System, and approved by the director.379.1310.

• Capital and surplus as of statement date (Lines 36 + 54) DETAILS OF WRITE-INS08.301.

• T h e OCC’s I n t e rn a t io n a l B a n k i n g a n d F i n a n ce Dep a r t m e n t fo r fede r a l b r a n c h es a n d a ge n cies of fo r eig n b a n k s.( d) Capital and surplus m e a n s:(1) A b a n k’s T ie r 1 a n d T ie r 2 c a pi t a l c a lc u l a t ed un de r t h e OCC’s r i s k - b a sed c a pi t a l s t a n d a r ds se t fo r t h i n Appe n dix A t o 12 C F R p a r t 3 a s r epo r t ed i n t h e b a n k’s Co n solid a t ed R epo r t of Co n di- t io n a n d I n co m e filed un de r 12 U.

More Definitions of Capital and Surplus

Capital and Surplus means, as of any date, (a) as to any Insurance Subsidiary domiciled in the United States, the total surplus as regards to policyholders (or any successor line item description that contains the same information) as shown in its Annual Statement or Interim Statement, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement or Interim Statement is prepared and (b) as to any other Insurance Subsidiary, the equivalent amount (determined in good faith by the Borrower).

Capital and Surplus means the amount by which the value of all of the assets of the captive insurance company exceeds all of the liabilities of the captive insurance company, as determined under the method of accounting utilized by the captive insurance company in accordance with the applicable provisions of this Chapter 69.”.

Capital and Surplus means, as to any Insurance Subsidiary, as of any date, total assets minus total liabilities of such Insurance Subsidiary, as at the end of the most recently ended fiscal quarter of such Insurance Subsidiary for which financial statements are available, determined in accordance with SAP.

Capital and Surplus means the amount by which the value of

Capital and Surplus means, for any Insurance Subsidiary as of any date, the total statutory capital and surplus (or any successor line item description that contains the same information) as shown in its Statutory Statement, or an amount determined in a consistent manner for any date other than one as of which a Statutory Statement was prepared.

Capital and Surplus means the sum of the capital and surplus of

Capital and Surplus means, as of any date of determination, an amount equal to (a) the aggregate capital and surplus of Central Reserve and LAI (as would be reflected in line 38, column 1 in the “Liabilities, Surplus and Other Funds” section of the balance sheet in each such Person’s Statutory Statements) as of such date, plus (b) the aggregate asset valuation reserves of the Target Insurance Companies (as would be reflected in line 24.01, column 1 in the “Liabilities, Surplus and Other Funds” section of the balance sheet in each such Person’s Statutory Statements) as of such date, minus (c) any deferred tax assets of the Target Insurance Companies (as would be reflected in line 18.2, column 3 in the “Assets” section of the balance sheet in each such Person’s Statutory Statements) as of such date, in each case, determined in accordance the Agreed Accounting Principles.