Examples of Company Loss in a sentence
Special Accounting: Even if a reinsurance contract transfers risk, SSAP 62 generally requires the special recognition (or deferral) of profits from Retroactive ReinsuranceCeding Company: Loss & LAE reserves must be recorded Gross of Retroactive Reinsurance and in all schedules and exhibits.Assuming Company: must exclude Retroactive Reinsurance from Loss & LAE reserves and in all schedules and exhibits.
The Company Loss Cost Multiplier is a three-digit factor reflecting the relationship of the company manual premium for the risk to the SFAA advisory loss cost for the risk (in loss cost states).
Historically, the allocation of the AEP System’s current consolidated federal income tax to the AEP System companies allocated the benefit of current tax loss of the parent company (Parent Company Loss Benefit) to the AEP System subsidiaries through a reduction of current tax expense.
Insuring Clause 2: Company Reimbursement We will pay, on behalf of the Company, Loss resulting from Claims first made against the Insured Persons and notified to Us during the Period of Insurance based on Management Wrongful Acts if, and to the extent that, the Company has agreed to provide indemnity to the Insured Persons for such Loss.
In the first quarter of 2022, AEP and subsidiaries changed accounting for the Parent Company Loss Benefit from a reduction of current tax expense to an allocation through equity.