Examples of Company Statutory Financial Statements in a sentence
All reserves of the Company Insurance Subsidiaries set forth in the Company Statutory Financial Statements are fairly stated in accordance with sound actuarial principles and meet the requirements of the insurance laws of the applicable insurance authority, except where the failure to so state such reserves or meet such requirements have not had, or would not, individually or in the aggregate, reasonably be expected to have, a Company Material Adverse Effect.
The aggregate reserves of the Company Insurance Subsidiaries as recorded in the Company Statutory Financial Statements and the reserves or similar obligations of the Company and the Company's non-insurance subsidiaries have been determined in accordance with generally accepted actuarial principles consistently applied (except as set forth therein).
The Company has delivered to AFI or Merger Sub true and complete copies of the Company Statutory Financial Statements.
Except as required by Applicable Law or Statutory Accounting Practices, the insurance and annuity reserving practices and policies of the Company Insurance Subsidiaries have not changed, in any material respect, since January 1, 2001 and the results of the application of such practices and policies are reflected in the Company Statutory Financial Statements.
No representation or warranty by the Company or the Company Subsidiaries in this Agreement, including the Company Disclosure Letter, and no statement contained in the Company SEC Reports and the Company Statutory Financial Statements contains or will contain any untrue statement of a material fact or omits or will omit to state any material fact necessary, in light of the circumstances under which it was made, to make the statements herein or therein not misleading.
Except as set forth in Section 3.10 of the Company Disclosure Letter, the Company has not received any response, claim, question, notice, show cause order or objections from any regulatory body relating to any Company Statutory Financial Statements for the year ended December 31, 1998 whether with respect to the manner in which such were prepared or the financial condition of the Company or a Company Subsidiary covered thereby or otherwise.
The aggregate insurance and annuity reserves of the Company Insurance Subsidiaries as recorded in the Company Statutory Financial Statements have been determined in all material respects in accordance with generally accepted actuarial principles consistently applied (except as set forth therein).
The Company Statutory Financial Statements present fairly in all material respects the financial position and the results of operations of the Company as at the respective dates of and for the periods referred to therein in accordance with State Statutory Accounting Practices, consistently applied, except as referred to in the notes, exhibits or schedules thereto.
The Company has delivered or made available to Buyer true and complete copies of the Company Statutory Financial Statements.
The loss recognition analyses were generated from the same underlying sources and systems that were utilized by the Company to prepare the Company Statutory Financial Statements, were derived from the books and records of the Company at the relevant time of preparation (which preparation was accurate in all material respects), and was, to the Knowledge of the Company, were prepared in conformity in all material respects with applicable Law.