Examples of Domestic Insurance Subsidiary in a sentence
In the event that the NAIC or any Applicable Insurance Regulatory Authority shall at any time promulgate any risk-based capital ratio requirements or guidelines, the Borrowers shall cause each Domestic Insurance Subsidiary that is a Material Insurance Subsidiary to comply with the minimum requirements or guidelines applicable to it as established by the NAIC or such Applicable Insurance Regulatory Authority.
In the event that the NAIC or any Applicable Insurance Regulatory Authority shall at any time promulgate any risk- based capital ratio requirements or guidelines, the Borrowers shall cause each Domestic Insurance Subsidiary that is a Material Insurance Subsidiary to comply with the minimum requirements or guidelines applicable to it as established by the NAIC or such Applicable Insurance Regulatory Authority.
The term "Risk-Based Capital" means the risk-based capital of a Domestic Insurance Subsidiary calculated in accordance with the formula adopted from time to time by the NAIC or by the applicable Insurance Regulatory Authority of the state of such Insurance Subsidiaries' domicile.
The Borrower has delivered to the Agent and the Banks financial statements for each Domestic Insurance Subsidiary as at and for the fiscal year ended December 31, 1998.
Such financial statements are complete and correct, have been prepared in accordance with SAP, and fairly and accurately present the financial condition of the applicable Domestic Insurance Subsidiary as of the respective dates indicated therein and the results of operations for the respective periods indicated therein subject to normal year end audit adjustments.
The Licencee shall construct open cut stream crossings associated with the Development in accordance with the methodologies described in the October, 2005 publication “Pipeline Associated Watercourse Crossings Third Edition”, published by the Canadian Pipeline Water Crossing Committee, and the May, 1996 publication “Manitoba Stream Crossing Guidelines for the Protection of Fish and Fish Habitat”, published by the Department of Fisheries and Oceans and Manitoba Natural Resources.
Such financial statements are complete and correct, have been prepared in accordance with SAP, and fairly and accurately present the financial condition of the applicable Domestic Insurance Subsidiary in all material respects as of the respective dates indicated therein and the results of operations for the respective periods indicated therein subject, in the case of interim financial statements, to normal year end audit adjustments.
As of the end of each calendar year, the Borrower will not permit the Risk-Based Capital of any Domestic Insurance Subsidiary to fall below 200% of the company action level (as defined by the NAIC or by the applicable Insurance Regulatory Authority of the state of such Insurance Subsidiaries' domicile) for such Subsidiary.
The Borrower has delivered to the Banks financial statements for each Domestic Insurance Subsidiary as of and for the fiscal years ended December 31, 1998, 1999 and 2000 and interim financial statements as of and for the fiscal quarters ended March 31, 2001, June 30, 2001 and September 30, 2001.