Free surplus definition

Free surplus means the [sum held by the health maintenance organization in assets and investments authorized by chapter 695C of NRS as its surplus and for its uncovered expenditures] total capital and surplus less any restricted funds, as reported on the most recent National Association of Insurance Commissioners Annual Statement.
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Free surplus means the [sum held by the health maintenance organization in assets and
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Free surplus means the total capital and surplus, as reported on the National Association of Insurance Commissioners’ form of annual statement.
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More Definitions of Free surplus

Free surplus means the [sum held by the non-profit corporation in assets and investments authorized by chapter 695B of NAC as its surplus and for its uncovered expenditures] total capital
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Free surplus means the sum held by the organization in assets and investments authorized by chapter 695C of NRS as its surplus and for its uncovered expenditures. Sec. 15. NAC 695C.137 is hereby amended to read as follows:
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Free surplus means the sum held by the health maintenance organization in assets and investments authorized by chapter 695C of NRS as its surplus and for its uncovered expenditures.
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Related to Free surplus

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Common Surplus means the amount of all receipts or revenues, including assessments, rents, or profits, collected by a condominium association which exceeds common expenses.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Adjusted Operating Surplus means, with respect to any period, (a) Operating Surplus generated with respect to such period less (b) (i) the amount of any net increase in Working Capital Borrowings (or the Partnership’s proportionate share of any net increase in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period and (ii) the amount of any net decrease in cash reserves (or the Partnership’s proportionate share of any net decrease in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period not relating to an Operating Expenditure made with respect to such period, and plus (c) (i) the amount of any net decrease in Working Capital Borrowings (or the Partnership’s proportionate share of any net decrease in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period, (ii) the amount of any net decrease made in subsequent periods in cash reserves for Operating Expenditures initially established with respect to such period to the extent such decrease results in a reduction in Adjusted Operating Surplus in subsequent periods pursuant to clause (b)(ii) above and (iii) the amount of any net increase in cash reserves (or the Partnership’s proportionate share of any net increase in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period required by any debt instrument for the repayment of principal, interest or premium. Adjusted Operating Surplus does not include that portion of Operating Surplus included in clause (a)(i) of the definition of “Operating Surplus.”