gross liability definition
gross liability means the liability assessed by an actuary at a valua- tion made by him or her and approved by the Commissioner;
gross liability shall have the meaning ascribed to such term in section 2.03(c)(iii)(1) hereof.
gross liability means liability before deducting any part of it which is re- insured;
More Definitions of gross liability
gross liability means the total contractual liability under the terms of the Company’s Policies. Gross Liability excludes Loss Adjustment Expense, claim interest and Extra Contractual Obligations. For Group Universal Life, Group Variable Universal Life and Executive Group Variable Universal Life, the cash accumulation fund is also excluded from the Gross Liability.
gross liability shall have the meaning ascribed to such term in section 2.03(c)(iii)(1) hereof. Section 1.57 “GSA Consummation Date” shall mean the date upon which occurs substantial consummation of a Delphi Plan that (A) provides for (i) the consideration to be received by GM as set forth in section 4.04 hereof and (ii) all releases described in section 4.01 hereof, and (B) contains provisions clarifying that to the extent of any inconsistency between the terms of the Delphi Plan and this Agreement (solely as to the subject matters addressed in this Agreement), the terms of this Agreement will govern. Section 1.58 “HMO” shall mean a health maintenance organization. Section 1.59 “IAM” shall mean, collectively, the International Association of Machinists and Aerospace Workers and its local unions that represent or formerly represented employees and former employees of the applicable Debtor entity. Section 1.60 “IAM MOU” shall mean the “IAM-Delphi GM Memorandum of Understanding-Delphi Restructuring” entered into as of July 31, 2007, as approved by the Bankruptcy Court on August 16, 2007, by and among Delphi, GM, and the IAM, including all attachments and exhibits thereto and all IAM-Delphi collective bargaining agreements referenced therein as modified and each as now or hereafter amended in connection herewith or implemented in accordance with an implementation agreement. Section 1.61 “IAM Releasing Parties” shall mean the IAM, all employees and former employees of Delphi-Related Parties represented or formerly represented by the IAM, and all persons or entities with claims derived from or related to any relationship with such employees or former employees of Delphi-Related Parties. Section 1.62 “IBEW” shall mean, collectively, the International Brotherhood of Electrical Workers and its local unions that represent or formerly represented employees and former employees of the applicable Debtor entity.
gross liability means the gross liabilities and obligations owed by ▇▇▇▇▇▇, including all (i) losses paid or payable to an insured or on behalf of an insured to a claimant, (ii) Extracontractual Obligations, (iii) IBNR, (iv) allocated and unallocated loss adjustment expenses incurred by ▇▇▇▇▇▇, and (v) commissions, profit sharing or remunerations paid or payable to Producers by ▇▇▇▇▇▇, but excluding all membership rights and obligations, as described in Section II.F.
gross liability means liability before deducting any part of it which is reinsured;