IMR/AVR definition

IMR/AVR means, as to any of the Reliance Standard Insurance Companies at a particular date, the interest maintenance reserve of such Reliance Standard Insurance Companies, computed in accordance with SAP as reported on line 11.4, page 3, column 1 of the Annual Statement, plus the asset valuation reserve of such Reliance Standard Insurance Companies, computed in accordance with SAP as reported on line 24.1, page 3, column 1 of the Annual Statement.
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IMR/AVR. As to any Insurance Subsidiary at a particular date, the sum of (a) the interest maintenance reserve of such Insurance Subsidiary, computed in accordance with SAP as reported on line 9.4, page 3, column 1 of the Annual Statement PLUS (b) the asset valuation reserve of such Insurance Subsidiary, computed in accordance with SAP as reported on line 24.1, page 3, column 1 of the Annual Statement.
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Examples of IMR/AVR in a sentence

  • Not permit Capital and Surplus plus IMR/AVR of RSL to be less than $190,000,000 at any time and not permit Capital and Surplus of Safety National to be less than $155,000,000 at any time.

  • Not permit Capital and Surplus plus IMR/AVR of RSL to be less than $225,000,000 at any time and not permit Capital and Surplus of Safety National to be less than $160,000,000 at any time.

  • Not permit the ratio of Statutory Liabilities minus IMR/AVR of RSL to Capital and Surplus plus IMR/AVR of RSL to exceed 15.0:1 at any time.

  • Not permit (a) Capital and Surplus plus IMR/AVR of BLC to be less than $300,000,000 at any time, (b) Capital and Surplus plus IMR/AVR of BSL to be less than $120,000,000 at any time or (c) Capital and Surplus plus IMR/AVR of GARCO to be less than $160,000,000 at any time.

  • Permit the sum of Capital and Surplus plus IMR/AVR of AEILIC to be less at any time than the sum of(a) $140,000,000, PLUS (b) 25% of Statutory Net Income of AEILIC after December 31, 1999, PLUS (c) 75% of the actual sum of contributions to the Capital and Surplus of AEILIC made subsequent to December 31, 1999.

  • Not permit Capital and Surplus plus IMR/AVR of RSL to be less than $150,000,000 at any time and not permit Capital and Surplus of Safety National to be less than $75,000,000 at any time.