Independent Actuarial Firm definition

Independent Actuarial Firm means Xxxxxxxx, Inc. or the Xxxxxxxxxxx business of Towers Xxxxxx, as applicable, or such firm’s successors and assigns.
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Independent Actuarial Firm means either Tillxxxxxxx-Xxxxxx Xxxrxx or Millxxxx & Xobexxxxx, Xxc., whichever is mutually agreed upon by Buyer and the Sellers' Advisory Representative.
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Independent Actuarial Firm means Xxxxxxxx, Inc. or such other independent actuarial firm of national reputation as may be mutually acceptable to Seller and Buyer.
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Examples of Independent Actuarial Firm in a sentence

  • The method used by the Independent Actuarial Firm for working out the probabilistic valuation is detailed as follows: Future cash flows – The Investment Manager estimates the future premiums to be paid by internally analysing each life policy’s documentation to determine optimal premium requirements.

  • These requirements of necessity and proportionality for a lawful reprisal are analogous to the requirements of necessity and proportionality (discussed immediately below) for the lawful exercise of the right of self-defense.

  • If Quanex and the Purchasing Parties are unable to resolve any such dispute regarding the actuarial computations (but not with respect to any dispute regarding the contractual interpretation of this section) within 30 days of the delivery of the Buyer's Transfer Amount Statement, such dispute shall be resolved by a nationally recognized independent actuarial firm mutually acceptable to Quanex and the Purchasing Parties (the "Independent Actuarial Firm").

  • Unless otherwise specified in the Appendix relating to a particular Fund, the value of Life Settlements held by each Fund will be determined by the Investment Manager through the use of an Independent Actuarial Firm based on the valuation technique known as the “probabilistic approach”.

  • The Independent Actuarial Firm is provided with a schedule of the optimised future premiums.

  • Probabilistic calculation – The Independent Actuarial Firm applies a probability factor from the actuary’s mortality table to the expected future cash flows.

  • The Investment Manager may choose to receive more than one underwriting report and may instruct the Independent Actuarial Firm to use blended figures.

  • The proposed Transfer Amount set forth in the Seller's Transfer Amount Statement, as modified to reflect the resolution of disputes between the Seller and the Buyer or by the Independent Actuarial Firm in accordance with this Section 0.6.1, shall be the "Transfer Amount".

  • If the Market Value of the Reg 114 Eligible Collateral held in the Reg 114 Trust Account is less than the Reg 114 Minimum Collateral Requirement, the Reinsurer shall deposit into the Reg 114 Trust Account additional Reg 114 Eligible Collateral with a Market Value equal to such deficiency within fifteen (15) Business Days of its calculation of the Reg 114 Minimum Collateral Requirement or the determination of such amount by the Independent Actuarial Firm in accordance with Paragraph I above.

  • All Colleges’ faculty members are expected to contribute to the well-being of the College community by working to achieve both individual goals and Colleges’/faculty goals.


More Definitions of Independent Actuarial Firm

Independent Actuarial Firm means a nationally recognized independent actuarial firm mutually agreed between the Parties in writing.
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Independent Actuarial Firm shall have the meaning set forth in Section 6.06(f) hereof.
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Independent Actuarial Firm has the meaning set forth in Section 2.6(b).
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Independent Actuarial Firm has the meaning set forth in Section 1.4(b) of this Agreement.
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Related to Independent Actuarial Firm

  • Independent Accounting Firm means such nationally recognized, independent accounting firm as is mutually appointed by Seller and Purchaser for purposes of this Agreement.

  • Independent Accountant has the meaning set forth in Section 2.04(c)(iii).

  • Actuary means a person who is a member in good standing of the American academy of actuaries.

  • Independent Tax Counsel means a lawyer, a certified public accountant with a nationally recognized accounting firm, or a compensation consultant with a nationally recognized actuarial and benefits consulting firm with expertise in the area of executive compensation tax law, who shall be selected by the Employer and shall be reasonably acceptable to the Executive, and whose fees and disbursements shall be paid by the Employer.

  • Independent Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing (which may be the firm that regularly examines the financial statements of the Issuer) that is regularly engaged in the business of appraising the Capital Stock or assets of corporations or other entities as going concerns, and which is not affiliated with either the Issuer or the Holder of any Warrant.

  • Appointed actuary means any individual who is appointed or retained in accordance with the requirements set forth in 5.34(5)“c” to provide the actuarial opinion and supporting memorandum as required by Iowa Code section 508.36.

  • Actuarial opinion means the opinion of an appointed actuary regarding the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with subrule 5.34(6) and with applicable actuarial standards.

  • Actuarial valuation means a mathematical determination of

  • Independent Auditors has the meaning set forth in Section 3.2.

  • Actuarial Standards Board means the board established by the American Academy of Actuaries to develop and promulgate standards of actuarial practice.

  • Independent Valuer means Massarsky Consulting, Inc., appointed by the Board to independently value the Company’s Catalogues within the Portfolio;

  • Independent Firm means a recognized law or accounting firm, provided however, that such term shall not include any accounting firm that performs or has preformed audit services with respect to ALLETE or ADESA.

  • Independent Financial Expert means a nationally recognized accounting, investment banking or consultant firm, which firm does not have a material financial interest or other material economic relationship with either the Company or any of its Affiliates or the Holder or any of its Affiliates that is, in the good faith judgment of the Board, qualified to perform the task for which it has been engaged.

  • Independent Auditor has the meaning specified in subsection 7.01(a).

  • Valuation Firm has the meaning set forth in Section 1.6(c).

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • Independent Financial Consultant means a financial consultant or firm of such consultants generally recognized to be well qualified in the financial consulting field, appointed and paid by the District, who, or each of whom:

  • Adverse Benefit Determination means any of the following:

  • Qualified actuary means a member in good standing of the American Academy of Actuaries.

  • Tax Counsel shall have the meaning set forth in Section 6.2 hereof.

  • Independent living means a planned program of services designed to assist a child age 16 and over

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

  • Licensed Independent Practitioner means any individual permitted by law and by the Medical Staff and Board to provide care and services without direction or supervision, within the scope of the individual’s license and consistent with individually granted clinical privileges.

  • Actuarial method means the method of allocating a fixed level payment on a Receivable between principal and interest, pursuant to which the portion of such payment that is allocated to interest is the product of one-twelfth (1/12) of the APR on the Receivable multiplied by the scheduled principal balance of the Receivable.

  • independent review committee means the independent review committee of the investment fund established under National Instrument 81-107 Independent Review Committee for Investment Funds;

  • the Auditors means the auditors from time to time of the company or, in the case of joint auditors, any one of them;