Maximum Potential Loss definition

Maximum Potential Loss means the maximum possible reduction of the consolidated surplus as regards policyholders of the Insurance Subsidiaries (without regard to any 13 20 Reinsurance Agreement or any Retrocession Agreement under which any such Insurance Subsidiary is a cedent) which could result from any event or occurrence, as reasonably estimated by the management of the Borrower.
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Examples of Maximum Potential Loss in a sentence

  • Index Guard Strategy Daily Adjustment Maximum Potential Loss 0% 99% 35% (as a percentage of Index Option Value, applies for distributions from an Index Option before any Term End Date) Premium tax is based on your state of residence at the time you make each Purchase Payment.

  • Cause the Insurance Subsidiaries to maintain reinsurance protection with respect to each type of business which in the event of a Maximum Potential Loss limits the reduction in consolidated surplus of Insurance Subsidiaries to five percent (5%) of consolidated surplus.

Related to Maximum Potential Loss

  • Partial Loss means, with respect to any ACS Group Aircraft, any event or occurrence of loss, damage, destruction or the like which is not a Total Loss.

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income, reduced by any income from substitute work the injured victim was capable of performing but unreasonably failed to undertake.

  • Material Loss means an uninsured:

  • Total Loss means, in relation to a Ship: