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.
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.