Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.
Minimum capital or "minimum required capital" means the capital that must be
Minimum capital means capital representing a permanent commitment of funds by the shareholders of the banking institution (net of any loans and advances given to an insider and any borrowed capital) which is available to meet losses incurred without imposing a fixed unavoidable charge on the institution’s earnings, and includes such of the following elements as are available to the institution after making any required deductions—
Examples of Minimum capital in a sentence
Minimum capital of US$500,000 is required in order to engage in the insurance business in Paraguay.
Minimum capital levels are specified for different types of NBFI.82 The minimum capital requirement of brokers has been raised from PRs 250,000 to PRs 2.5 million, and capital adequacy ratios lifted to 25 times the firm’s equity.83 Mutual funds are limited to investing US$15 million overseas.84 Demutualization of the stock exchanges is progressing and a draft Demutualization Act is awaiting government approval.
Minimum capital requirements have recently been raised from PRs 150 million to PRs 500 million for life assurance and from PRs 80 million to PRs 300 million for non-life insurance; existing insurance companies must phase in these higher levels by 2010 and 2011, respectively.
More Definitions of Minimum capital
Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute. Refer also to "permanent surplus" under Subsection (76)(a) and Sections 31A-5-211, 31A-8-209, and 31A-9-209.
Minimum capital means the financial position of a co-operative society whose institutional capital is equal to ten per cent of its assets and whose membership capital is equal to five per cent of assets, in keeping with sections
Minimum capital means the Subordinated Debt and/or equity required by Section 8.11.
Minimum capital for purposes of this Act means minimum equity capital of a non-bank financial institution;
Minimum capital or "minimum required capital" means the capital that must 988 be constantly maintained by a stock insurance corporation as required by statute. 989 [(65)] (77) "Motor club" means a person: 990 (a) licensed under: 991 (i) Chapter 5, Domestic Stock and Mutual Insurance Corporations; 992 (ii) Chapter 11, Motor Clubs; or 993 (iii) Chapter 14, Foreign Insurers; and 994 (b) that promises for an advance consideration to provide for a stated period of time: 995 (i) legal services under Subsection 31A-11-102(1)(b); 996 (ii) bail services under Subsection 31A-11-102(1)(c); or 997 (iii) trip reimbursement, towing services, emergency road services, stolen automobile 998 services, a combination of these services, or any other services given in Subsections 999 31A-11-102(1)(b) through (f). 1000 [(66)] (78) "Mutual" means mutual insurance corporation. 1001 [(67)] (79) "Nonparticipating" means a plan of insurance under which the insured is not 1002 entitled to receive dividends representing shares of the surplus of the insurer. 1003 [(68)] (80) "Ocean marine insurance" means insurance against loss of or damage to: 1004 (a) ships or hulls of ships; 1005 (b) goods, freight, cargoes, merchandise, effects, disbursements, profits, moneys, 1006 securities, choses in action, evidences of debt, valuable papers, bottomry, respondentia interests, 1007 or other cargoes in or awaiting transit over the oceans or inland waterways; 1008 (c) earnings such as freight, passage money, commissions, or profits derived from 1009 transporting goods or people upon or across the oceans or inland waterways; or 1010 (d) a vessel owner or operator as a result of liability to employees, passengers, bailors, 1011 owners of other vessels, owners of fixed objects, customs or other authorities, or other persons in 1012 connection with maritime activity. 1013 [(69)] (81) "Order" means an order of the commissioner. 1014 (82) "Outline of coverage" means a summary that explains an accident and health 1015 insurance policy. 1016 [(70)] (83) "Participating" means a plan of insurance under which the insured is entitled 1017 to receive dividends representing shares of the surplus of the insurer.
Minimum capital means the minimum amount of capital of Mediobanca, as provided for by the Bank of Italy from time to time for the purposes of obtaining or maintaining the authorisation of the Bank of Italy to carry on banking activities, as determined by the external auditors of Mediobanca and certified in writing by two directors of Mediobanca.
Minimum capital. ’ means the minimum capital as provided for by the Bank of Italy from time to time for the issuance or maintenance of the Bank of Italy’s authorisation to carry on banking activities and as determined by the external auditors of the Issuer and certified in writing to the Issuer and the Paying Agents by two directors of the Issuer;