NAIC Annual Statement definition

NAIC Annual Statement is defined in Section 6.2(a).

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NAIC Annual Statement shall have the meaning set forth in paragraph 9B.

NAIC Annual Statement is defined in Section 6.2(a). “Non-U.S. Plan” means any plan, fund or other similar program that (a) is established or maintained outside the United States of America by the Company or any Subsidiary primarily for the benefit of employees of the Company or one or more Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and (b) is not subject to ERISA or the Code. “OFAC” mean the Office of Foreign Assets Control of the United States Department of the Treasury. “OFAC Sanctions Program” means any economic or trade sanction that OFAC is responsible for administering and enforcing. A list of OFAC Sanctions Programs may be found at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/resource-center/sanctions/Programs/Pages/Programs.aspx. “Officer’s Certificate” means a certificate of a Senior Financial Officer or of any other officer of the Company whose responsibilities extend to the subject matter of such certificate. “Person” means an individual, partnership, corporation, limited liability company, association, trust, unincorporated organization, business entity or Governmental Authority. “Plan” means an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is or, within the preceding five years, has been established or maintained, or to which contributions are or, within the preceding five years, have been made or required to be made, by the Company or any ERISA Affiliate or with respect to which the Company or any ERISA Affiliate may have any liability. “property” or “properties” means, unless otherwise specifically limited, real or personal property of any kind, tangible or intangible, ▇▇▇▇▇▇ or inchoate. “PTE” is defined in Section 6.2(a). “Purchasers” means the Purchasers named in Schedule A hereto. “QPAM Exemption” is defined in Section 6.2(d). “Related Fund” means, with respect to any holder of any Bond, any fund or entity that (a) invests in securities (as defined in Section 2(a)(1) of the Securities Act) or bank loans, and (b) is advised or managed by such holder, the same investment advisor as such holder or by an affiliate of such holder or such investment advisor. “Reporting Controls” is defined in Section 5.19(a)(iii).

Examples of NAIC Annual Statement in a sentence

• The term “dispute” shall be as defined consistent with the NAIC Annual Statement Instructions.

• These reports will contain sufficient information about the Annuities to enable the Reinsurer to prepare its annual financial reports and to verify information reported in Schedule C and will include entries for Schedule S of the NAIC Annual Statement blank.

• The term “Interest Maintenance Reserve,” as used in this Agreement, shall mean the interest maintenance reserve determined in accordance with Page 3, Column 1, Line 9.4 of the Ceding Company’s 2007 NAIC Annual Statement blank, with respect to the Segregated Asset Portfolio described in Schedule E.

• On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “Accrued for Expense Allowance Recognized in Reserves” (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10-year Treasury rate + 75 basis points] will be shown as a credit to the Company on the Accountings.

• Allocated Loss Adjustment Expense and Unallocated Loss Adjustment Expense shall be in accordance with statutory accounting rules, as described in the NAIC Annual Statement Instructions.

More Definitions of NAIC Annual Statement

NAIC Annual Statement is defined in Section 7.2(a).

NAIC Annual Statement is defined in Section 5.3(a).

NAIC Annual Statement shall have the meaning provided in Section 6.2(a).

NAIC Annual Statement has the meaning assigned to such term in Section 8.12(c)(i).

NAIC Annual Statement has the meaning specified in Section 10.09(b)(i).

NAIC Annual Statement is defined in Section 6.2(a) of the Second Supplement.

NAIC Annual Statement is defined in Section 6.2(a). “Net Proceeds Amount” means, with respect to any Transfer of any asset by the Company or any Subsidiary thereof, an amount equal to the difference of: (a) the aggregate amount of consideration (valued at the fair market value thereof by the Company or such Subsidiary in good faith) received by the Company or Subsidiary in respect of such Transfer, minus (b) all ordinary and reasonable out-of-pocket costs and expenses actually incurred by the Company or Subsidiary (including any applicable transfer taxes, stamp duty or other similar taxes) in connection with such Transfer. “Non-recourse Debt” of any Person means Indebtedness secured by a Lien on one or more assets or rights to receive revenue of such Person or its Affiliates where the rights and remedies of the holder of such Indebtedness in respect of such Indebtedness are non-recourse to such Person or its Affiliates and do not extend to any other assets or rights to receive revenue of such Person or its Affiliates and, if such Person or its Affiliates is organized under the laws of or doing business in the United States or any political subdivision thereof or therein, as to which such holder has effectively waived (or subordinated in favor of the holders of the Notes) such holder’s right to make the election provided under 11 U.S.C. §1111(b)(1)(A). “Non-U.S. Plan” means any plan, fund or other similar program that (a) is established or maintained outside the United States of America by the Company or any Subsidiary primarily for the benefit of employees of the Company or one or more Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and (b) is not subject to ERISA or the Code.