Other Underwriting Expenses definition

Other Underwriting Expenses means the amount incurred during each calendar year for all expenses not reported elsewhere. Initial organizational costs incurred by the fund may be amortized by the straight line method over sixty (60) months.
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Other Underwriting Expenses means those expense items listed under "Other Underwriting Expenses," Column 2 of Part 4-Expenses of the "Underwriting and Investment Exhibit" on page 12 of the NAIC Blank Statutory Annual Statement Form for the year 2000; PROVIDED that Other Underwriting Expenses shall not include (i) extraordinary one-time expenses of the parties related to effecting the Master Agreement, (ii) Unallocated Loss Adjustment Expenses, or (iii) Independent Producer roll-over commissions contemplated by the Renewal Rights Agreement.
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Other Underwriting Expenses has the meaning specified in Section 2.3(c).
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Examples of Other Underwriting Expenses in a sentence

  • Acquisition Costs and Other Underwriting Expenses; Expense Ratio.

  • Ceding commissions also will include an additional amount of Other Underwriting Expenses equal to direct charges incurred by the company for travel, underwriting, and other expenses directly incurred by the Company to underwrite Traditional Programs.

  • The same line items for all departments other than claims management should be part of the Other Underwriting Expenses columns and only in the Shareholder’s accounts.

  • Premiums Written Premiums Earned Incurred LossLoss Adjustment ExpensesDCC IncurredAO Incurred Unpaid LossesLoss Adjustment ExpensesUnearned Premium Reserve Agents' BalancesDCC UnpaidAO Unpaid Other Underwriting Expenses Incurred Other Income Less Other Expenses Commission & Brokerage Taxes, Licenses & Fees 7.3 Statement of Actuarial Opinion‌R-Dan General Insurance Company Statement of Actuarial OpinionAs of December 31, 2017 IDENTIFICATIONI, Sue Calvin, am a consultant with Vomisa Actuarial Consulting.

  • The Company was asked to provide documentation regarding the basis of the allocation of expenses to the expense groups shown on Part 3- “Expenses” of the 2007 filed Annual Statement (i.e. Loss Adjustment Expenses, Other Underwriting Expenses and Investment Expenses).

  • As used herein, Reinsured’s “Expense Ratio” for any year subject to this Agreement shall be Reinsured’s Loss Adjustment Expenses and for Other Underwriting Expenses (as reported by Reinsured in the Underwriting and Investment Exhibit, Part 3, columns 1 and 2 of the Reinsured’s Annual Statement) divided by the premium (as defined in Article III) that Reinsured ceded to Reinsurer.

  • Under the authority vested in the Planning Board of the Town of Pepperell, Massachusetts, by the provision of MGL Ch. 41, § 81Q, said Planning Board hereby adopts these rules and regulations governing the subdivision of land within the boundaries of the Town of Pepperell.

  • Allocation may be entirely to one expense category based upon the type of expense incurred, for example, premium taxes would be 100% allocated to Other Underwriting Expenses for property and casualty companies.

  • These termination and transition/integration costs are included in "Other Underwriting Expenses" on the Consolidated Statements of Income andComprehensive Income.

  • Deferred Acquisition Costs and Other Underwriting Expenses Acquisition costs are related to the successful acquisition and implementation of a new reinsurance contract in October of 2022.


More Definitions of Other Underwriting Expenses

Other Underwriting Expenses means the underwriting expenses attributable to the production of Bluestone Premium, including (i) all expenses incurred with respect to the production, administration, processing, collection and accounting thereof, (ii) office expenses and salaries of the employees of the Company, Buyer or any of their Affiliates not directly associated with the investigation, defense, and/or settlement of specific claims, (iii) corporate overhead allocations, provided, however, that corporate overhead allocations with respect to Bluestone Premium shall not exceed 3% for the first twelve (12) month period following the Closing, 3.09% for the second twelve (12) month period following the Closing, 3.18% for the third twelve (12) month period following the Closing, 3.28% for the fourth twelve (12) month period following the Closing, and 3.38% for the fifth twelve (12) month period following the Closing, (iv) the ratable portion of any assessment made against the Buyer by any guarantee fund or similar fund, where such assessment is attributable to the surety business of the Buyer and its Affiliates, determined with respect to the Company in accordance with the percentage of the aggregate total amount of gross written premium attributable to the surety business of the Buyer and its Affiliates represented by Bluestone Premium, and (v) interest at an annual percentage rate equal to the then current average yield on the Buyer’s investment portfolio on any amounts in excess of an aggregate of One Hundred Twenty Five Thousand Dollars ($125,000) outstanding at any time loaned by the Buyer or any of its Affiliates to the Company as may be necessary to cover shortages in cash flow.
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Related to Other Underwriting Expenses

  • Underwriting Fee has the meaning given to it in the eighth paragraph of this Agreement;

  • Offering Expenses means in respect of each Series, the following fees, costs and expenses allocable to such Series or such Series pro rata share (as determined by the Allocation Policy, if applicable) of any such fees, costs and expenses allocable to the Company incurred in connection with executing the Offering, consisting of underwriting, legal, accounting, escrow and compliance costs related to a specific offering. Officers means any president, vice president, secretary, treasurer or other officer of the Company or any Series as the Managing Member may designate (which shall, in each case, constitute managers within the meaning of the Delaware Act).

  • Marketing Expenses means the sum of Marketing Management Expenses, Advertising and Market Research Expenses and Education Expenses.

  • Selling Expenses means all underwriting discounts, selling commissions, and stock transfer taxes applicable to the sale of Registrable Securities, and fees and disbursements of counsel for any Holder, except for the fees and disbursements of the Selling Holder Counsel borne and paid by the Company as provided in Subsection 2.6.

  • Restructuring Expenses means losses, expenses and charges incurred in connection with restructuring by U.S. Borrower and/or one or more of its Subsidiaries, including in connection with integration of acquired businesses or persons, disposition of one or more Subsidiaries or businesses, exiting of one or more lines of businesses and relocation or consolidation of facilities, including severance, lease termination and other non-ordinary-course, non-operating costs and expenses in connection therewith.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Underwriting (the "Directed Share Program"). The Shares to be sold by Xxxxxx Xxxxxxx pursuant to the Directed Share Program (the "Directed Shares") will be sold by Xxxxxx Xxxxxxx pursuant to this Agreement at the public offering price. Any Directed Shares not orally confirmed for purchase by any Participants by the end of the first business day after the date on which this Agreement is executed will be offered to the public by Xxxxxx Xxxxxxx as set forth in the Prospectus.

  • Additional Servicing Expenses means (a) all Property Protection Advances, fees and/or expenses incurred by and reimbursable to any Servicer, Trustee, Certificate Administrator or fiscal agent pursuant to the Servicing Agreement relating solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization Servicing Agreement.

  • Registration Expenses means the out-of-pocket expenses of a Registration, including, without limitation, the following:

  • ERISA-Qualifying Underwriting A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.

  • Organization and Offering Expenses means any and all costs and expenses incurred by and to be paid from the assets of the Company in connection with and in preparing for the formation, qualification and registration of the Company, and the marketing and distribution of shares, including, without limitation, total underwriting and brokerage discounts and commissions (including fees of the underwriters’ attorneys), expenses for printing, engraving, amending, supplementing, mailing and distributing costs, salaries of employees while engaged in sales activity, telephone and other telecommunications costs, all advertising and marketing expenses (including the costs related to investor and broker-dealer sales meetings), charges of transfer agents, registrars, trustees, escrow agents or holders, depositories, experts, fees, expenses and taxes related to the filing, registration and qualification of the sale of the shares under federal and state laws, including taxes and fees and accountants’ and attorneys’ fees.

  • Approved Operating Expenses operating expenses incurred by Borrower which (i) are included in the Approved Operating Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property or (iii) have been approved by Lender, such approval not to be unreasonably withheld, conditioned or delayed.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Reimbursable Expenses means, for any Shared-Loss Quarter, the amount of actual, reasonable and necessary out-of-pocket expenses (other than Capitalized Expenditures), paid to third parties (other than Affiliates of the Assuming Institution) by or on behalf of the Assuming Institution, as limited by Sections 3.2(c) and (d) of Article III of this Commercial Shared-Loss Agreement, to:

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Closing Transaction Expenses means the Transaction Expenses as set forth on the Closing Statement.

  • Common Expenses means expenditures made by or financial liabilities of the association, together with any allocations to reserves.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Delivery Expenses means all costs, taxes, duties and/or expenses, including stamp duty, stamp duty reserve tax and/or other costs, duties or taxes arising from the delivery of the Asset Amount.

  • REIT Expenses means (i) costs and expenses relating to the formation and continuity of existence and operation of the General Partner and any Subsidiaries thereof (which Subsidiaries shall, for purposes hereof, be included within the definition of General Partner), including taxes, fees and assessments associated therewith, any and all costs, expenses or fees payable to any director, officer, or employee of the General Partner, (ii) costs and expenses relating to any public offering and registration of securities by the General Partner and all statements, reports, fees and expenses incidental thereto, including, without limitation, underwriting discounts and selling commissions applicable to any such offering of securities, and any costs and expenses associated with any claims made by any holders of such securities or any underwriters or placement agents thereof, (iii) costs and expenses associated with any repurchase of any securities by the General Partner, (iv) costs and expenses associated with the preparation and filing of any periodic or other reports and communications by the General Partner under federal, state or local laws or regulations, including filings with the Commission, (v) costs and expenses associated with compliance by the General Partner with laws, rules and regulations promulgated by any regulatory body, including the Commission and any securities exchange, (vi) costs and expenses associated with any 401(k) plan, incentive plan, bonus plan or other plan providing for compensation for the employees of the General Partner, (vii) costs and expenses incurred by the General Partner relating to any issuing or redemption of Partnership Interests, and (viii) all other operating or administrative costs of the General Partner incurred in the ordinary course of its business on behalf of or in connection with the Partnership.

  • Underwriting Standards As to each Mortgage Loan, the Seller's underwriting guidelines in effect as of the date of origination of such Mortgage Loan.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.