Policyholders surplus definition

Policyholders surplus means an insurer's net worth; the difference between its assets and liabilities, as reported in its annual statement. (2001-223, s. 11; 2005-215, s. 11.)
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Policyholders surplus means as of any date “surplus as regards policyholders” of the Company calculated in accordance with SAP applied on a basis consistent with the Statutory Statements of the Company.
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Policyholders surplus means an insurer's net worth; the difference between its assets and liabilities, as reported in its annual statement.
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More Definitions of Policyholders surplus

Policyholders surplus means the total policyholders' surplus of the Companies and their Subsidiaries as shown on the September Adjusted SAP Balance Sheet plus an amount equal to $300,000,000.
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Policyholders surplus means as of any date "surplus as regards policyholders" of the Company calculated in accordance with Statutory Accounting Practices of the Domiciliary Insurance Department applied on a basis consistent with the Statutory Statements of the Company.
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Policyholders surplus means an amount corresponding to the line item "Policyholders' Surplus" as shown on any SAP Financial Statement prepared or delivered pursuant to Article 2 hereof.
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Policyholders surplus means as at any date with respect to PNIC the combined capital and surplus of PNIC as at such date, determined in accordance with SAP.
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Policyholders surplus of a Person shall mean the capital and surplus, asset valuation reserve and interest maintenance reserve of such Person, calculated in accordance with SAP.
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Related to Policyholders surplus

  • Common Surplus means the amount of all receipts or revenues, including assessments, rents, or profits, collected by a condominium association which exceeds common expenses.

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.