Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Reinsurer under this Agreement in the Ceding Company’s Statutory Financial Statements required to be filed by the Ceding Company with the Governmental Authority charged with supervision of insurance companies in the Ceding Company Domiciliary State.
Reserve Credit shall have the meaning set forth in Section 10.01.
Reserve Credit means full reserve credit for the reinsurance ceded to the Reinsurer under this Agreement in the Statutory Financial Statements required to be filed by the Company with the Commissioner of Insurance of the State of Nebraska.
Examples of Reserve Credit in a sentence
The Reinsurer agrees to take all actions necessary in accordance with applicable laws and regulations to ensure that the Ceding Company will be permitted to take Reserve Credit in all jurisdictions where it files statutory financial statements for the reinsurance ceded under this Agreement.
The Reinsurer represents to the Ceding Company that as of the Effective Date, it is properly licensed or accredited in all jurisdictions where such licensing or accreditation is necessary for the Ceding Company to receive Reserve Credit.
More Definitions of Reserve Credit
Reserve Credit shall have the meaning specified in the Reinsurance Agreement.
Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Reinsurer under this Agreement or under any other reinsurance agreement in the Company’s NAIC Annual Statement Blank, in all statutory financial statements required to be filed with any governmental body charged with supervision of insurance companies in all United States jurisdictions in which the Company is licensed, authorized or accredited to transact business, and all consolidated financial statements required to be filed by the Company or its affiliates with any governmental body charged with supervision of insurance companies in Canada and its provinces.
Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Reinsurer under this Agreement in the Ceding Company’s Statutory Financial Statements required to be filed by the Ceding Company with the Governmental Authority charged with supervision of insurance companies in the Applicable State.
Reserve Credit means the amount of any reserves or other funds held for the benefit of Landlord or the issuer of the Bonds and not yet credited as of Closing, including, without limitation, any debt service reserve fund included in Approved Landlord Costs.
Reserve Credit shall have the meaning specified in the Coinsurance Agreement.
Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Reinsurer under this Agreement in the Ceding Company’s Statutory Financial Statements required to be filed by the Ceding Company with the Governmental Authority charged with supervision of insurance companies in the Ceding Company Domiciliary State; provided, however, that the Reinsurer shall not be required to provide statutory financial statement credit for Reinsured Contracts issued outside the United States; and provided, further, that the Reinsurer’s obligation to provide statutory financial statement credit with respect to Reinsured Contracts that are structured settlement annuities shall be limited to the amount of credit calculated in accordance with Section 6(a) of Actuarial Guideline IX-B promulgated by the National Association of Insurance Commissioners.
Reserve Credit means full statutory financial statement credit for the reinsurance ceded to the Reinsurer under this Agreement in the Ceding Company’s Statutory Financial Statements required to be filed by the Ceding Company with the Governmental Authority charged with supervision of insurance companies in the Ceding Company Domiciliary State; provided, however, that the Reinsurer’s obligation to provide statutory financial statement credit with respect to Reinsured Contracts that are structured settlement annuities shall be limited to the amount of credit calculated in accordance with Section 6(a) of Actuarial Guideline IX-B promulgated by the National Association of Insurance Commissioners.