Reserve liabilities definition

Reserve liabilities means those liabilities which are required to be established by an insurer for all

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Reserve liabilities means those liabilities which are required to be established by an insurer for all of its outstanding insurance policies, annuity contracts, benefit contracts and subscription contracts, in accordance with this title, as amended or as hereafter amended.

Reserve liabilities means the liabilities that an insurer is required under this code to establish for all of the insurer's outstanding insurance policies. (V.T.I.C. Art. 21.39-A, Sec. 4.)

Examples of Reserve liabilities in a sentence

Tenant shall pay Landlord the cost of providing such additional services (or an amount equal to Landlord’s reasonable estimate of such cost, if the actual cost is not readily ascertainable) together with an administration fee equal to five percent (5%) of such cost, within fifteen (15) days following presentation of an invoice therefore by Landlord to Tenant.
Such indemnity reinsurance shall be based on (i) 100% coinsurance with respect to general account Statutory Reserve liabilities established by the Company with respect to the Policies and (ii) 100% modified coinsurance with respect to separate account Statutory Reserve liabilities established with respect to the Policies.
The indemnity reinsurance effected under this Agreement shall be based on 100% coinsurance with respect to general account Statutory Reserve liabilities established by FLIC with respect to the Policies.
As to Policies in force on the Effective Date, FLIC shall transfer Qualifying Assets to MLLIC in an amount equal to the excess of (i) aggregate Statutory Reserve liabilities established by FLIC with respect to the Policies over (ii) separate account Statutory Reserves established by FLIC with respect to the Policies plus a ceding commission of Seventy-Five Million Dollars ($75,000,000).
As to Policies in force on the Effective Time, the Company shall transfer to the Reinsurer on the Closing Date amounts in accordance with the provisions of Section 1.3 of the Purchase Agreement with respect to the general account Statutory Reserve liabilities established by the Company with respect to the Policies (as set out in Exhibit E).

More Definitions of Reserve liabilities

Reserve liabilities means the liabilities that

Reserve liabilities shall have the meaning ascribed to it in Section 3.8.

Reserve liabilities shall have the meaning ascribed to it in SECTION 3.9 hereof.

Reserve liabilities means the liabilities that an insurer is required under this code to establish for all of the insurer's outstanding insurance policies.

Reserve liabilities is defined in Section 3.8.

Reserve liabilities shall have the meaning given such term in Section 3.22.

Reserve liabilities shall have the meaning assigned to such term in Section 3.18. RESPONSIBLE OFFICER: of any corporation, any executive officer or Financial Officer of such corporation and any other officer or similar official thereof responsible for the administration or the obligations of such corporation in respect of this Agreement.