Risk in force definition

Risk in force means the mortgage guaranty insurance coverage percentage applied to the unpaid principal balance.
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Risk in force means as of a particular date, the aggregate dollar amount of each insured mortgage loan’s principal balance at such date multiplied by the insurance coverage percentage specified in the policy.
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Risk in force means, with respect to Returned Loans described in Section 4.6(e), an amount equal to (x) the amount covered by the applicable Certificate of Insurance for such Returned Loan multiplied by (y) the coverage percentage set forth in such Certificate of Insurance.
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Examples of Risk in force in a sentence

  • Notes to the Banking (prudential standard) determination No. 5 of 2006 Prudential Standard APS 112 – Capital Adequacy: Credit Risk Note 1 The Banking (prudential standard) determination No. 5 of 2006 – Prudential Standard APS 112 – Capital Adequacy: Credit Risk (in force under paragraphs 11AF(1)(a) and (b) of the Banking Act 1959) as shown in this compilation is amended as indicated in the Tables below.

  • Risk in force means the mortgage guaranty insurance coverage percentage applied to the unpaid principal balance.

  • Risk in force (RIF) is included for illustrative purposes and delinquency rates reflect an estimate of Genworth’s performance at year end 2014.Table 1: Present Treatment Of Post-2008 Vintages As They Season (760 FICO/95 LTV)Capital Factor for Current Loans760 FICO/95 LTV Loan: 6.0% Assumed Capital Factor for Delinquent loan: 75% Vintage Table 2 is an example of an improved methodology to account for seasoning by appropriately reallocating estimated capital for policies as they age.

  • Risk in force in the Australia mortgage insurance business is computed using an “effective” risk in force amount, which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property.

  • Risk in force for the company’s U.S. mortgage insurance business is based on the coverage percentage applied to the estimated current outstanding loan balance.

  • Risk in force – net, as shown in the table above, is net of reinsurance and exposure on policies currently in default and for which loss reserves have been established.Our combined insurance companies’ risk-to-capital calculation appears in the table below.

  • In one real world example, a credit reporting agency was targeted by a keylogger spread via pornography spam.

  • Risk in force is the maximum potential loss recovery under insurance policies in force.

  • It also means Agencies are not required to adhere to the code's procurement integrity laws.The National Association of State Procurement Officials state: "Businesses suffer when there is inconsistency in procurement laws and regulations.

  • On October 17, 2007, the Company first published delinquency information by vintage year, disclosing for the first time the delinquency rates that revealed extraordinary numbers of early payment defaults that had already occurred in the 2005 and 2006 vintages of the Company’s bulk portfolio, where insured “reduced doc” loans were prevalent: Characteristics of Remaining Risk in force September 30, 2007 FLOW BULK (Emphasis added).

Related to Risk in force

  • Deadly force means any use of force that creates a substantial risk of causing death or serious bodily injury, including, but not limited to, the discharge of a firearm.

  • Essential Human Needs means natural gas service, which, if denied, would cause shutdown of an operation resulting in the closing of the establishment essential to maintaining the health and safety of the general public.

  • Task Force means the Louisiana Coastal Wetlands Conservation and Restoration Task Force which shall consist of the Secretary, who shall serve as chairman, the Administrator, the Governor, the Secretary of the Interior, the Secretary of Agriculture and the Secretary of Commerce; and

  • Medically Necessary Leave of Absence means any change in enrollment at the post-secondary school that begins while the child is suffering from a serious illness or injury, is medically necessary, and causes the child to lose student status for purposes of coverage under the Plan.

  • Active means that the smelter or refiner has committed to undergo an RMAP assessment, completed the relevant documents, and scheduled the on-site assessment. These may be in the pre-assessment, assessment, or corrective-action phases of the assessment.

  • Armed Forces service medal veteran means any veteran who, while serving on active duty in the U.S. military, ground, naval, or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985 (61 FR 1209).

  • Pregnancy means carrying a child, resulting childbirth, miscarriage and non-elective abortion. The Plan considers Pregnancy as a Sickness for the purpose of determining benefits.

  • Reduction in Force means abolition of positions in an agency or part of an agency and the corresponding nondisciplinary removal of affected employees from such positions through separation from employment or through displacement to other positions.

  • Armed forces means that term as defined in section 2 of the veteran right to employment services act, 1994 PA 39, MCL 35.1092.

  • Approved Leave of Absence means a leave of absence that has been approved by the applicable Participating Company in such a manner as the Board may determine from time to time.

  • Essential Details means the required details in order for the Company to be able to place the Order for example but not limited to Opening Position/Closing Position/Cancelling/Amending, the Underlying Asset, style/name of the Order, volume, market direction, price, validity, Stop Loss/Take Profit (if desired).

  • Inactive status means the status of a practitioner licensed or registered pursuant to Iowa Code chapter 153 who is not currently engaged in the practice of dentistry, dental hygiene, or dental assisting in the state of Iowa and who has paid the required renewal fee but who has not met the requirements for continuing education.

  • Commercial Fishing Worker means Commercial fishing worker as defined in Section 420.503, F.S.

  • Permanent exclusion means the student is banned forever from attending a public school in the State of Ohio. (See Policy 5610.01)

  • Authorized leave of absence means an unpaid, temporary cessation from active employment with the Employer pursuant to an established nondiscriminatory policy, whether occasioned by illness, military service, or any other reason.

  • Commercial cannabis activity means the production, cultivation,

  • Commercial sexual activity means any sex act on account of which anything of value is given to, promised to, or received by any person.

  • Substantial or essential component means any component necessary for the proper function or performance of a piece of equipment, system, or service.

  • Temporary Assistance for Needy Families or "TANF" means the program administered by the Department through which a relative can receive monthly cash assistance for the support of his eligible children.

  • essential service means furnishing water, light, heat, gas, electric power, public passenger transportation or commu- nication, or any one or more of them, to the public in this state.

  • Essential job functions means the fundamental job duties of the employment position an individual holds. A job function may be considered essential if-

  • Workforce means employees, volunteers, trainees or other persons whose performance of work is under the direct control of a party, whether or not they are paid by that party.

  • Essential functions means the fundamental job duties of the employment position the individual with a disability holds or desires. "Essential functions" does not include the marginal functions of the position.

  • B-BBEE status level of contributor” means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad- Based Black Economic Empowerment Act;

  • Violent student means a student under the age of 21 who:

  • Child in need of services means (i) a child whose behavior, conduct or condition presents or results