Statutory Basis definition
Examples of Statutory Basis in a sentence
SEUPB Statutory Basis in Ireland – British Irish Agreement Act (1999), Government of Ireland SEUPB Statutory Basis in United Kingdom / Northern Ireland – The North/South Co-operation (Implementation Bodies) (Northern Ireland) Order 1999.
Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Electronic Comments ▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇.
Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change Federal Register / Vol.
The Ceding Company shall calculate the Statutory Basis Reserves with respect to the Reinsured Policies, which calculation shall be consistent with the reserve requirements, Ceding Company SAP, actuarial principles applicable to the Ceding Company under the Laws of the Ceding Company Domiciliary State and the actuarial practices of the Ceding Company, and otherwise in accordance with any valuation bases and methods of determining reserves that may be provided in the Reinsured Policies.
Following the settlement between the parties as set forth in the Terminal Accounting Report, the aggregate Statutory Carrying Value of the assets in the Funds Withheld Account plus the Policy Loan Balance equal to the Statutory Basis Reserve shall be retained by the Ceding Company, and the Funds Withheld Account shall be terminated and the remaining assets therein shall be transferred to the Reinsurer.
All settlement amounts subject to the Actions are fully accounted for, applied to the Reinsured Policies that are subject to the Actions and reflected in the Statutory Basis Reserves of the Company.