Statutory Value definition

Statutory Value means, with respect to any assets, the statutory admitted value of the assets as reflected on the Ceding Company’s statutory books and records.
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Statutory Value means the value of registered premises assessed under section 33;
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Statutory Value means the value of an asset or liability determined in accordance with SAP, utilizing the same accounting principles, consistently applied, as those used in the preparation of the December 31, 1997 Audited SAP Statements.
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Examples of Statutory Value in a sentence

  • If the aggregate estimated Statutory Value of the Funds Withheld Account Assets is less than the Funds Withheld Amount as so determined or estimated, the Ceding Company shall transfer to the Funds Withheld Account cash or other Permitted Assets in an amount sufficient to increase the aggregate Statutory Value of the Funds Withheld Account Assets to an amount that equals or exceeds the Funds Withheld Amount as so determined or estimated as of the end of such Quarterly Accounting Period.

  • The Reinsurer shall be entitled to determine, in its sole discretion, the amount of such credit for reinsurance to be provided by a Letter of Credit and/or by a Trust provided that the aggregate amount thereof, together with the Statutory Value of the Funds Withheld Account Assets, equals or exceeds the Required Amount.

  • Notwithstanding anything to the contrary contained in this Agreement, the provisions of this Section 2.5 represent the sole and exclusive method for determining the Final Balance Sheet, the Final Section 338 Adjustment and the Final Closing Statutory Value.

  • Accordingly, notwithstanding the foregoing, the Final Closing Statutory Value and Final Adjustment Amount shall not be finally determined until such adjustment process has been completed in accordance with Section 3.1 of the ALNY Reinsurance Agreement, and the Independent Accounting Firm engaged pursuant to Section 2.5(c)(iii) shall be directed to take into account the “Initial Premium” to the extent relevant to a Dispute Notice hereunder.

  • The Buyers wish to purchase, and the Selling Shareholders desire to sell, upon the terms and conditions stated in this Agreement, a number of ordinary shares of WuXi PharmaTech (Cayman) Inc., a Cayman Islands company (the “Company”), par value U.S.$0.02 per ordinary share, equal to $63,000,000 divided by the higher of the Per Share Cash Purchase Price and the HSR Per Share Statutory Value (each as defined below) (the “Shares”).

  • The parties acknowledge and agree that the “Initial Premium” adjustment process under Section 3.1 of the ALNY Reinsurance Agreement will occur concurrently with the Purchase Price adjustment process under this Section 2.5 and the Final Closing Statutory Value shall be determined on the basis of the “Initial Premium” as finally determined and paid by ALNY thereunder.