surplus account balance definition

surplus account balance means funds that remain after all claims and all administrative expenses have been paid for a claim period. (Terminates on occurrence of contingency--sec. 15, Ch. 571, L. 1999; sec. 7, Ch. 565, L. 2005; sec. 5, Ch. 129, L. 2007.)"
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surplus account balance means funds that remain after all claims and all administrative expenses have
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surplus account balance means funds that remain after all Paid Claims and CHIP Premium Administrative Expense Amounts have been paid for the Contract Year. A Surplus Account Balance is a positive Account Balance for the Contract Year calculated in accordance with paragraph 6 of this Attachment 10, using either the CHIP Interim Premium or the CHIP Final Premium, as applicable. In the event that the CHIP Final Premium is greater than the CHIP Interim Premium, there is no Surplus Account Balance for the Contract Year for purposes of this Attachment 10.
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More Definitions of surplus account balance

surplus account balance means funds that remain after all claims and all administrative expenses have been paid for a claim period.
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Related to surplus account balance

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Economic Capital Account Balance has the meaning provided in Section 5.1(e) hereof.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(c)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), and any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.