Year of Account definition

Year of Account means an underwriting year of account as defined in Lloyd’s Regulations.
Sample 1Sample 2Sample 3
Year of Account means, in relation to a licensee, his financial year;
Sample 1Sample 2
Year of Account means, in relation to a licensee, his financial years;
Sample 1Sample 2Sample 3

Examples of Year of Account in a sentence

  • Within two (2) months of the close of the first half of its Accounting Year of account, prepare and transmit to the Participants and the Commission a profit and loss account for and a balance sheet as at the end of that half year, whether audited or otherwise, in respect of each Sub-Fund, in accordance with the Rules.

  • Within the stipulated terms as specified by the commission from time to time at the close of the first half of its Accounting Year of account, prepare and transmit to the Participants and the Commission a profit and loss account for and a balance sheet as at the end of that half year, whether audited or otherwise, in respect of each Sub-Fund, in accordance with the Rules.

  • The licensee shall keep proper accounts of subsidy in such a manner as approved by the Commission and render the same to the Commission within 30 days of the closure of the Year of account.

  • The following rates, fees and charges apply when using an overdraft: Year of account Arranged Overdraft Limit Arranged Overdraft Interest Rate *EAR stands for Effective Annual Rate and represents the yearly cost of an Arranged or Unarranged Overdraft, which takes into account of how often we charge interest to the account and does not include any other fees or charges.**APR stands for Annual Percentage Rate and shows the overall cost of credit as an annual rate charge.

  • Coverys is the Lloyd’s Managing Agent which manages the Syndicates on which the Group participates historically and for the 2018 Year of account.

  • The Lloyd’s Syndicate Accounting Byelaw (No. 8 of 2005) requires the aggregation of movements in each of the three calendar years for any Underwriting Year of account.

  • Year of account result development The table below presents the annual results for each year of account until the earlier of the current year end and closure of the year of account by reinsurance to close.

  • This information has been stored in a well-designed database that very logically sorts and evaluates the information.

  • The following rates, fees and charges apply when using an overdraft: Year of account *EAR stands for Effective Annual Rate and represents the yearly cost of an Arranged or Unarranged Overdraft, which takes into account of how often we charge interest to the account and does not include any other fees or charges.**APR stands for Annual Percentage Rate and shows the overall cost of credit as an annual rate charge.

  • Effective from the 31 December 2016, the RITC process means that the Insurance, Financial, Credit, Liquidity, Market and Capital risks are transferred to the accepting 2015 Year of account of the Syndicate.


More Definitions of Year of Account

Year of Account means the twelve months for which the accounts of the Companies are made up pursuant to the provisions of this Proclamation.
Sample 1
Year of Account means any period required by Article 49 to be included in an annual return of the credit union.
Sample 1
Year of Account means the year in which an insurance or reinsurance contract that is underwritten by a syndicate is allocated for accounting purposes and into which all premiums and claims arising in respect of that contract are payable.
Sample 1
Year of Account means a period of twelve months commencing on the first day of April of a Calendar year.]
Sample 1
Year of Account means a year which is accounted for as a separate underwriting venture of a syndicate under Lloyd’s system of account
Sample 1

Related to Year of Account

  • Financial Year means a year commencing on and including the 1st day of July;

  • Year of the Term as used herein shall mean each twelve-month period commencing on (START DATE).

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Year of Service means the computation period of twelve (12) consecutive months, herein set forth, during which an Employee has at least 1000 Hours of Service.

  • Plan Year means the calendar year.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;