Actuarial Report. Seller has delivered to Purchaser true, complete and correct copies of the actuarial report, dated as of June 7, 2017 (as adjusted by a memorandum dated August 28, 2017) prepared by Xxxxxxxx Inc. (“Milliman”) with respect to the Business as of December 16, 2016 (the “Actuarial Report”). The information and factual data furnished by Seller and its Affiliates in writing to Milliman with respect to the Business in connection with the preparation of the Actuarial Report (and any supplements or addenda thereto) were (a) obtained from the Books and Records, (b) generated from the same underlying sources and systems that were utilized by Seller or its applicable Affiliates to prepare the Pro Forma Statements to the extent applicable and (c) to the Knowledge of Seller, did not include any material Data Input Inaccuracies. As of the date hereof, Milliman has not issued to Seller or its Affiliates any new or revised report with respect to the Business or any errata with respect to the Actuarial Report nor has it notified Seller or any of its Affiliates that the Actuarial Report is inaccurate in any material respect.
Actuarial Report. Within one hundred fifty (150) days of Borrower’s fiscal year end, an Actuarial Report prepared by Milliman USA or such other independent actuary reasonably acceptable to the Lender and certified as to such Insurance Subsidiary’s (including AmComp Preferred’s) reserve position as of such fiscal year end by such independent actuary. To the extent an Actuarial Report contains confidential information, the Lender agrees to abide to a mutually acceptable confidentiality agreement.
Actuarial Report. Sellers have made available to Buyer a true and complete copy of the actuarial report prepared by Xxxxxxxx, Inc. (“Milliman”), dated as of October 25, 2005 (the “Actuarial Report”). Milliman has not issued any new report or errata with respect to the Actuarial Report nor has it notified Sellers that the Actuarial Report is inaccurate in any material respect. The information and data furnished by the Insurance Companies to Milliman in connection with the preparation of the Actuarial Report was accurate in all material respects, and the Actuarial Report was based upon an accurate inventory of policies for the Insurance Companies at the time of preparation.
Actuarial Report. The Board shall engage the Actuary to prepare an annual actuarial valuation report certifying the percentage of aggregate compensation of Participants that is the minimum actuarial requirement to maintain the Retirement System on an actuarially sound financial basis. Based on the valuation report, the County Commission shall set a percentage for funding the Plan which may be higher or lower than the minimum actuarial requirement; however, the funding amount must be at least sufficient to meet current and anticipated near future benefit payment requirements. In the valuation report the Actuary shall describe the funding method, actuarial assumptions, and asset valuation method, thereby providing a reasonable assessment of the Plan's liabilities and expected patterns of payroll contribution requirements. Each report will declare and explain any change in funding method, actuarial assumptions or asset valuation method made since the preceding report. The actuarial report shall be delivered to the Board, which shall deliver it to the County Director of Administration and Finance and the County Commission, all within 180 days after the end of the Plan Year.
Actuarial Report. 31.13.1 The Company agrees to provide the Local Lodge each year no later than May 31, the actuarial valuation report for the previous year submitted to the Company by its actuaries, establishing the financial position of the Pension Plan according to the actuarial assumptions used in the valuation. A meeting will be arranged for this purpose within one (1) month of receipt of the report.
Actuarial Report. The Parties agree that an actuarial report shall be prepared prior to the New Operation Date and every two (2) years thereafter by a mutually acceptable actuarial, with preparation costs to be shared equally by Shelby and Macomb.
Actuarial Report. The BOARD shall require the ACTUARY to prepare and deliver to the BOARD the report required by Section 9.833 of the Ohio Revised Code. ARTICLE SEVEN FUNDING
Actuarial Report. Within the period for delivery of the annual financial statements provided in Section 7.1(a)(ii), an Actuarial Report prepared by an independent actuary reasonably acceptable to the Agent and certified as to such Insurance Subsidiary's reserve position as of such fiscal year end by such independent actuary.
Actuarial Report. The Seller Parties have made available to the Buyer a copy of the Actuarial Appraisal of Defined Block of Universal American Corporation dated September 30, 2013 and Actuarial Appraisal of Defined Block of Universal American Corporation dated March 27, 2014 prepared by Xxxxxxxx, Inc. (“Milliman”) together with any attachments, supplements, addenda, modifications or amendments thereto with respect to the in force business of the Acquired Companies, APNY and UBIC (together with any exhibits and appendices thereto, the “Actuarial Report”). The information and data furnished by the Seller, the Acquired Companies or their Affiliates in writing to Milliman in connection with the preparation of the Actuarial Report were (a) complete and accurate in all material respects as of the date so furnished, (b) obtained in all material respects from the Books and Records, (c) based upon an inventory of in-force Traditional Insurance Policies that were issued, reinsured or assumed by the Acquired Companies, APNY and UBIC that, at the time of preparation, was complete and accurate in all material respects, (d), to the Knowledge of the Seller Parties, did not contain any Data Input Inaccuracies that have caused or reasonably would be expect to cause the Reserves as stated in the Statutory Financial Statements of the Acquired Companies and, to the extent related to APNY’s Traditional Insurance Policies, the Reserves as stated in the Statutory Financial Statements of APNY, in either case to be materially understated and (e) were maintained by the Acquired Companies or APNY, as applicable, in material compliance with any and all record keeping maintenance requirements contained in applicable material Contracts to which any of the Acquired Companies or APNY is a party; provided, however, that, it is acknowledged and agreed by the Buyer that the Seller Parties are not making any representation or warranty (express or implied) in this Agreement or any of the Ancillary Agreements and nothing contained in this Agreement, including the Seller’s Disclosure Schedule, any of the Ancillary Agreements or any other agreement, document or instrument to be delivered in connection with this Agreement or the Ancillary Agreements is intended or shall be construed to be a representation or warranty of the Seller Parties in respect of the adequacy or sufficiency of the Reserves of the Acquired Companies or APNY. Milliman has not issued to the Seller Parties any new report or errata with respect t...
Actuarial Report. Seller has heretofore made available to Buyer or Buyer's counsel a true and complete copy of the most recently available actuarial valuation and the most recent statement of assets for each of the Benefit Plans that is subject to Title IV of ERISA other than multiemployer plans within the meaning of Section 3(37) of ERISA.
