Insurance Reserves definition

Insurance Reserves means any reserves, funds, or provisions for losses, claims, premiums, expenses and other liabilities in respect of Insurance Contracts.

Insurance Reserves has the meaning specified in Section 6.06(a).

Insurance Reserves means any reserves, funds or provisions for losses, claims, premiums, expenses and other liabilities in respect of Insurance Contracts.

Examples of Insurance Reserves in a sentence

• The portion of premium received on in-force contracts that relates to unexpired risk at the date of the statement of financial position is reported as unearned premium in Insurance Reserves.

• When long-term care benefits are provided other than as in Subsection A above, reserves shall be determined in accordance with [insert reference to state law equivalent to the Health Insurance Reserves Model Regulation].

• Continue to develop health insurance reserving requirements (VM-25, Health Insurance Reserves Minimum Reserve Requirements) using a principle-based reserving (PBR) framework.

• All present and accumulated values used to determine rate increases shall use the maximum valuation interest rate for contract reserves as specified in the [insert reference to state equivalent to the Health Insurance Reserves Model Regulation Appendix A, Section IIA].

• All present and accumulated values used to determine rate increases, including the lifetime loss ratio consistent with the original filing reflecting margins for moderately adverse experience, shall use the maximum valuation interest rate for contract reserves as specified in the [insert reference to state equivalent to the Health Insurance Reserves Model Regulation Appendix A, Section IIA].

More Definitions of Insurance Reserves

Insurance Reserves means the reserves required to be maintained by each of the Company and any Transferred Subsidiary in accordance with SAP or GAAP, as applicable, including any reserves, contingency reserve, funds or provisions for losses, claims, premiums, loss and loss adjustment expenses (including reserves for incurred but not reported losses and loss adjustment expenses) and other Liabilities in respect of the Insurance Contracts issued by the Company or any Transferred Subsidiary.

Insurance Reserves means such reserves as may be established from time to time during the continuance of a Cash Dominion Event by Agent in its Permitted Discretion with respect to the insurance of the Loan Parties.

Insurance Reserves means the reserves for the payment of benefits, losses, claims, unearned premium and expenses under the Insurance Contracts.

Insurance Reserves means the aggregate comprising the amounts shown on line 17(d) and line 27(d) of Form 1 of Schedule 1.

Insurance Reserves means all reserves required by Applicable Insurance Laws and Regulations to by maintained by any company engaged in the Insurance Business, including, without limitation, adequate reserves for incurred losses and incurred loss adjustment expenses, whether or not reported.

Insurance Reserves has the meaning set forth in Section 11.4(c).

Insurance Reserves means the reserves required to be maintained by each of the CMG Companies in accordance with SAP or GAAP, as applicable, including any reserves, contingency reserve, funds or provisions for losses, claims, premiums, loss and loss adjustment expenses (including reserves for incurred but not reported losses and loss adjustment expenses) and other Liabilities in respect of the Insurance Contracts issued by the CMG Companies.