Policyholder surplus definition

Policyholder surplus means capital and surplus.
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Policyholder surplus of any Person shall mean, at any time, the consolidated policyholders' surplus (determined on a consolidated basis without duplication in accordance with SAP) of such Person and its consolidated Subsidiaries at such time (but excluding therefrom the effect of any unrealized gains and losses from the marketable securities portfolio of such Person and its consolidated Subsidiaries).
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Policyholder surplus means, with respect to any Insurance Subsidiary, the policyholder surplus of such Insurance Subsidiary determined in accordance with SAP (as reflected in line 35 of the “Liabilities, Surplus and Other Funds” page of the most recent Statutory Statement filed with the domiciliary Insurance Regulator of such Insurance Subsidiary).
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Examples of Policyholder surplus in a sentence

  • Policyholder surplus decreases more than ten percent in any calendar year.

  • Policyholder surplus is referred to as “net worth” or “owners equity” in other industries.

  • Policyholder surplus increased by $109M over the past nine months.

  • Policyholder surplus for 2006 was $423.1 billion at the beginning of the year, a return on equity of 20 percent.13 This aggregate data actually understates industry-wide returns on equity for several reasons: 1.

  • Policyholder surplus reserves with loss-absorbing capacity refer to funds allocated to the policyholders that can be used by the shareholders, which, under certain conditions, may require regulatory approval.

  • Policyholder surplus is recognized under liability for incurred claims within insurance contract liabilities with the corresponding effect recorded under insurance service expenses.

  • Policyholder surplus accountingThe Company does not make any allowance for surplus distribution when determining onerosity.

  • Policyholder surplus is effectively the net worth of the industry and reflects claims paying capacity and is a proxy for the supply of insurance available in the market.

  • Policyholder surplus has increased from $21,297,357 as of December 31, 2012, to $24,456,363 as of year-end 2017.The current examination resulted in two recommendations and no adjustments to surplus.IX.

  • However, the word ‘permanent’ does not in fact appear in the paragraph of PPS10 referred to.


More Definitions of Policyholder surplus

Policyholder surplus as to any Insurance Subsidiary of the -------------------- Borrower, as of any date the total amount of surplus as regards policyholders shown on line 27, page 3, column 1 of the 1998 Annual Statement (or any similar line, page and column reference in any subsequent Annual Statement), or an amount determined in a consistent manner for any date other than the one as of which an Annual Statement is prepared.
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Related to Policyholder surplus

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.