The reserve helps ensure that the company will be able to stay in business and
meet all claim obligations over time.
Not exact matches
Government - provided capital should be subordinate only to depositor
claims, if equity and bondholder capital ultimately proves insufficient to
meet those
obligations.
This will help when different filing dates or requirements apply for different taxes, for instance VAT
obligations and income tax
obligations · The ability to
claim a reasonable excuse for failing to
meet a filing
obligation should be maintained · The facility for taxpayers to alert HMRC before the filing deadline that they are going to fail to
meet the deadline, as is possible with Self - Assessment and have a reasonable excuse for that failure, should be considered · Penalties must always be subject to a right of appeal.
Pig farmers
claim they are losing more than # 20 on each pig raised to slaughter, blamed on the soaring price of feed and the cost of
meeting ethical
obligations.
Years after the Kingston City School District joined seven other small - city school districts in suing the state for what plaintiffs
claimed were funding inequities, a judge ruled this week that the state had
met its «constitutional
obligation» in providing those districts with enough money.
«The court concludes that the plaintiffs have failed to establish their
claim that the state has not
met its constitutional
obligation to provide the students in the eight small city school districts with the opportunity for a sound, basic education,» O'Connor wrote in her ruling.
Who would insist that India should reduce this figure further, in line with rising population, when the US can
claim to be
meeting its international
obligations by sticking close to its current per capita emissions of more than 5 tonnes?
The ability of the company you choose to
meet financial
obligations and pay
claims should be a vital ingredient that goes into your final decision making process.
The investment strategy must enhance the ability to grow their insurance business and
meet all of their policyholder
claim obligations.
Governor Stephen Poloz has been
claiming Canadas is at a «sweet spot» of the business cycle, where growing demand is actually generating new capacity as companies invest to
meet sales, and that he has an «
obligation» to nurture this process with stimulative borrowing costs.
Interplay had apparently not
met their
obligation toward Bethesda, even though the company
claims it had.
Capacity, broadly defined, is a critical consideration in determining the ability of duty - bearers to
meet their
obligations and rights - holders to
claim their rights.
They are a further reminder that those operating offshore are increasingly susceptible to both cross-border enforcement and personal
claims, and should therefore exercise an abundance of caution in
meeting all potentially applicable legal
obligations.
The
claim involves two lots totalling nearly 2,000 acres, and alleges that B.C. failed to
meet its legal
obligation to prevent settlers from pre-empting lands on these two lots and that Canada failed to
meet its legal
obligations to create reserves for the Band once B.C. entered Confederation in 1871.
As described in our earlier article on this subject, the MCT is a ratio calculation that compares the capital available (our net assets) to the capital we need to
meet our financial
obligations — i.e.,
claims costs.
Common disputes include:
claims by the Owner that the Operator misrepresented the projections of the hotel's financial performance, and / or is mismanaging the hotel to such an extent it is causing a financial loss to the hotel;
claims by the Operator that the Owner is not
meeting its funding
obligations under the HMA, and / or interfering in the management of the hotel making it impossible for the Operator to run the hotel.
The first step for a successful legal
claim is to
meet with us as part of a free, no -
obligation initial consultation.
Ignore
claims by your employer that their settlement offer
meets or exceeds their legal
obligations to you.
The
claim alleged B.C. failed to
meet its legal
obligation to prevent settlers from pre-empting lands on these two lots, and Canada failed to
meet its legal
obligations to create reserves for the Band once B.C. entered Confederation in 1871.
The solicitors would then conduct the
claims, with continuing
obligations both to report
claims for withdrawal of indemnity if they no longer
met the criteria and to carry on the
claim with reasonable skill and care.
6) To ensure that the Motor Vehicle Accident
Claims Fund (Fund) is sustainable over the long term and able to
meet its future financial
obligations, the Financial Services Commission of Ontario should establish a strategy and timetable for eliminating the Fund's growing unfunded liability over a reasonable time period and seek government approval to implement this plan.
They issue opinions on the life insurance company's ability to
meet financial
obligations such as paying death
claims.
Legal Reserve The amount an insurance company must keep available to
meet future
claims and
obligations.
A Financial Strength Rating is similar to a credit rating - but its created to measure an insurers ability to
meet and pay
claims and other
obligations, its much more specific to insurers.»
Financial ratings are based on a company's ability to pay
claims,
meet other financial
obligations and carry out superior operational performance.
Also they have over $ 30 billion in assets, and are rated A + by A.M. Best, their second best of 16 ratings, which means their ability to
meet ongoing
claims obligations is «superior», in the opinion of A.M. Best.
In order for life insurance companies to provide insurance coverage and pay
claims, they must have large cash reserves, which are required by law, to
meet all of their financial
obligations.
They consider many factors to determine a rating which offers an expert opinion on an insurance company's ability to
meet its financial
obligations and pay out its
claims.
Risk transference — by undertaking a reinsurance deal an insurance company can trade off aspects of the risks involved, possibly in cases where some of the risk does not fall directly into the normal areas of operating expertise or where the risk is too great for the insurance company to comfortably
meet its
obligations under a policy should a
claim be made against it.
Lincoln National Life Insurance Company is financially sound and has the ability to
meet financial
obligations as well as pay any
claims presented.
Financial stability is important for an insurance company in being able to
meet financial
obligations and pay any
claims.
Usually, a life insurance company with a financial strength rating of «A» or better is considered to be safe, secure and able to
meet its financial
obligations and pay its
claims.
The company is on solid financial ground, meaning it can
meet its financial
obligations, such as paying out a
claim on life insurance.
The rating signifies that Mercury Insurance has a superior ability to
meet its financial
obligations, such as customer
claims.
Mercury Insurance Group has superior financial strength ratings and customers can trust in the company's ability to be able to
meet financial
obligations and pay
claims.
You can feel very confident that the company will
meet all its financial
obligations when it comes to paying out
claims.
Claims - paying ability rating is an opinion of an operating insurance company's financial capacity to
meet the
obligations of it insurance policies in accordance with their terms.
Similar to above, it may indicate a company's ability to
meet its ongoing
claims obligations but is not a warranty.
Their ratings will tell you its long - term viability and its ability to
meet its financial
obligations — including your
claim.
Financial Strength: Banner holds an A + financial rating with A.M. Best, which means their ability to
meet ongoing
claims obligations is «excellent» in the opinion of A.M. Best.
The financial rating is an indication of your insurance company's ability to
meet their financial
obligations, such as, paying their
claims.
The rating indicates the insurer's ability to
meet their financial
obligations, and pay their
claims.
The rating a life insurance company receives is an independent third party evaluation to help determine the ability of the insurance company to
meet its financial
obligations to the policyholder and be able to pay out future
claims.
What this shows is that New York Life Insurance Company is very strong and stable when it comes to both
meeting its current and its future financial
obligations such as paying out its policy holder's
claims.
Simply put, an insurer must be solvent in order for it to have sufficient funds to
meet the
obligations it faces under current and future
claims that may be made against it.
«A need was felt by IRDAI to revisit various areas of the health insurance framework such as products, distribution, actuarial related matters like pricing,
claims experience, solvency, M&A, rural and social
obligations, etc., so that the entire processes are streamlined to cater to the growing demands of the market for health insurance and also to enable companies to gear up well for
meeting such demands in terms of innovation and servicing capabilities,» said Ajay Bimbhet, managing director, Royal Sundaram Alliance Insurance.
If an insurance company is not solvent it may no longer function as insurer for new policies and prospective clients would be unlikely to wish to take policies out with an insurer that couldn't
meet its
obligations in the event that they had to make a
claim anyway.
This is also a good thing for policyholders as it ensures the long - term financial stability of an insurance company and suggests that they will be able to
meet their
obligations in the case of a rush of
claims.
The higher the financial rating, the better able the insurance company to
meet their financial
obligations, and pay their
claims.
Bottom Line: The Baltimore Life Insurance Company has been around since 1882 and has
met their financial
obligations (paid out
claims) to their policyholders for the past 130 years.