Catastrophe Bonds, Spreading Risk: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One Hundred Seventh Congress, Second Session, October 8, 2002U.S. Government Printing Office, 2002 - 282 páginas |
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Página 69
... liabilities — which are not on balance sheet in the first place - from an insurer or reinsurer to the reinsurance SPE . RLS transactions do not involve the transfer of assets from the balance sheets of sponsors to the SPE . In addition ...
... liabilities — which are not on balance sheet in the first place - from an insurer or reinsurer to the reinsurance SPE . RLS transactions do not involve the transfer of assets from the balance sheets of sponsors to the SPE . In addition ...
Página 74
... liabilities by the amount ceded to reinsurers ) or claim amounts recoverable from reinsurers as an asset on its balance sheet unless such reinsurers meet one of the following requirements : 1. The reinsurer is licensed in the same state ...
... liabilities by the amount ceded to reinsurers ) or claim amounts recoverable from reinsurers as an asset on its balance sheet unless such reinsurers meet one of the following requirements : 1. The reinsurer is licensed in the same state ...
Página 81
... with any other company anywhere in the world , a U.S. ceding company will not be permitted to take See NAIC Credit for Reinsurance Model Law and Regulation . statutory credit , that is to reduce liabilities by the 10 81.
... with any other company anywhere in the world , a U.S. ceding company will not be permitted to take See NAIC Credit for Reinsurance Model Law and Regulation . statutory credit , that is to reduce liabilities by the 10 81.
Página 82
... liabilities by the amount ceded to reinsurers , or claim amounts recoverable from reinsurers as an asset on its balance sheet , unless such reinsurers meet one of the following requirements : 1. The reinsurer is licensed in the same ...
... liabilities by the amount ceded to reinsurers , or claim amounts recoverable from reinsurers as an asset on its balance sheet , unless such reinsurers meet one of the following requirements : 1. The reinsurer is licensed in the same ...
Página 87
... liabilities . Under GAAP , the experience expected by each company , with provision for the risk of adverse deviation , is used to determine the reserves it will establish for its policies . GAAP reserves may be more or less than the ...
... liabilities . Under GAAP , the experience expected by each company , with provision for the risk of adverse deviation , is used to determine the reserves it will establish for its policies . GAAP reserves may be more or less than the ...
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Términos y frases comunes
amount assuming insurer basis risk beneficiary billion Bond Market Association Brynjolfsson capacity capital markets CAT bonds catastrophe bonds catastrophe options catastrophe risk catastrophic events ceding insurer Chairwoman KELLY claims collateral coverage credit for reinsurance D'Agostino domiciled Drafting Note entities equity Event-linked bonds exposure Florida GAAP Hurricane Andrew insurance company insurance industry insurance or reinsurance insurance risk insurance securitization insurers and reinsurers interest investment issuance issued letter of credit liabilities limited liquidation Model Act NAIC natural catastrophes Northridge earthquake obligations offshore payments percent PIMCO policies policyholders portfolio premiums principal protected cell assets protected cell company Purpose Reinsurance Vehicle pursuant rating agencies regulatory reinsurance agreement reinsurance ceded reinsurance contract reinsurance market reinsurance prices requirements risk-linked securities market Section special purpose entities Special Purpose Reinsurance specific sponsor SPRV contract statutory accounting Statutory Accounting Principles subsection swap traditional reinsurance trust account trust agreement underwriting USAA WELDON
Pasajes populares
Página 139 - control" (including the terms "controlling", "controlled by" and "under common control with") means the possession, direct or Indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise.
Página 90 - The fair value of an asset (or liability) is the amount at which that asset (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale.
Página 116 - The taxes imposed by this section shall apply with respect to liquids sold at retail by the United States, or by any agency or instrumentality of the United States, unless sales by such agency or instrumentality are by statute specifically exempted from such taxes, (k) Fuels containing alcohol.— (1) In general.
Página 109 - Act, and the application of such provision to persons or circumstances other than those to which it is held invalid, shall not be affected thereby.
Página 155 - The domiciliary receiver for the purpose of liquidating an insurer domiciled in a reciprocal state shall be vested by operation of law with the title to all of the property, contracts and rights of action, and all of the books and records of the insurer located in this state...
Página 118 - Promissory notes directly secured by a first lien on a single parcel of real estate upon which is located a dwelling or other residential or commercial property...
Página 103 - ... to be its true and lawful attorney, upon whom may be served all lawful process in any action, suit, or proceeding instituted by or on behalf of an insured or beneficiary arising out of any such...
Página 90 - Estimates of expected future cash flows, if used to estimate fair value, shall be the best estimate based on reasonable and supportable assumptions and projections. All available evidence shall be considered in developing estimates of expected future cash flows. The weight given to the evidence shall be commensurate with the extent to which the evidence can be verified objectively. If a range is estimated for either the amount or timing of possible cash flows, the likelihood of possible outcomes...
Página 132 - Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce...
Página 266 - Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and four US territories.