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 1
... pursuant to call , at 2:08 p.m. , in Room 2128 , Rayburn House Office Building , Hon . Sue Kelly [ chairman of the subcommittee ] presiding . Present : Representatives Weldon , Tiberi , and Inslee . Chairwoman KELLY . [ Presiding ...
... pursuant to call , at 2:08 p.m. , in Room 2128 , Rayburn House Office Building , Hon . Sue Kelly [ chairman of the subcommittee ] presiding . Present : Representatives Weldon , Tiberi , and Inslee . Chairwoman KELLY . [ Presiding ...
Página 83
... pursuant to a reinsurance agreement between the account party and the beneficiary . The LOC must be " clean " ( i.e. , not subject to any other documents conditions or to any limitations , other than its face amount , and not dependent ...
... pursuant to a reinsurance agreement between the account party and the beneficiary . The LOC must be " clean " ( i.e. , not subject to any other documents conditions or to any limitations , other than its face amount , and not dependent ...
Página 91
... pursuant to the transaction terms is contingent upon the occurrence or nonoccurrence of an event with respect to which the protected cell company is exposed to loss under insurance or reinsurance contracts it has issued . " Protected ...
... pursuant to the transaction terms is contingent upon the occurrence or nonoccurrence of an event with respect to which the protected cell company is exposed to loss under insurance or reinsurance contracts it has issued . " Protected ...
Página 100
... pursuant to pooling arrangements among insurers in the same holding company system . Drafting Note : The term " substantially similar ” means standards that equal or exceed the standards of the enacting state , as determined by the ...
... pursuant to pooling arrangements among insurers in the same holding company system . Drafting Note : The term " substantially similar ” means standards that equal or exceed the standards of the enacting state , as determined by the ...
Página 102
... pursuant to reinsurance contracts issued in the name of the group ; In addition , maintain a joint trusteed surplus of which $ 100,000,000 shall be held jointly for the benefit of U.S. domiciled ceding insurers of any member of the ...
... pursuant to reinsurance contracts issued in the name of the group ; In addition , maintain a joint trusteed surplus of which $ 100,000,000 shall be held jointly for the benefit of U.S. domiciled ceding insurers of any member of 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.