SAP definition

SAP means the SAP entity that has entered into this Agreement, as well its Affiliates.

SAP means, with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the insurance commissioner (or other similar authority) in the jurisdiction of such Insurance Subsidiary for the preparation of annual statements and other financial reports by insurance companies of the same type as such Insurance Subsidiary that are applicable to the circumstances as of the date of filing of such statement or report.

SAP means the statutory accounting principles, consistently applied, as prescribed or permitted by the insurance regulatory authorities in the Ceding Company’s state of domicile.

Examples of SAP in a sentence

• That information is uniquely tied to your SAP Vendor Number and, for security purposes, should not be explicitly stated on an invoice.

• From and after the Effective Time, the Ceding Company shall retain and own all assets contained in the Separate Accounts and shall hold the Separate Account Reserves with respect to the Reinsured Contracts that are funded, in whole or in part, by one or more of the Separate Accounts and such Separate Account Reserves shall be reported by the Ceding Company on its Separate Account balance sheets, consistent with the Ceding Company Domiciliary State SAP.

• All invoices must have the Purchase Order Number, as well as the Operator’s SAP Vendor Number on the invoice.

• While basic/general sampling and analysis protocols will be addressed in the QAP, the individual project sampling design and project-specific QA/QC issues should be addressed in the project SAP.

• The successful implementation of the NAPs will therefore enable the achievement of the objectives of the SAP.

More Definitions of SAP

SAP means, as to any insurance or reinsurance company, the statutory accounting practices prescribed or permitted by the applicable insurance regulatory authority of the jurisdiction in which it is domiciled.

SAP means the accounting procedures and practices prescribed or permitted by the Applicable Insurance Regulatory Authority or the NAIC.

SAP means, with respect to any Regulated Insurance Company, the accounting procedures and practices prescribed or permitted by the Applicable Insurance Regulatory Authority of the state in which such Regulated Insurance Company is domiciled; it being understood and agreed that determinations in accordance with SAP for purposes of Section 7, including defined terms as used therein, are subject (to the extent provided therein) to Section 11.07(a).

SAP means the SAP entity that has entered into this Agreement.

SAP s Customer Support Website” shall mean SAP’s customer facing support website under http://support.sap.com/.

SAP means, with respect to any Insurance Subsidiary, the accounting procedures and practices prescribed or permitted by the Applicable Insurance Regulatory Authority, applied on a basis consistent with those that, in accordance with the last sentence of Section 1.04(a), are to be used in making the calculations for purposes of determining compliance with this Agreement.

SAP means the SAP entity which is further identified in the XXXX Acceptance Form as “SAP”.