Insurance company means an insurance company as defined in section 201 of the Dodd-Frank Act 12 U. Equity exposures, excluding significant investments in the capital of an unconsolidated financial institution in the form of common stock and exposures to an investment firm that would meet the definition of a traditional securitization were it not for the application of paragraph 8 of that definition in § 324. Federal Deposit Insurance Corporation Improvement Act means the Federal Deposit Insurance Corporation Improvement Act of 1991 Pub. The 's ratio is the lower of: i The ratio of the 's to ; and ii The ratio of the 's advanced-approaches-adjusted to. Regulated financial institution means a financial institution subject to consolidated supervision and regulation comparable to that imposed on the following U. Exposure category means any of the wholesale, retail, securitization, or equity exposure categories.
. The denial shall identify the independent medical examination report or review of records report, if already submitted to the Board, by the document identification number in the electronic case folder and date received by the Board. For good cause shown, the Workers' Compensation Law Judge may grant an adjournment if one or both of the medical professionals cannot be deposed and transcripts filed with the Board at or prior to the hearing, or if one or both of the medical professionals cannot appear to testify at the expedited hearing. Significant investments in the capital of unconsolidated financial institutions in the form of common stock that are not deducted from capital pursuant to § 324. As a condition of Federal deposit insurance, all insured depository institutions must remain in a safe and sound condition. An insurance carrier or Special Fund that has opted-out of this process may opt-in by providing notice to the Chair or his or her designee in writing sixty days prior to beginning participation. A fee of ten dollars will be charged for each guideline requested in paper format, and a fee of five dollars will be charged for a compact disc containing all guidelines requested.
Any negative fair values in the probability distribution of fair values to a counterparty at a specified future date are set to zero to convert the probability distribution of fair values to the probability distribution of credit risk exposures. If a user organization, for example, uses a service organization to process its payroll transactions, the user organization may establish controls over the submission and receipt of payroll information that could prevent or detect material misstatements. Credit-enhancing representations and warranties include provisions to protect a party from losses resulting from the default or nonperformance of the counterparties of the underlying exposures or from an insufficiency in the value of the collateral backing the underlying exposures. For purposes of this calculation, economic capital is the unexpected losses for all counterparty credit risks measured at a 99. The insurance carrier or Special Fund shall submit the response to the variance request within thirty days of receipt of the request.
. Protection amount P means, with respect to an exposure hedged by an eligible guarantee or eligible credit derivative, the effective notional amount of the guarantee or credit derivative, reduced to reflect any currency mismatch, maturity mismatch, or lack of restructuring coverage as provided in § 324. If the claimant or claimant's legal representative, if any, is informed or knows that the Treating Medical Provider is trying to informally resolve the denial of the variance request in accordance with subdivision d of this section, the claimant or claimant's legal representative shall not request review of the denial until advised that attempts at informal resolution have been unsuccessful or the informal resolution period has expired. The service auditor should recognize that the subservice organization generally is not the client for the engagement. The service organization determines which method will be used.
When calculating risk-based capital requirements, the average is taken over a one-year horizon. For purposes of this paragraph b , the location of an underlying exposure shall be the location of the borrower, determined consistent with paragraph b 1 iv A of this section. Where positive or negative cash flows on a wholesale exposure to a defaulted obligor or a defaulted retail exposure including proceeds from the sale of collateral, workout costs, additional extensions of credit to facilitate repayment of the exposure, and draw-downs of unused credit lines occur after the date of default, the economic loss must reflect the net present value of cash flows as of the default date using a discount rate appropriate to the risk of the defaulted exposure. An equity exposure to an investment firm must be assigned a 600 percent risk weight, provided that the investment firm: i Would meet the definition of a traditional securitization were it not for the application of paragraph 8 of that definition; and ii Has greater than immaterial leverage. If equity positions are included in the model, for modeling purposes default is considered to have occurred upon the default of any debt of the issuer of the equity position. Congress but whose debt obligations are not explicitly guaranteed by the full faith and credit of the U.
Incremental risk means the default risk and credit migration risk of a position. The Workers' Compensation Law Judge shall issue his or her decision on the request for review of the denial of the variance at the expedited hearing, including the reasons and evidence supporting the decision, and a notice of decision will be sent after the close of the hearing, unless the Workers' Compensation Law Judge determines on the record that there are complex medical issues, in which case he or she will reserve his or her decision and the written decision shall be issued shortly after the expedited hearing. The specific control objectives of the service organization should be set forth in the service organization's description of controls. Medical care costing more than one thousand dollars included on the pre-authorized procedures list are pre-authorized so Treating Medical Providers are not required to request prior authorization. Notice of the expedited hearing shall provide that the parties may take the testimony of the claimant's Treating Medical Provider and the insurance carrier or Special Fund's medical professional, independent medical examiner, or records reviewer who wrote the written report upon which the denial of the variance request was based at or prior to the hearing, unless the denial was solely based on the failure of the Treating Medical Provider to meet his or her burden of proof as provided in subdivision b 2 i c. Subsequent requests for review of a variance denial shall be referred to the medical arbitrator process unless a party requests referral for an expedited hearing.