hazardous financial condition

(7) “hazardous financial condition” means that, based on its present or reasonably anticipated financial condition, a risk retention group is unlikely to be able— (A) to meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or (B) to pay other obligations in the normal course of business.

Source

15 USC § 3901(a)(7)


Scoping language

None identified. Default scope is assumed to be the entire title.
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