1. The test to show that the insurer or underwriter is complying with FSA solvency requirements by comparing the available solvency margin with the required minimum margin. 2. Actuarial calculation to determine whether an occupational pension scheme’s assets are sufficient to pay the benefits to members.

A sonic bang is the result of pressure waves caused by air craft travelling at sonic or supersonic speeds. The exclusion of damage caused by sonic bangs is found in all property insurances. In motor insurance the exclusion applies only to the any ‘own damage’ cover that may apply.

Cargo clause defining termination of cover on South American shipments. It overrides both the warehouse to warehouse clause and the marine extension clause and extends cover after discharge from the overseas vessel. Cover terminates on the soonest of: (a) delivery at the final warehouse at the named destination; (b) 60 days after discharge from the vessel; or (c) 90 days after discharge from the vessel on shipments by way of the Magdalena River.