Common use of Actuarial Services Clause in Contracts

Actuarial Services. (1) LMG will assist and provide actuarial support to ▇▇▇▇▇▇▇. LMG's responsibilities will vary by each product jointly developed and may include: Provide initial product specification Provide competitive analysis for the product Define pricing assumptions Provide any necessary support for pricing assumptions Share deterministic pricing results Perform sensitivity analysis Provide final product specifications Define actuarial memorandum Provide Actuarial field support Monitor actuarial assumptions Assist in ongoing profit/pricing management of the business (2) LMG will draft initial policy forms and applications to be used for each product jointly developed. LMG will assist ▇▇▇▇▇▇▇ in the completion and preparation of filing such forms, and assist in the approval process, LMG's responsibilities may vary with each product jointly developed.

Actuarial Services. (1) LMG will assist and provide actuarial support to ▇H▇▇▇▇▇▇. LMG's responsibilities will vary by each product jointly developed and may include: Provide initial product specification Provide competitive analysis for the product Define pricing assumptions Provide any necessary support for pricing assumptions Share deterministic pricing results Perform sensitivity analysis Provide final product specifications Define actuarial memorandum Provide Actuarial field support Monitor actuarial assumptions Assist in ongoing profit/pricing management of the business business (2) LMG will draft initial policy forms and applications to be used for each product jointly developed. LMG will assist ▇H▇▇▇▇▇▇ in the completion and preparation of filing such forms, and assist in the approval process, LMG's responsibilities may vary with each product jointly developed.