Calculation of Initial Modified Coinsurance Adjustment. The Reinsurer shall owe to the Ceding Company an initial modified coinsurance adjustment (the “Initial Modified Coinsurance Adjustment”) equal to the sum of the Net Statutory Reserve as of the Effective Date for each of the types of General Account Modified Coinsurance Business, each multiplied by the applicable Quota Share for the type of Business Reinsured.
Appears in 26 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Three), Reinsurance Agreement (Talcott Resolution Life & Annuity Insur Co Separate Account Three), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven)
