Deficiency Reserves. No deficiency reserves will be held by the Reinsurer for the Reinsured Policies.
Deficiency Reserves. If deficiency reserves are required to be held by the Company on any policy reinsured under this Agreement, the entire amount of any such reserve will be established and held by the Company.
Deficiency Reserves. The Company and the Reinsurer agree that the terms of this reinsurance have been determined on the mutual assumption that the Reinsurer will not be required to hold any amount of U.S. statutory deficiency reserve amounts by virtue of the assurances provided above. Should the Reinsurer at any time be required to establish or maintain any such deficiency reserve amounts by the insurance regulatory authority in its state of domicile, upon the Reinsurers written notice to the Company thereof, this agreement will be automatically modified and amended to delete the provision above.
Deficiency Reserves. The Company and the Reinsurer agree that the terms of this reinsurance have been determined on the mutual assumption that Reinsurer will not be required to hold any amount of U.S. "statutory deficiency reserves" for the business ceded hereunder by virtue of the assurances provided in Sections (1), (2), (3) and (4) above. Should this language prove insufficient and the Reinsurer is or may be required to establish or maintain any such deficiency reserve amounts for the business ceded hereunder by an insurance regulatory authority, upon the receipt of Reinsurer's written notice to the Company thereof, Paragraph A will be automatically amended to delete Section (2) above without any further formalities or actions. For purposes of clarity, this agreement is premised upon it not causing the Reinsurer to hold deficiency reserves. Should Section 2 of Paragraph A be deleted as provided above, the parties will make a good faith effort to revise Paragraph A of this article so that the Reinsurer will not be required to hold deficiency reserves while maintaining the spirit of the provision.
Deficiency Reserves. If YRT [No Deficiency Reserves will be held by the Reinsurer for the Reinsured policies.] If Coinsurance [The Reinsurer anticipates that it will use the Company's X Factors in calculating deficiency reserves. Such X factors and supporting actuarial certification and memorandum will be made available to the Reinsurer. The Company will promptly communicate any change in its mortality reserve assumptions to the Reinsurer. If the Company makes any change to its reserving methodology that results in differences in the level of reserves it must hold on statutory basis, then the Reinsurer reserves the the right to make changes to the reinsurance allowances under this Agreement. Should the Reinsurer calculate its own X Factors for the purpose of determining reserves on the Reinsured Policies and hold reserves based on such calculations, the rates and allowances under this Agreement will be unaffected.]
Deficiency Reserves. No Deficiency Reserves will be held by the Reinsurer for the Reinsured policies. Exhibit C-3 (Effective April 14, 2003) Specific Terms
Deficiency Reserves. No deficiency reserves will be held by the Reinsurer for the Reinsured Policies, 11. Minimum Recapture Period: [ redacted] 12. Business Transfer Events: If a Business Transfer Event occurs, a Transfer Settlement Amount will be calculated and paid. The Transfer Settlement Amount will be: (a) Any amounts due the Company on the reinsured amounts being transferred, determined as of the effective date of the transfer; less (b) Any amounts due the Reinsurer on the reinsured amounts being transferred, determined as of the effective date of the transfer; plus (c) The appropriate amount of benefit reserves to be held in respect of the reinsured amounts being transferred determined as of the effective date of the transfer, based on net U.S. generally accepted accounting principles ("GAAP") consistent with FASB Statement 60 computed using original pricing assumptions without provision for adverse deviation, less any amount of unamortized deferred acquisition cost assets related thereto and excluding any provisions for adverse deviations or similar deficiency or special reserves; less (d) An aggregate amount equal to the sum as respects all reinsured amounts transferred of (i) the premium in force for such policy as of the month end immediately preceding the effective date of the transfer times Iii) a "Business Transfer Factor" to be determined at the time of the event. If the Transfer Settlement Amount is greater than zero, the Reinsurer will pay the amount to the Company in cash. If the Transfer Settlement Amount is less than zero, the Company will pay the absolute value of the Transfer Settlement Amount to the Reinsurer in cash. The Transfer Settlement Amount will be paid not later than 15 days following final determination of such amount in accordance with the provisions of this Section. However z) if the amount of the Transfer Settlement Amount required as to any Business Transfer Event exceeds $25 million, the party making the payment will have the option to make the payment in five equal annual installments, including accrued interest, commencing on the effective date of the transfer. The parties will cooperate with each other in order to provide any information reasonably requested by either party in connection with the determination or assessment of the Transfer Settlement Amount.
Deficiency Reserves. Should the Ceding Company be required under the statutes or regulations of any State to establish a deficiency reserve on any policy reinsured hereunder, the entire amount of such a reserve, including that pertaining to the portion of the policy reinsured, will be established and held by the Ceding Company.
Deficiency Reserves. [REDACTED]
Deficiency Reserves
