Investment of Trust Assets. The assets held in the Trust Account shall be valued at their Fair Market Value as of the date as of which such assets are required to be valued. The assets that may be held in the Trust Account shall consist of cash, certificates of deposit issued by a U.S. bank and payable in U.S. dollars and investments of the type permitted by Connecticut Insurance Regulations Section Section 38a-88-6 and 38a-88-7 or any successor provision and all other Applicable Laws that would govern the permitted assets for the Trust Account; provided, that each such investment that is a security is issued by an institution that is not the parent, subsidiary or affiliate of either Reinsurer or Company, and (ii) such investments shall be managed in accordance with the investment guidelines as set forth on Exhibit C (the assets pursuant to this sentence being the "Eligible Assets").
Appears in 5 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven)
