Modified Coinsurance Reserve. The "Modified Coinsurance Reserve" equals the Reinsurer's quota share of the greater between the Statutory Reserve and the Account Value.
Modified Coinsurance Reserve. The term "Modified Coinsurance ---------------------------- Reserve," as used in this Agreement, means a quota share of the statutory reserve excluding any additional reserves held for minimum guaranteed death benefits or held for VAGLB Riders that the Ceding Company holds with respect to that portion of the annuities reinsured hereunder. The statutory reserve will be determined by the Commissioners Annuity Reserve Valuation Method, or as required by law.
Modified Coinsurance Reserve. The Modified Coinsurance Reserve is equal to the Account Value as defined in Paragraph 5 below.
Modified Coinsurance Reserve. The term "Modified Coinsurance Reserve," as used in this Agreement, means the product of (i) times [(ii) plus (iii)], where:
Modified Coinsurance Reserve. The term “Modified Coinsurance Reserve,” as used in this Agreement, shall mean an amount equal to the Separate Account Value (as defined in Paragraph 5 below).
Modified Coinsurance Reserve. The term "Modified Coinsurance Reserve," as used in this Agreement, means a quota share of the statutory reserve held by the Ceding Company with respect to that portion of the annuities reinsured hereunder. The statutory reserve will be determined by the then applicable Commissioners Annuity Reserve Valuation Method, excluding any reserve for the minimum guaranteed death benefit.
Modified Coinsurance Reserve. The term "Modified Coinsurance Reserve," as used in this Agreement, means the statutory reserve held by the Ceding Company with respect to the annuities reinsured hereunder.
Modified Coinsurance Reserve. The term "Modified Coinsurance Reserve," as used in this Agreement, means the Quota Share of the aggregate Account Value of the Annuities.
Modified Coinsurance Reserve. The Modified Coinsurance Reserve is equal to (i) minus (ii), where:
Modified Coinsurance Reserve. The term “Modified Coinsurance Reserve,” as used in this Agreement, means the statutory reserve on the portion of the policies reinsured hereunder. The term “statutory reserve” as used in this Agreement, means the total Separate Account and General Account reserves calculated by Ceding Company under its state insurance regulations and in accordance with accepted actuarial industry practices. The General Account reserves and liabilities reinsured hereunder include the basic reserves for the General Account as well as any additional reserves such as for substandard risks, minimum death benefit Guarantees, and AIDS reserve. The General Account Reserves can be found on Line 1, Page 3 of the Annual Statement. The Separate Account Reserves consist of the sum of Line 27, the insert for Line 13A, and Line 25.02 of Page 3 of the Annual Statement.
