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.
Appears in 12 contracts
Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co)
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.
Appears in 2 contracts
Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Golden American Life Insurance Co /Ny/)
