RESERVES FOR REINSURANCE. See Schedule A.
RESERVES FOR REINSURANCE. The reinsurance reserve is the one-year term reserve on the portion of each policy reinsured. This reserve will be calculated using 1980 CSO ultimate mortality and 4 ½ % interest.
RESERVES FOR REINSURANCE. Reserves for this YRT Agreement shall be based on 1/2cx using the minimum valuation mortality table and maximum valuation interest rate. The statutory reserve basis for the reinsurance will be shown on the reserve credit summary provided each quarter.
RESERVES FOR REINSURANCE. If THE COMPANY pays premiums on an Annual Mode, the statutory reserve is the one-year term reserve on the portion of each policy reinsured by THE REINSURER. If THE COMPANY pays premiums on a Monthly Mode, the statutory reserve is the one-month term reserve on the portion of each policy reinsured by THE REINSURER. The reserve credit taken by THE COMPANY will meet the minimum requirements specified in the valuation law of the State of New Jersey for the applicable year of issue. The parties intend that THE COMPANY will receive its full statutory reserve credit in the State of New Jersey for the portion of the risks ceded under this Agreement.
RESERVES FOR REINSURANCE. As a result of reinsurance premiums being paid on a monthly mode on a calendar month basis, there will be no reinsurance reserve.
RESERVES FOR REINSURANCE. The Reinsurer shall hold reinsurance reserves in accordance with all applicable laws and regulations that the Reinsurer deems controlling.
RESERVES FOR REINSURANCE. 7 17. CLAIMS...........................................................................................7 18. MISREPRESENTATION AND MISSTATEMENT...............................................................9 19. POLICY CHANGES...................................................................................9 20. RECAPTURE.......................................................................................10 21. REINSTATEMENTS..................................................................................11
RESERVES FOR REINSURANCE. The statutory reserve basis for the reinsurance will be shown on the reserve credit summary provided each quarter.
RESERVES FOR REINSURANCE. THE REINSURER will hold a reserve at least as high as the amount determined as the one-year term reserve on the portion of each policy reinsured. This reserve will be calculated using the interest rate specified in the standard valuation law for the applicable year of issue and the sex and smoker distinct 1980 CSO ultimate ALB mortality table.
RESERVES FOR REINSURANCE. 11 • CLAIMS 11 • NOTICE 11 • AMOUNT AND PAYMENT OF BENEFITS 12 • CLAIM SETTLEMENTS 12 • CLAIM EXPENSES 13 • EXTRACONTRACTUAL DAMAGES 13 • MISREPRESENTATION, SUICIDE, AND MISSTATEMENT 13
