Riders Coinsurance. Riders will be reinsured on a coinsurance basis. Accordingly, the Reinsurer will establish a trust account and/or letter of credit pursuant to Article IV for its quota share portion under this Agreement so that the Ceding Company may deduct full reserve credit in its statutory financial statements for such quota share portion.
Appears in 2 contracts
Samples: Reinsurance Trust Agreement (Lincoln Life Variable Annuity Account N), Reinsurance Agreement (Ohio National Variable Account A)
Riders Coinsurance. Riders will be reinsured on a coinsurance basis. Accordingly, the Reinsurer will establish a trust account and/or letter of credit pursuant to Article IV for its quota share portion under this Agreement as described in Schedule A-1 so that the Ceding Company may deduct full reserve credit in its statutory financial statements for such quota share portion.
Appears in 2 contracts
Samples: Reinsurance Agreement (Lincoln Life Variable Annuity Account N), Reinsurance Agreement (Lincoln Life Variable Annuity Account N)
Riders Coinsurance. Riders will be reinsured on a coinsurance basis. Accordingly, the Reinsurer will establish a trust account and/or letter of credit pursuant to Article IV as collateral for its quota share portion under this Agreement so that the Ceding Company may deduct full reserve credit in its statutory financial statements for such quota share portion.
Appears in 1 contract
Samples: Reinsurance Agreement (Separate Account a of Pacific Life Insurance Co)
Riders Coinsurance. Riders will be reinsured on a coinsurance basis. Accordingly, the Reinsurer will establish a trust account and/or and/or, if approved by the Ceding Company, letter of credit pursuant to Article IV for its quota share portion under this Agreement so that the Ceding Company may deduct full reserve credit in its statutory financial statements for such quota share portion.
Appears in 1 contract
Samples: Reinsurance Agreement (Pruco Life Flexible Premium Variable Annuity Account)
