Separate Account Reserves. Notwithstanding anything to the contrary herein, effective as of the Effective Date the Company and the Reinsurer shall reinsure the Separate Account Reserves on a modified coinsurance basis, subject to the execution and delivery of the NY Modified Coinsurance Agreement; provided, however, that the Company shall retain, control and own all Separate Account Assets and Separate Account Reserves whether or not the NY Modified Coinsurance Agreement is executed and delivered.
Appears in 5 contracts
Samples: Coinsurance Agreement, Coinsurance Agreement (ING U.S., Inc.), Coinsurance Agreement (Lincoln National Corp)
