Actuarial Expert definition

Actuarial Expert means [*****] (or such other actuarial expert or firm as the Parties may agree in writing).
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Actuarial Expert means a senior actuary reasonably agreed to by the parties who is a qualified Fellow of the Society of Actuaries at a nationally-recognized actuarial or accounting firm that is not the auditor or independent accounting firm of either of the parties hereto who is otherwise independent and impartial and who has at least ten (10) years’ experience evaluating life and annuity reinsurance transactions.
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Examples of Actuarial Expert in a sentence

  • The determination of the Actuarial Expert shall be final, binding and conclusive on the Parties.

  • The fees, expenses and costs of the Actuarial Expert incurred in rendering any determination pursuant to this Section 4.2(d) shall be split equally between the Parties.

  • If, by the end of the Report Resolution Period, the Parties are unable to reach such agreement with respect to all of the Report Disputed Items, they shall promptly thereafter engage and submit the unresolved Report Disputed Items (the “Report Unresolved Items”) to the Actuarial Expert which shall promptly review the relevant Reports and the Report Unresolved Items.

  • If, by the end of the Resolution Period, the Retrocedent and the Retrocessionaire are unable to reach such agreement with respect to all of the Disputed Items, they shall promptly thereafter engage and submit the unresolved Disputed Items (the “Unresolved Items”) to the Actuarial Expert which shall promptly review this Agreement and the Unresolved Items.

  • The Actuarial Expert shall issue its written determination with respect to each Unresolved Item and calculate the Recapture Amount on the basis of such determination within thirty (30) days after the Unresolved Items are submitted for review to the Actuarial Expert.

  • The Actuarial Expert shall issue its written determination with respect to each Report Unresolved Item within thirty (30) days after the Report Unresolved Items are submitted for review to the Actuarial Expert.

  • Each Party shall use commercially reasonable efforts to furnish to the Actuarial Expert such work papers, books, records and documents and other information pertaining to the Unresolved Items as the Actuarial Expert may request.

  • Each Party shall use commercially reasonable efforts to furnish to the Actuarial Expert such work papers, books, records and documents and other information pertaining to the Report Unresolved Items as the Actuarial Expert may request.

  • The determination of the Actuarial Expert shall be final, binding and conclusive on the Retrocedent and the Retrocessionaire.

  • The determinations by the Actuarial Expert as to the items in dispute shall (i) be based on presentations and written submissions by the Ceding Company and the Reinsurer to the Actuarial Expert and not by independent review, and (ii) be in writing and set forth in reasonable detail the basis for the Actuarial Expert’s final determination of any disputed amount or item based on actuarial standards of practices, the terms of this Agreement and the Reinsured Policies, and consistent with Ceding Company SAP.