Examples of KILICO Agreement in a sentence
The Company shall utilize experienced and qualified personnel and shall provide such services in a manner consistent with (i) the terms of the Policies, (ii) the relevant terms of the KILICO Agreement, (iii) all applicable laws, rules and regulations, including those provisions of the Code and Treasury Regulations necessary to provide the Policy holders with the tax benefits associated with the Policies, and (iv) the industry standards for skill, diligence and expertise.
The Reinsurer shall manage the General Account Assets, and the Company shall take all steps necessary to effectuate all trading and other decisions made with respect to the General Account Assets, include (subject to any restrictions in the KILICO Agreement or KILICO Security Trust) the creation or arrangement of separate custodial accounts or sub-accounts within the KILICO Security Trust.
In addition, subject to any restrictions contained in the KILICO Agreement and the Company’s prior written consent, which shall not be unreasonably withheld, delayed or conditioned, the Reinsurer may arrange for one or more other duly authorized third party administrators to perform any portion of the services that Reinsurer has agreed to provide under this Agreement.
The Company will follow each such recommendation, unless the recommendation would violate the Policies, the KILICO Agreement, Applicable Law or applicable common law or impose a liability or cost on the Company that is not indemnified or reimbursed by the Reinsurer.
Subject to any restrictions contained in the KILICO Agreement the Reinsurer shall have the right to arrange for the third Party administrators, identified and listed in Exhibit U, to perform any portion of the services that Reinsurer has agreed to provide under this Agreement.