Non-Guaranteed Elements definition

Non-Guaranteed Elements means the premiums, credited interest rates (including any bonus), benefits, values, dividends, non-interest based credits, charges or elements of formulas used to determine any of these, that are subject to company discretion and are not guaranteed at issue. An element is considered non-guaranteed if any of the underlying non-guaranteed elements are used in its calculation.

Non-Guaranteed Elements means cost of insurance charges, loads and expense charges, credited interest rates, mortality and expense charges, administrative expense risk charges, variable premium rates, variable paid-up amounts, policyholder dividends and other policy features that are subject to change.

Non-Guaranteed Elements means the premiums, benefits, values, credits or charges under a policy of life insurance that are not guaranteed or not determined at issue.

Examples of Non-Guaranteed Elements in a sentence

• From and after the Effective Date, the Ceding Company shall establish Non-Guaranteed Elements for the Business Reinsured in accordance with the Non-Guaranteed Element Policy.

• The Reinsurer may make recommendations to the Ceding Company and the Ceding Company shall fully consider such recommendations and shall not unreasonably reject any such recommendations that comply with the terms of the Business Reinsured, applicable law and applicable Actuarial Standards of Practice, however, the Ceding Company shall retain the ultimate authority to establish Non-Guaranteed Elements in accordance with the Non-Guaranteed Element Policy.

• Non-Guaranteed Elements Consistent with the definition in VM-01, Non-Guaranteed Elements (NGEs) are elements within a contract that affect policy contract costs or values and are not guaranteed or not determined at issue.

• Non-Guaranteed Elements Consistent with the definition in VM-01, Non-Guaranteed Elements (NGEs) are elements within a contract that affect contract costs or values and are not guaranteed or not determined at issue.

• Non-Guaranteed Elements (NGE) are to be included in the models used to project future cash flows for the Stochastic Amount.

More Definitions of Non-Guaranteed Elements

Non-Guaranteed Elements means the definition of “nonguaranteed charges or benefits” set forth in Actuarial Standard of Practice 2 – Non-Guaranteed Charges or Benefits for Life Insurance Policies and Annuity Contracts in effect as of the Effective Date and any successor rules for such Non-Guaranteed Elements as in effect from time to time.

Non-Guaranteed Elements means the index cap rates, expense charges, and administrative expense risk charges, as applicable, under the Policies.

Non-Guaranteed Elements has the meaning set forth in the Reinsurance Agreement.

Non-Guaranteed Elements has the meaning ascribed thereto in Section 2.7(b).

Non-Guaranteed Elements shall have the meaning specified in Section 3.3.

Non-Guaranteed Elements shall have the meaning specified in Schedule XV.

Non-Guaranteed Elements means, with respect to the Reinsured Policies, policy elements that are subject to change or that are within the discretion of the Cedant, including cost of insurance charges, loads and expense charges, credited interest rates, mortality and expense charges, administrative expense risk charges, variable premium rates, variable paid-up amounts and policyholder dividends.