Par Policies definition

Par Policies mean the individual participating life insurance policies and participating annuities issued by XXXX which are included within the Policies.
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Par Policies mean the participating life insurance policies issued, reinsured or assumed by the Ceding Company that are included within the Covered Insurance Policies, including the Regulatory Closed Block.
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Examples of Par Policies in a sentence

  • The Reinsurer may, from time to time, make recommendations to the Ceding Company with respect to such dividends so long as the recommendations comply and are consistent with the terms of the Par Policy Requirements, the terms of the Par Policies, Applicable Law and applicable actuarial standards of practice.

  • For financial reporting purposes and otherwise, the Reinsurer shall segregate all assets, liabilities and surplus related to the Par Policies and account for all assets, liabilities and surplus related to the Par Polices as a closed block of business; provided, however, the Reinsurer and the Company agree that any Policies ceded to the Company pursuant to Section 2.9 and retroceded to the Reinsurer hereunder shall be deemed part of such closed-block of business.

  • Within 60 days after the end of each calendar year, the Reinsurer shall receive an annual transfer out of profits on the Par Policies from the Par Surplus equal to: $.50 per $1000.00 of the face amount of post-1967 Par Policies in-force as of December 31st of such calendar year.

  • The composition of investment securities transferred to the Reinsurer with respect to the Par Policies shall be mutually identified by the parties and, unless otherwise agreed, transferred at their book value, determined in conformity with Connecticut SAP.

  • For financial reporting purposes and otherwise, the Reinsurer shall segregate all assets, liabilities and surplus related to the Par Policies and account for all assets, liabilities and surplus related to the Par Polices as a closed block of business.

  • The items related to New Par Policies will be shown in the columns on Schedule NP related to participating business.

  • Schedule NP will show separately the Assets, Liabilities and Surplus and the Summary of Operations for (i) par policies issued subsequently to the Effective Date (New Par Policies), and (ii) all other policies and contracts.

  • Within 60 days after the end of each calendar year, the Reinsurer shall receive an annual transfer out of profits on the Par Policies from the Par Surplus equal to: (a) $.50 per $1000.00 of the face amount of post-1967 Par Policies in-force as of December 31st of such calendar year, less (b) the aggregate face amount of such Par Policies reinsured pursuant to a coinsurance agreement other than this Agreement or the coinsurance agreement of even date herewith between XXXX and LLANY.

Related to Par Policies

  • D&O Policies has the meaning set forth in Section 8.06.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Policies shall have the meaning specified in Section 6.1(b) hereof.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Mandatory Policies means the following of our business policies and codes:

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Consensus Policies are those policies established (1) pursuant to the procedure set forth in ICANN’s Bylaws and due process, and (2) covering those topics listed in Section 1.2 of this Specification. The Consensus Policy development process and procedure set forth in ICANN’s Bylaws may be revised from time to time in accordance with the process set forth therein.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

  • Investment Policies means the investment objectives, policies, restrictions and limitations set forth in the “BUSINESS” section of its Registration Statement, and as the same may be changed, altered, expanded, amended, modified, terminated or restated from time to time.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Policy means Related Party Transaction Policy.

  • Shared Policies has the meaning set forth in Section 8.1(b).

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Tail Policy has the meaning set forth in Section 6.18(b).