Policy Account definition

Policy Account means the Eligible Deposit Account established by the Subordination Agent pursuant to Section 2.2(a)(iii).

Policy Account has the meaning set forth in the Account Control Agreement.

Policy Account means accumulation of Contributions/Premium(s) at the Policyholder level as per Policyholder’s instructions;

Examples of Policy Account in a sentence

• Under Option B, the Death Benefit is equal to the Face Amount plus the Policy Account Value.

• The Alternative Death Benefit is calculated by multiplying the Policy Account Value by a percentage specified in the policy.

• Amounts on deposit in the Policy Account shall not be invested and shall not be held in an interest-bearing account.

• In my opinion, the illustrations of death benefits, Policy Account Values, and Net Cash Surrender Values included in the prospectus, based on the assumptions stated in the illustrations, are consistent with the provisions of the form of the Policy and with GIAC’s administrative procedures.

• All partial withdrawals will reduce the Policy Account Value by the amount of the partial withdrawal.

More Definitions of Policy Account

Policy Account. The trust account or accounts created and maintained by the Securities Administrator, on behalf of the Trustee pursuant to Section 4.05 hereof in the name of the Trustee for the benefit of the Class 1A-1B and Class 2A-1C Certificateholders and designated “Policy Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered Certificateholders of DSLA Mortgage Loan Trust 2006-AR1, DSLA Mortgage Loan Pass-Through Certificates, Series 2006-AR1, Class 1A-1B and Class 2A-1C Certificates.”

Policy Account. The trust account or accounts created and maintained by the Trustee pursuant to Section 4.05 hereof in the name of the Trustee for the benefit of the Class 1A-1B and Class 2A-1C1 Certificateholders and designated “Policy Account, Xxxxx Fargo Bank, N.A., as Trustee, in trust for the registered Certificateholders of HarborView Mortgage Loan Trust, Mortgage Pass-Through Certificates, Series 2007-1, Class 1A-1B and Class 2A-1C1 Certificates.”

Policy Account means the portion of the Separate Account liabilities as shall from time to time relate to the Policies as determined pursuant to Section 5.02(a).

Policy Account means the Eligible Deposit Account established by the Trustee pursuant to Section 8.13(a) of the Indenture which the Trustee shall make deposits in and withdrawals from in accordance with the Indenture.

Policy Account means the Class G-1 Policy Account or the Class G-2 Policy Account, as the case may be.

Policy Account. The account established and maintained pursuant to Section 4.07.

Policy Account. The trust account or accounts created and maintained by the Trustee pursuant to Section 4.05 hereof in the name of the Trustee for the benefit of the Class 1-A and Class 2-A-1B Certificateholders and designated “Class 1-A and Class 2-A-1B Policy Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered Certificateholders of HarborView Mortgage Loan Trust 2005-9, Mortgage Loan Pass-Through Certificates, Series 2005-9, Class 1-A and Class 2-A-1B Certificates.”