Separate Account Liabilities definition

Separate Account Liabilities means the liabilities or obligations arising under the express terms and conditions of the Policies and Post-Closing Policies, to the extent payable out of the Separate Accounts in accordance with the terms of the Policies and the Post-Closing Policies.

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Separate Account Liabilities has the meaning set forth in Section 2.10.

Separate Account Liabilities has the meaning set forth in the Indemnity Reinsurance Agreement.

Examples of Separate Account Liabilities in a sentence

• As of the Closing Date, the Parties will record on their respective books and records an initial modco reserve adjustment to the extent necessary to reflect the cession of the Separate Account Liabilities hereunder on a modified coinsurance basis.

• Notwithstanding anything contained in this Agreement to the contrary, for each of the Reinsured Contracts that relate to the Separate Account Liabilities, the amount invested on a variable basis in accordance with the terms of such Reinsured Contracts shall be held by the Ceding Company in the Separate Accounts, and Premiums with respect to such Reinsured Contracts shall be deposited in the Separate Accounts to the extent required to be deposited therein by the terms of such Reinsured Contracts.

• For the avoidance of doubt, Separate Account Liabilities include MVA Option Liabilities and exclude any Excluded Liabilities.

More Definitions of Separate Account Liabilities

Separate Account Liabilities means those liabilities that are payable from the assets of the Separate Accounts in respect of the LBL Contracts.

Separate Account Liabilities means those insurance liabilities that are reflected in the Separate Accounts and that relate to the Reinsured Contracts, including (i) amounts transferred from the Separate Accounts to the general account of the Company pending distribution to holders of the Reinsured Contracts, and (ii) amounts held in the general account of the Company pending transfer to the Separate Accounts.

Separate Account Liabilities means the Quota Share of all Liabilities arising out of or relating to the Covered Insurance Policies, whether incurred before, at or after the Effective Time, to the extent payable out of the Separate Accounts, but in all events excluding Excluded Liabilities.

Separate Account Liabilities means those liabilities that are payable from the assets of the Separate Account in respect of the Reinsured Polices but excluding any Excluded Liabilities.

Separate Account Liabilities means liabilities and obligations in respect of the Contracts that are allocated to the Separate Accounts.

Separate Account Liabilities has the meaning set forth in SECTION 2.2(b).

Separate Account Liabilities has the meaning given to such term in the Administrative Services Agreement.