Third Party Actuary definition

Third Party Actuary means an independent actuarial firm that is independent and impartial and mutually acceptable to the Ceding Company and the Reinsurer.

Third Party Actuary means a nationally recognized accounting or actuarial firm mutually agreed upon by the parties hereto.

Third Party Actuary shall have the meaning set forth in Section 3.02(d) hereof.

Examples of Third Party Actuary in a sentence

• The Third Party Actuary shall act as an expert and not as an arbitrator; however, his or her decision shall be final and binding on the parties hereto, unless either party can demonstrate a manifest error on the part of the Third Party Actuary.

• The GBSF Collapse Amount shall be determined on such basis as may be agreed between Royal London and RL DAC (or, in the absence of such agreement, shall be referred to the Third Party Actuary for determination in accordance with Schedule 7).

• For the avoidance of doubt: 7.1 in determining the disagreement, dispute or relevant matter other than in relation to paragraph 31, the Third Party Actuary shall determine the calculation, amount or other matter disputed by Royal London and RL DAC; 7.2 in relation to the certificate to be issued by the Third Party Actuary pursuant to paragraph 31, the certificate to be issued by the Third Party Actuary shall have regard to the requirements of paragraph 31.9.2.

• Royal London considers, acting reasonably and in good faith, that the capital requirement under the RL DAC Capital Management Framework is not a reasonable measure of the capital requirement in respect of the Policies that are to be transferred from the German Bond Sub-Fund to the RL DAC Open Fund pursuant to paragraph 36.6, the matter shall be referred to the Third Party Actuary for determination in accordance with Schedule 7.

• The findings, determinations, reports or certificates of the Third Party Actuary may be disclosed to a Relevant Regulator, if required by this Scheme or by Regulatory Requirements.

More Definitions of Third Party Actuary

Third Party Actuary shall have the meaning set forth in Section 6.01(j)(iv).

Third Party Actuary means Milliman; provided if Milliman refuses or is otherwise not available to act in such capacity, the Third Party Actuary means a nationally recognized independent actuarial firm mutually agreed upon by the parties hereto; provided, that if the parties are unable to mutually agree on an actuarial firm within ten (10) Business Days from the date on which Milliman shall have provided the parties with notice of such refusal or unavailability, the parties hereto shall jointly request the President of the Society of Actuaries to appoint, within ten (10) Business Days from the date of such request, a nationally recognized actuarial firm independent of the Company, the Direct Insurer and the Reinsurer and their respective Affiliates to serve as the Third Party Actuary.

Third Party Actuary means Xxxxxxxx, Inc.

Third Party Actuary shall have the meaning set forth in Section 2.11(d)(xi).

Third Party Actuary has the meaning set out in Section 9.4(g);

Third Party Actuary means the actuary appointed pursuant to Schedule 7

Third Party Actuary means an independent actuarial firm which is mutually acceptable to the Grantor and the Beneficiary, or, if the Grantor and the Beneficiary cannot agree on such an actuarial firm, an independent actuarial firm selected by the parties’ respective independent auditors.