TOLIC definition

TOLIC shall have the meaning set forth in the first paragraph of this Agreement.
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Examples of TOLIC in a sentence

  • IT IS HEREBY AGREED that TOLIC, through its separate account, Transamerica Occidental Life Separate Account VUL-5; AUSA Life through its separate account, AUSA Series Annuity Account; AUSA Life through its separate account, AUSA Series Life Account; and TALIAC, through its Transamerica Life Insurance and Annuity Company Separate Account Designated as VA-8, will purchase and redeem shares issued by AEGON/Transamerica Series Fund, Inc., subject to the terms and conditions of the Participation Agreement.

  • TALIAC has, by resolution of its Board of Directors, established the Transamerica Life Insurance and Annuity Company Separate Account Designated as VA-8, a separate account for purpose of selling variable annuity contracts; AUSA Life has established the AUSA Series Annuity Account, a separate account for purpose of selling variable annuity contracts; and TOLIC has established the Transamerica Occidental Life Separate Account VUL-5, a separate account for purpose of selling variable life insurance policies.

  • Either PRUCO or TOLIC becomes subject to an order to rehabilitate or an order to liquidate as defined by the insurance code of the jurisdiction of the domicile of PRUCO or TOLIC, as the case may be.

  • Single Life Excess Treaty -- Effective 11/01/2002 Between HLAIC and TOLIC Amendment #14 -- Effective 05/1/2008 SCHEDULE A PLANS COVERED UNDER THIS AGREEMENT EFFECTIVE MAY 1, 2008 Maturity Date Extension Rider: When the policyholder reaches the maturity date and has elected this rider, the death benefit is dropped to the account value, no more monthly deductions are taken, interest is credited, no further premiums are accepted, policy loans continue to accrue interest, and all other riders are terminated.

  • In the event TOLIC is deemed insolvent, TOLIC will be bound by any legal directions imposed by its liquidator, conservator, or statutory successor.

  • However, and if not in conflict with such legal directions, PRUCO shall have the right to cancel this Agreement with respect to occurrences taking place on or after the date TOLIC first evidences insolvency.

  • TOLIC's liability under PRUCO's conditional receipt or temporary insurance agreement will be limited to the portion of $1,000,000 that is derived as the amount of capacity reserved by PRUCO from TOLIC divided by the total amount of capacity reserved by PRUCO from all reinsurers.

  • Single Life 12/01/2002 -- Amendment 10 Between HLAIC and TOLIC 1 In witness of the foregoing, Ceding Company and Reinsurer have, by their respective officers, hereby executed this Amendment in duplicate on the dates indicated below, with an effective date of November 1, 2005.

  • TOLIC’s liability under PRUCO’s conditional receipt or temporary insurance agreement will be limited to the portion of $1,000,000 that is derived as the amount of capacity reserved by PRUCO from TOLIC divided by the total amount of capacity reserved by PRUCO from all reinsurers.

  • In the event of significant changes in underwriting practices in the industry, it may be appropriate for PRUCO or TOLIC to request of the other party changes in the underwriting requirements.

Related to TOLIC

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