Modified Coinsurance Reserve Adjustment. A. The Modified Coinsurance Reserve Adjustment will be computed each Accounting Period equal to (i) minus (ii) minus (iii), where:
Modified Coinsurance Reserve Adjustment. (Article VI)
Modified Coinsurance Reserve Adjustment a) The Modified Coinsurance Reserve Adjustment will be computed each Accounting Period equal to the result of i) minus ii) plus iii) minus iv) minus v) minus vi), where: i) equals the Modified Coinsurance Reserve, determined in accordance with Paragraph 2 below, at the end of the current Accounting Period; ii) equals a quota share of the amount transferred from the fixed account to the Variable Separate Accounts for the annuities reinsured hereunder during the current Accounting Period; iii) equals a quota share of the amount transferred from the Variable Separate Accounts to the fixed account for the annuities reinsured hereunder during the current Accounting Period; iv) equals the Modified Coinsurance Reserve, determined in accordance with Paragraph 2 below, at the end of the preceding Accounting Period; v) equals the Modified coinsurance Reserve Investment Credit, as described in Schedule C. vi) equals a quota share of the Living Benefits allocated to the Separate Account during the current Accounting Period for annuities reinsured hereunder that are inforce at the end of the Accounting Period. For the purposes of this adjustment, Living Benefits paid for annuities that are terminated during the Accounting Period are excluded. b) For any Accounting Period in which the amount computed in a) above is positive, the Reinsurer will pay the Ceding Company such amount. For any Accounting Period in which the amount computed in a) above is negative, the Ceding Company will pay the Reinsurer the absolute value of such amount.
Modified Coinsurance Reserve Adjustment. 1. MODIFIED COINSURANCE RESERVE ADJUSTMENT. The "Modified Coinsurance Reserve Adjustment" shall be computed each Accounting Period equal to (a) minus (b) minus (c), where:
Modified Coinsurance Reserve Adjustment. The reserve adjustment will be calculated as shown below for item G as follows : Increase in Mod-Co Reserve Payable by the Reinsurer to the Reinsured:
Modified Coinsurance Reserve Adjustment. The Modified Coinsurance Reserve Adjustment consists of the reserve adjustment for the variable account, fixed account and policy loan account. The reserve adjustment on the variable account will be calculated and paid monthly. The reserve adjustment on the fixed account and the policy loan account will be calculated and paid quarterly.
Modified Coinsurance Reserve Adjustment. The amount of the reserve adjustment associated with the Variable Account payable monthly by to NLV is determined according to the schedule below:
Modified Coinsurance Reserve Adjustment. (Article VI) a) Modified Coinsurance Reserve (end of current Accounting Period) b) Quota share of transfers from Fixed Account to Variable Separate Accounts during the current Accounting Period c) Quota share of transfers from Variable Separate Accounts to Fixed Account during the current Accounting Period d) Modified Coinsurance Reserve (end of preceding Accounting Period) e) Equals a) - b) + c) - d) f) Modified Coinsurance Reserve Investment Credit (Schedule C) Modified Coinsurance Reserve Adjustment = e) - f)
Modified Coinsurance Reserve Adjustment. The “Modified Coinsurance Reserve Adjustment” will be computed each Accounting Period by deducting (i) from (ii), where:
Modified Coinsurance Reserve Adjustment. At the end of each Accounting Period, the Reinsurer will pay to the Ceding Company a Modified Coinsurance Reserve Adjustment equal to A minus B minus C as defined below, and as reflected in Schedule C: A = the Reinsurer’s Quota Share of the separate account reserve at the end of the current Accounting Period B = the Reinsurer’s Quota Share of the separate account reserve at the end of the previous Accounting Period C = the Reinsurer’s Quota Share of the Investment Income earned on the separate account assets since the end of the previous Accounting Period, as defined in Schedule B ARTICLE V - BENEFIT PAYMENTS
