Common use of New Purchases Clause in Contracts

New Purchases. Although every effort will be made to remain within the quality, diversification, and other standards outlined below in this Schedule I, it is understood that this may not be possible for small asset portfolios. Nevertheless, at no time while the Segregated Portfolio is at least $250 million in statutory admitted asset value will purchases be made that will allow the Segregated Portfolio to diverge from the standards outlined below without the consent of the Reinsurer.

Appears in 4 contracts

Samples: Reinsurance Agreement (Separate Account Va C), Reinsurance Agreement (Separate Account Va-2l), Reinsurance Agreement (Separate Account Va B)

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