Reserve Basis. 1. The modified coinsurance reserve shall equal the sum of the general account statutory reserve, as defined in 2. below, and the interest maintenance reserve, as defined in 3. below.
Reserve Basis. Reinsurance Amount Reserve Life (Show table and flat extra separately) ________________ ________________ ________________ ________________ ________________ ________________ Life Subtotal ________________ ________________ Waiver of Premium ________________ ________________ ________________ ________________ ________________ ________________ W/P Subtotal ________________ ________________ Miscellaneous (by type: Pre and Post Term Conversion, etc.) ________________ ________________ Grand Total ________________
Reserve Basis. The Statutory Reserve will be calculated by the Reinsured according to the "Commissioner's Annuity Reserve Valuation Method" as prescribed in the Standard Valuation Law.
Reserve Basis. The Reinsurer will hold, and the Ceding Company will take credit for statutory reserves for the proportion of each policy reinsured on a ½ Cx basis using the prevailing statutory valuation mortality tables and statutory interest rate.
Reserve Basis. The Reinsurer will hold mortality risk reserves for its share of liability on each policy calculated on an unearned premium basis.
Reserve Basis. The reserve for owner's interest in the general account will be calculated by the Commissioner's Annuity Reserve Valuation Method, the Annuity 2000 Mortality Table, at an interest rate no greater than that allowed in the Standard Valuation Law of the state in which the contract is delivered. The reserve will equal or exceed the reserve required by the Standard Valuation Law.
Reserve Basis. The reserve for annuity income options in the general account will be calculated by the Commissioner's Annuity Reserve Valuation Method, the 1983 Table "a" Individual Annuity Mortality Table, and an interest rate no greater than that allowed in the Standard Valuation Law of the state in which the contract is delivered. The reserve will equal or exceed the reserve required by the Standard Valuation Law.
Reserve Basis. The reserve method and basis for this Contract are on file with the Insurance Department in Your state.
Reserve Basis. Reinsurer shall not hold reserves as Cedent will pay premiums on a calendar monthly basis. SCHEDULE B REINSURANCE PREMIUM RATES
