Examples of Separate Account in a sentence
The Company: TRANSAMERICA LIFE INSURANCE COMPANY on behalf of itself and each Separate Account By: /s/ Xxxx Xxxxx Name: Xxxx Xxxxx Title: Vice President The Distributor: TRANSAMERICA CAPITAL, INC.
From and after the Effective Time, the Ceding Company shall retain and own all assets contained in the Separate Accounts and shall hold the Separate Account Reserves with respect to the Reinsured Contracts that are funded, in whole or in part, by one or more of the Separate Accounts and such Separate Account Reserves shall be reported by the Ceding Company on its Separate Account balance sheets, consistent with the Ceding Company Domiciliary State SAP.
For each Reinsured Contract that relates to the Separate Account Liabilities, the Reinsurer shall deposit, shall cause to be deposited, or shall transfer to the Ceding Company for deposit any additional amounts required to be deposited into the Separate Accounts after the Effective Time pursuant to the terms of the applicable Reinsured Contract, in each case, except to the extent that such amounts have been previously paid (or provided for) pursuant to the Net Settlement.
The Company: TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY on behalf of itself and each Separate Account By: /s/ Xxxx Xxxxx Name: Xxxx Xxxxx Title: Vice President The Distributor: TRANSAMERICA CAPITAL, INC.
Each Separate Account is a “segregated asset account” and interests in each Separate Account are offered exclusively through the purchase of or transfer into a “variable contract” within the meaning of such terms under Section 817 of the Tax Code and the regulations thereunder.