Third Party Actuary definition

Third Party Actuary means an independent actuarial firm that is independent and impartial and mutually acceptable to the Ceding Company and the Reinsurer.

Third Party Actuary shall have the meaning set forth in Section 3.02(d) hereof.

Third Party Actuary means a nationally recognized accounting or actuarial firm mutually agreed upon by the Parties hereto; provided, that if the Parties are unable to mutually agree, they shall jointly request the President of the Society of Actuaries to appoint, within 10 Business Days from the date of such request, a nationally recognized accounting or actuarial firm with actuarial expertise independent of both the Ceding Company and the Reinsurer and their respective Affiliates to serve as the Third Party Actuary.

Examples of Third Party Actuary in a sentence

• Royal London considers, acting reasonably and in good faith, that the capital requirement under the RL DAC Capital Management Framework is not a reasonable measure of the capital requirement in respect of the Policies that are to be transferred from the German Bond Sub-Fund to the RL DAC Open Fund pursuant to paragraph 36.6, the matter shall be referred to the Third Party Actuary for determination in accordance with Schedule 7.

• The GBSF Collapse Amount shall be determined on such basis as may be agreed between Royal London and RL DAC (or, in the absence of such agreement, shall be referred to the Third Party Actuary for determination in accordance with Schedule 7).

• The fees of the Valuation Expert, Third Party Accountant or Third Party Actuary shall be borne equally by the parties.

• The findings, determinations, reports or certificates of the Third Party Actuary may be disclosed to a Relevant Regulator, if required by this Scheme or by Regulatory Requirements.

• The Royal London Board and RL DAC Board shall determine and agree the RL DAC Proportion within 120 Business Days of the determination of the Fund Split Amount (or within such other period as may be agreed in writing by Royal London and RL DAC, each acting reasonably and in good faith), and, if they are unable to agree within such period, the matter shall be referred to the Third Party Actuary for determination in accordance with Schedule 7.

More Definitions of Third Party Actuary

Third Party Actuary shall have the meaning set forth in Section 6.01(j)(iv).

Third Party Actuary means Xxxxxxxx, Inc.

Third Party Actuary means Milliman; provided if Milliman refuses or is otherwise not available to act in such capacity, the Third Party Actuary means a nationally recognized independent actuarial firm mutually agreed upon by the parties hereto; provided, that if the parties are unable to mutually agree on an actuarial firm within ten (10) Business Days from the date on which Milliman shall have provided the parties with notice of such refusal or unavailability, the parties hereto shall jointly request the President of the Society of Actuaries to appoint, within ten (10) Business Days from the date of such request, a nationally recognized actuarial firm independent of the Company, the Direct Insurer and the Reinsurer and their respective Affiliates to serve as the Third Party Actuary.

Third Party Actuary has the meaning set out in Section 9.4(g);

Third Party Actuary shall have the meaning set forth in Section 3.02(d) hereof. “Trigger Date” means the last day of the time period specified in Section 5.20(c) of the Acquisition Agreement in the event that the Reinsurer is required to take any of the actions specified in Sections 5.20(a)(i), (ii) and (iii) thereof during such time period and fails to take any such actions. “Umpire” shall have the meaning set forth in Article XIII.

Third Party Actuary shall have the meaning specified in the Reinsurance Agreement.

Third Party Actuary means an independent actuarial firm which is mutually acceptable to the Grantor and the Beneficiary, or, if the Grantor and the Beneficiary cannot agree on such an actuarial firm, an independent actuarial firm selected by the parties’ respective independent auditors.