Accounting Period MODCO Reserve Adjustment. At the end of each Quarterly Accounting Period, the Company shall compute an amount equal to the absolute value of the increase or decrease in the Separate Account Reserves due to subaccount investment performance for the Quarterly Accounting Period just ended (the “Quarterly Accounting Period MODCO Adjustment”). The Quarterly Accounting Period MODCO Adjustment for each Quarterly Accounting Period shall be reflected in the Quarterly Settlement Report for such Quarterly Accounting Period.
Appears in 3 contracts
Samples: Reinsurance Agreement (Genworth Financial Inc), Reinsurance Agreement (Ge Life & Annuity Assurance Co), Reinsurance Agreement (Genworth Financial Inc)
Accounting Period MODCO Reserve Adjustment. At the end of each Quarterly Accounting Period, the Company shall compute an amount equal to the absolute value of the increase or decrease in the Separate Account Reserves due to subaccount investment performance for the Quarterly Accounting Period just ended (the “"Quarterly Accounting Period MODCO Adjustment”"). The Quarterly Accounting Period MODCO Adjustment for each Quarterly Accounting Period shall be reflected in the Quarterly Settlement Report for such Quarterly Accounting Period.
Appears in 2 contracts
Samples: Reinsurance Agreement (Ge Capital Life Separate Account Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Iv)
