Actuarial including the provision of an actuary’s assistance in any matter requiring such expertise; assistance in the development of company plans such as business plans and projections; assistance in financial reporting; assistance in structuring transactions and modeling pricing assumptions; and provision of other actuarial functions such as experience studies, assumption setting, modeling, valuation, product development, pricing, rate setting, as well as regulatory roles such as appointed actuary and illustration actuary. These services will be provided by PNX.
Actuarial. C&F shall provide actuarial support for (i) establishing reserves and (ii) business planning purposes. On or before 60 days from end of each calendar quarter, C&F shall provide actuarial analysis of C&F Policies by annual statement line of business. C&F shall provide actuarial assistance to Hawaii in establishing rates for C&F Policies.
Actuarial. 1. Determination of statutory reserves on a quarterly basis for the Policies.
2. Determination of tax reserves quarterly in accordance with factors determined by the Reinsurer. On an annual basis, the Company will provide the required reserve reporting with appropriate reserve schedules summarized for tax returns.
3. Preparation of the agreed upon annual statement schedules in annual statement format (for the information to which the Company has access).
4. General support of Policyholder administration.
Actuarial. Under the general supervision of the Board of Directors of AILIC, AAG shall provide all actuarial services needed in connection with AILIC's business including policy design and development and reserve valuation.
Actuarial a. Actuaries of AEL will perform all actuarial testing and analysis necessary with respect to the products of Eagle.
b. Actuaries of AEL will perform all actuarial testing and analysis necessary with respect to reserves, asset liability matching, amortization of deferred acquisition costs and other financial issues.
c. Only actuaries who are officers of Eagle will provide certifications required by applicable law or regulation with respect to the business of Eagle.
Actuarial. Under the general supervision of the Board of Directors of GALIC OF NY, AAG shall provide all actuarial services needed in connection with GALIC OF NY's business including policy design and development and reserve valuation.
Actuarial a) Providing guidance to the Company with respect to any material changes in the reserve basis or reserve methodology for the Covered Insurance Policies. Sch. A-10 Separate Account Administrative Fee As compensation for Administrator's performance hereunder of services in respect of the Shared Separate Account for the first year after the Inception Date, the Company shall pay to Administrator a monthly fee equal to $25,500.00 (the "Monthly Separate Account Administrative Fee"). As of January 1 of each subsequent year, the Administrator shall calculate the aggregate annual expense of the Administrator and its Affiliates in connection with administration of Variable Universal Life separate accounts in existence at the Inception Date (the "Aggregate VUL Separate Accounts"). The Administrator shall also calculate a percentage equal to the ratio of the assets held in the Shared Separate Account in respect of the Company Business to all assets held in the Aggregate VUL Separate Accounts, as of January 1 of the applicable year. Subject to the succeeding paragraph, the Monthly Separate Account Administrative Fee for such year shall be one twelfth (1/12) of such percentage of such aggregate annual expense. In the event that the services provided by the Administrator hereunder with respect to the Shared Separate Account are modified, increased or reduced due to changes in applicable Law or otherwise in accordance with the terms hereof, including changes or additions to Fund options, the Monthly Separate Account Administrative Fee shall be equitably increased or decreased, as applicable, to reflect any additional or reduced costs borne by the Administrator in providing such modified, reduced or additional services. Any costs associated with the implementation of such modified, reduced or additional services, will be borne by the requesting party. To the extent that such requested changes reduce the overall administrative costs, the parties will negotiate in good faith on how to share the reduction in such costs. Notwithstanding anything contained in this Agreement to the contrary, the Administrator has the right to refuse changes to its services provided hereunder that increase the Administrator's operational risk, other than risk that is immaterial to the administration of the Shared Separate Account. Within fifteen (15) days following the end of each month during the term of this Agreement, Administrator shall provide the Company with an invoice, which shall set fo...
Actuarial. All actuarial aspects including new product pricing and development; preparation and monitoring of all management reports and statistics; actual to budget performances for all product pricing assumptions, including mortality and morbidity experience; persistency experience; investment performance and expense assumptions. Market intelligence and monitoring of competitor products and performance. Incumbent is required to provide annual Valuation Report to the Board of Directors.
Actuarial. 9.1 The Data Room contains all actuarial reports by external actuaries with respect to the Syndicates and/or Syndicate 6130 commissioned by CSL within the three year period ending on the date of this Agreement.
9.2 CSL complies in all material respects with generally accepted actuarial standards and professional guidance when completing its actuarial and reserving calculations.
Actuarial. Calculating incurred but not reported losses (IBNR) reserves and cooperating with AXA RE in establishing or revising reserves, including after scheduled periodic review; making or evaluating commutation proposals. The Canada branch of PARIS RE will provide the appointed actuary and Chief Agent to the Canada branch of AXA RE.
