Common use of Actuarial Services Clause in Contracts

Actuarial Services. The Service Provider shall provide the Company with the following actuarial services: (a) Experience analysis (loss ratios, persistency, mortality, and special studies), if any, required by Applicable Law (including legally required reporting); (b) Calculation of all actuarial reserves and liabilities and other actuarial items necessary to prepare SAP and GAAP financial statements and supporting exhibits and Tax filings and schedules, with both: (i) segregation of policy activity into general ledger accounts to track the necessary premium, claim, commissions, policy benefits, etc. by product line as defined by the applicable statutory annual statements, and (ii) certifications of policyholder in force data and reserves as required for valuation purposes; (c) Determination of rate changes; (d) Calculation of Tax reserves under CARVM or CRVM, as applicable, meeting the requirements of Section 807(d) of the Code; (e) Preparation of all information and/or certifications necessary for actuarial opinions, memoranda and/or certifications for annual and quarterly statements; (f) Maintenance of product files on system; (g) Ongoing support, as necessary, to compliance function; (h) Providing responses to state regulators as required; (i) Providing miscellaneous support to policyholder service; and (j) Providing the information and/or certifications necessary for the formal actuarial opinions and related reports required by the NAIC Annual Statement blank and other state requirements, the Securities and Exchange Commission (the "SEC"), the NASD, any other regulatory authorities, and external auditors.

Actuarial Services. The Service Provider shall provide the Company FAFLIC with the following actuarial services: (a) Experience analysis (loss ratios, persistency, mortality, and special studies), if any, required by Applicable Law (including legally required reporting); (b) Calculation of all actuarial reserves and liabilities and other actuarial items necessary to prepare SAP and GAAP financial statements and supporting exhibits and Tax filings and schedules, and in the case of GAAP financial statements, information available to the Service Provider and necessary for FAFLIC to make such calculations, with both: (i) segregation of policy activity into general ledger accounts to track the necessary premium, claim, commissions, policy benefits, etc. by product line as defined by the applicable statutory annual statements, and (ii) certifications of policyholder in force data and reserves as required for valuation purposes; (c) Determination of rate changes; (d) Calculation of Tax reserves meeting the requirements of Section 807 of the Code, including, without limitation, under CARVM or CRVM, as applicable, meeting the requirements of Section 807(d) of the Code; (e) Preparation of all information and/or certifications necessary for actuarial opinions, memoranda and/or certifications for annual and quarterly statements; (f) Maintenance of product files on system; (g) Ongoing support, as necessaryreasonable, to compliance function; (hf) Providing responses to state regulators as requiredrequired to the extent specified herein; (ig) Providing miscellaneous support to policyholder service; and (jh) Providing the information information, as specified by FAFLIC and available to the Service Provider, and/or certifications necessary for the formal actuarial opinions and related reports required by the NAIC Annual Statement blank and other state requirements, the Securities and Exchange Commission (the "SEC"), the NASD, any other regulatory authorities, and external auditors.