Adjustment of Security and Withdrawals. (a) No later than thirty (30) days following the end of each calendar quarter (the “Security Reporting Date”), the Reinsurer shall furnish a report to the Ceding Company setting forth (x) the Required Balance as of the end of such calendar quarter calculated by the Reinsurer as Administrator and (y) the Statutory Book Value of Eligible Assets as of the end of such calendar quarter (the “Security Funding Report”). The amount of security held in the Trust Account shall be adjusted as follows: (i) In the Absence of a Triggering
Appears in 3 contracts
Samples: Reinsurance Agreement (VARIABLE ANNUITY ACCOUNT B OF VOYA RETIREMENT INSURANCE & ANNUITY Co), Reinsurance Agreement (Select Life Variable Account), Reinsurance Agreement (Select Life Variable Account)
