Common use of Amount of Security Clause in Contracts

Amount of Security. The Ceding Company will provide the Reinsurer with a quarterly statement showing the Reinsurer’s Quota Share Percentage of the statutory liabilities associated with the Annuities. The Reinsurer shall ensure that the total amount of security provided under this Agreement equals or exceeds the amount of reinsurance credit taken by the Ceding Company under this Agreement.

Appears in 4 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement (WRL Series Annuity Account), Reinsurance Agreement (Separate Account Va B)

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