Asset Liability Matching. The Company shall attempt to maintain the weighted-average duration of the Assets within 0.25 years of the targeted asset benchmark duration set by Company. Nevertheless, the normal operation of Company’s asset liability management function may disclose an asset/liability duration mismatch of more than 0.25 years. Should this occur, the Company shall consult with the Reinsurer to determine the best course of action to employ in reducing or removing the mismatch.
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Samples: Reinsurance Agreement (Separate Account Va U), Reinsurance Agreement (WRL Series Annuity Account), Reinsurance Agreement (Separate Account VA AA)
Asset Liability Matching. The Company shall attempt to maintain the weighted-average duration of the Assets within 0.25 years of the targeted asset benchmark duration set by Company. NeverthelessNonetheless, during the normal course of operation, the normal operation of Company’s asset #115110 12 12/30/2008 asset-liability management function may disclose an discover that the asset/liability duration mismatch of more than 0.25 exceeds ±0.25 years. Should this occur, the Company shall consult with the Reinsurer to determine the best course of action to employ in reducing or removing the excess mismatch.
Appears in 2 contracts
Samples: Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Separate Account Va Q)
Asset Liability Matching. The Company shall attempt to maintain the weighted-average duration of the Assets within 0.25 years of the targeted asset benchmark duration set by Company. NeverthelessNonetheless, during the normal course of operation, the normal operation of Company’s asset asset-liability management function may disclose an discover that the asset/liability duration mismatch of more than 0.25 exceeds ±0.25 years. Should this occur, the Company shall consult with the Reinsurer to determine the best course of action to employ in reducing or removing the excess mismatch.
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