Common use of CARVM Allowance Clause in Contracts

CARVM Allowance. CARVM Allowance for purposes of this treaty is --------------- defined to be the difference between the ceded Policies Account Value and the base CARVM Reserves. The base CARVM reserve is the CARVM reserve calculated not considering the Minimum Guaranteed Death Benefit and any Guaranteed Living Benefit provision.

Appears in 13 contracts

Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co)

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CARVM Allowance. CARVM Allowance for purposes of this treaty is --------------- defined to be the difference between the ceded Policies Account Value and the base CARVM Reserves. The base CARVM reserve is the CARVM reserve calculated not considering the Minimum Guaranteed Death Benefit and any Guaranteed Living Benefit provision.

Appears in 1 contract

Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/)

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