Coinsurance Reserve. The Coinsurance Reserve is equal to the net of (i) minus (ii), where:
(i) equals the product of [(a) times (b)] plus (c), where:
(a) equals the quota share percentage of the Annuities as described in Schedule A;
(b) equals the Gross Statutory Reserve, as defined in Paragraph 3 below; and
(c) equals the Interest Maintenance Reserve, as defined in Paragraph 4 below; and
(ii) equals the Modified Coinsurance Reserve, as defined in Paragraph 2 below.
Coinsurance Reserve. The Coinsurance Reserve is equal to the statutory reserve credit taken for reinsurance by the Ceding Company, as calculated in accordance with statutory accounting practices prescribed or permitted by the Insurance Commissioner of the State of Iowa.
Coinsurance Reserve. The Coinsurance Reserve at all times is equal to the Reinsurer’s share of (a) minus (b) plus (c), where [REDACTED]. The Ceding Company may perform routine maintenance, including making revisions, corrections of errors, and other refinements to models and assumptions used to calculate reserves to meet the requirements of AG 43 or other applicable laws and regulations. The Coinsurance Reserve shall be calculated utilizing the same actuarial assumptions as are used by the Ceding Company for its [REDACTED]statutory reporting for the Base Annuities and Riders.
Coinsurance Reserve. The initial coinsurance reserve shall be equal to $3,400,000. Subsequently, the Coinsurance Reserve shall be equal to the difference between the Statutory Reserve and the Modified Coinsurance Reserve. The Company shall take a reserve credit, in accordance with applicable state statutes, for the portion hereunder of this Agreement that is on a coinsurance basis and the Reinsurer shall establish such amount on its books and records as its minimum reserve liability on the portion of the policies reinsured hereunder.
Coinsurance Reserve. The Coinsurance Reserves will be based on the Nebraska statutory reserve requirement, for benefits reinsured hereunder, in effect as of the beginning of the applicable Accounting period. The Coinsurance Reserve at all times is equal to the Reinsurer’s share of (a) minus (b), where (a) is the Ceding Company’s Gross-of-Reinsurance statutory reserve for the Base Annuities including all riders; and (b) is the Ceding Company’s Net-of-Reinsurance statutory reserve for the Base Annuities including all riders. For each calculation of (a) and (b) above for contracts where the Contract Value is greater than zero, the respective reserve amount shall equal the greater of (i) or (ii), where:
(i) equals the Conditional Tail Expectation at 70th percentile (CTE 70) of the Present Values of the Greatest Accumulated Deficiency (PV GAD), as defined in NAIC Actuarial Guideline 43; and
(ii) equals the Standard Scenario Amount (SSA), as defined in NAIC Actuarial Guideline 43. 26 of 88 For each calculation of (a) and (b) above for contracts still covered under Claims set forth in Article III of this agreement where either the Contract Value has been reduced to zero or the contract has annuitized at the Maximum Annuitization Date, the reserve is as prescribed by the Nebraska statutory Valuation Law for payout annuities adjusted for any remaining proxy Contract Value if applicable under the Maximum Annuitization Date provision. 27 of 88
Coinsurance Reserve. The statutory reserves reinsured hereunder will be based on the statutory reserve requirement for such guarantees in effect as of the beginning of the applicable Accounting Period. The statutory reserves at the onset shall be the sum of (a) and (b) where (a) is the reserves required to be held for any MAW Annuity as prescribed by the Standard Valuation Law; and (b) is the reserves required to be held for the Guaranteed Lifetime Withdrawal Benefit Riders which have not entered the Lifetime Annuity Period, based upon NAIC Actuarial Guideline 43, equaling the greater of (i) or (ii) where:
(i) equals the Conditional Tail Expectation at 70th percentile (CTE 70) of the Present Values of the Greatest Accumulated Deficiency (PV GAD), as defined in NAIC Actuarial Guideline 43; and
(ii) equals the Standard Scenario Amount (SSA), as defined in NAIC Actuarial Guideline 43.
Coinsurance Reserve. The coinsurance reserve shall be an amount equal to the product of the coinsurance percentage as calculated for the then current accounting period, multiplied by the gross statutory reserves as of the end of the then current accounting period on the portion of the policies reinsured hereunder. The coinsurance percentage shall be equal to 100% minus the mod-co percentage as defined in 5.01(b), above. The Company shall take a reserve credit, in accordance with applicable state statutes, for the portion hereunder of this Agreement that is on a coinsurance basis.
Coinsurance Reserve. The Coinsurance Reserve to be held by the Reinsurer shall be an amount equal to (i) the reserves in respect of the Risks Reinsured, determined in accordance with New York SAP, less (ii) the Required Funds Withheld Amount.
Coinsurance Reserve. The coinsurance reserve (the "Coinsurance Reserve") shall be the Quota Share Percentage multiplied by the result of (i) minus (ii) minus (iii), where:
(i) Equals the NAIC Statutory Reserve held by the Ceding Company with respect to any Guaranteed Benefits; and
(ii) Equals the Tax Reserves held at the end of the Accounting Period for Guaranteed Benefits; and
(iii) Equals the excess, if any, of the Deferred Gains at the end of the Accounting Period less the Deferred Gains existing on the Settlement Date.
Coinsurance Reserve. The Coinsurance Reserve held by the Reinsurer is set equal to the sum, over all policies subject to this Agreement, of the statutory reserve associated with the Risks Reinsured for each policy, calculated in accordance with New York law.
