Common use of CREDIT FOR RESERVES Clause in Contracts

CREDIT FOR RESERVES. The parties intend that the CEDING COMPANY will receive statutory reserve credit in its state of domicile for reinsurance provided under this AGREEMENT. The parties agree to use reasonable efforts to ensure that such reserve credit will remain available to the CEDING COMPANY.

Appears in 4 contracts

Samples: Automatic and Facultative Yearly Renewable Term Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Automatic and Facultative Yearly Renewable Term Agreement (Pacific Select Exec Separate Acct Pacific Life Ins), Automatic and Facultative Yearly Renewable Term Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.