Deficiency Reserves. No deficiency reserves will be held by the Reinsurer for the Reinsured Policies.
Deficiency Reserves. If deficiency reserves are required to be held by the Company on any policy reinsured under this Agreement, the entire amount of any such reserve will be established and held by the Company.
Deficiency Reserves. If YRT [No Deficiency Reserves will be held by the Reinsurer for the Reinsured policies.] If Coinsurance [The Reinsurer anticipates that it will use the Company's X Factors in calculating deficiency reserves. Such X factors and supporting actuarial certification and memorandum will be made available to the Reinsurer. The Company will promptly communicate any change in its mortality reserve assumptions to the Reinsurer. If the Company makes any change to its reserving methodology that results in differences in the level of reserves it must hold on statutory basis, then the Reinsurer reserves the the right to make changes to the reinsurance allowances under this Agreement. Should the Reinsurer calculate its own X Factors for the purpose of determining reserves on the Reinsured Policies and hold reserves based on such calculations, the rates and allowances under this Agreement will be unaffected.]
Deficiency Reserves. Lincoln shall participate in deficiency reserves generated (if any) under this Agreement. ARBITRATION SCHEDULE (Effective as of January 1, 2000) to Agreement Number 12 To initiate arbitration, either SAFECO or Lincoln agrees to notify the other party in writing of its desire to arbitrate, stating the nature of its dispute and the remedy sought. The party to which the notice is sent agrees to respond in writing to the notification, within ten (10) days of its receipt. The arbitration hearing shall be before a panel of three (3) arbitrators, each of whom must be a present or former officer of a life insurance company. An arbitrator may not be a present or former officer, attorney or consultant of SAFECO or Lincoln, or either’s affiliates. SAFECO and Lincoln agree to each name five (5) candidates to serve as an arbitrator. Each agree to choose one (1) candidate from the other’s list, and these two (2) candidates shall serve as the first two (2) arbitrators. If one (1) or more candidates so chosen decline to serve as an arbitrator, the party that named the candidate shall add an additional candidate to its list, and the other party agrees to again choose one (1) candidate from the list. This process shall continue until two (2) arbitrators have been chosen and have accepted. SAFECO and Lincoln agree to present their initial lists of five (5) candidates by written notification to the other party within twenty-five (25) days of the date of the mailing of the notification initiating the arbitration. Any subsequent additions to the list which shall be presented within ten (10) days of the date the naming party receives notice that a candidate who has been chosen declines to serve. The two (2) arbitrators shall select the third arbitrator from the eight (8) candidates remaining on the lists of SAFECO and Lincoln within fourteen (14) days of the acceptance of their positions as arbitrators. If the two (2) arbitrators cannot agree on the choice of a third, then this choice shall be referred back to SAFECO and Lincoln. SAFECO and Lincoln agree to take turns striking the names of the remaining candidates from the initial eight (8) candidates until only one (1) candidate remains. If the candidate so chosen shall decline to serve as the third arbitrator, the candidate whose name was stricken last shall be nominated as third arbitrator. This process shall continue until a candidate has been chosen and accepted. This candidate shall serve as the third arbitrator. The first...
Deficiency Reserves. The Company and the Reinsurer agree that the terms of this reinsurance have been determined on the mutual assumption that the Reinsurer will not be required to hold any amount of U.S. statutory deficiency reserve amounts by virtue of the assurances provided above. Should the Reinsurer at any time be required to establish or maintain any such deficiency reserve amounts by the insurance regulatory authority in its state of domicile, upon the Reinsurers written notice to the Company thereof, this agreement will be automatically modified and amended to delete the provision above.
Deficiency Reserves. The Company and the Reinsurer agree that the terms of this reinsurance have been determined on the mutual assumption that Reinsurer will not be required to hold any amount of U.S. "statutory deficiency reserves" for the business ceded hereunder by virtue of the assurances provided in Sections (1), (2), (3) and (4) above. Should this language prove insufficient and the Reinsurer is or may be required to establish or maintain any such deficiency reserve amounts for the business ceded hereunder by an insurance regulatory authority, upon the receipt of Reinsurer's written notice to the Company thereof, Paragraph A will be automatically amended to delete Section (2) above without any further formalities or actions. For purposes of clarity, this agreement is premised upon it not causing the Reinsurer to hold deficiency reserves. Should Section 2 of Paragraph A be deleted as provided above, the parties will make a good faith effort to revise Paragraph A of this article so that the Reinsurer will not be required to hold deficiency reserves while maintaining the spirit of the provision.
Deficiency Reserves. No Deficiency Reserves will be held by the Reinsurer for the Reinsured policies. Exhibit C-3 (Effective April 14, 2003)
Deficiency Reserves. Should the Ceding Company be required under the statutes or regulations of any State to establish a deficiency reserve on any policy reinsured hereunder, the entire amount of such a reserve, including that pertaining to the portion of the policy reinsured, will be established and held by the Ceding Company.
Deficiency Reserves. No Deficiency Reserves will be held by the Reinsurer for the Reinsured policies.
9. RECAPTURE: Reinsured Policies on an excess basis may be recaptured under the following situations provided the Reinsured Policies have been in force for the specified period: Increase in Company's Retention Inforce Period: 20 years Insolvency of Reinsurer Inforce Period: Not applicable
Deficiency Reserves. [REDACTED]
