Draws on the Security. In the event the Ceding Company or its successors in interest draw upon the letter of credit or trust, the Reinsurer shall immediately be entitled to proportionately reduce its share of the statutory reserve associated with the Annuities.
Appears in 7 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement (WRL Series Annuity Account), Reinsurance Agreement (Separate Account Va B)
