Hedge Effectiveness Testing and Reporting Sample Clauses

Hedge Effectiveness Testing and Reporting. The BU ALC, IIM Risk Management and other Reporting Groups will conduct Hedge Effectiveness Tests as directed by the US Risk Committee, monitor for compliance against applicable Hedge Effectiveness Parameters, and send a summary of their findings to the Company’s Appointed Actuary (or his/her designee) and to the US Risk Committee (“Hedge Effectiveness Reports”) no less frequently than quarterly. The Appointed Actuary (or his/her designee) shall review the Hedge Effectiveness Reports and submit a compliance statement to the US Risk Committee to the Board of Directors that addresses, among other things, compliance with the Hedge Effectiveness Tests.