Interest Maintenance Reserve. The Ceding Company and the Reinsurer agree that the IMR shall be ceded to the Reinsurer and maintained in the Modco Account. The IMR shall be calculated by the Ceding Company.
Appears in 3 contracts
Samples: Modified Coinsurance Agreement (Athene Holding LTD), Modified Coinsurance Agreement (Athene Holding LTD), Modified Coinsurance Agreement (Athene Holding LTD)
Interest Maintenance Reserve. The Ceding Company and the Reinsurer agree that the Ceded IMR shall be ceded to the Reinsurer and maintained in the Modco Account. The IMR shall be calculated by the Ceding CompanyReinsurer.
Appears in 1 contract
Interest Maintenance Reserve. The Ceding Company and the Reinsurer agree that that, in addition to the Ceded Reserves, the applicable Quota Share of the IMR shall be ceded to the Reinsurer and maintained in the Modco Funds Withheld Account. The IMR shall be calculated by the Ceding Company.
Appears in 1 contract
Samples: Funds Withheld Coinsurance Agreement (National Western Life Group, Inc.)
Interest Maintenance Reserve. The Ceding Company and the Reinsurer agree that the IMR shall be ceded to the Reinsurer and maintained in the Modco AccountModCo Deposit and/or Funds Withheld Account (as the case may be). The IMR shall be calculated by the Ceding Company in good faith in accordance with Nebraska SAP and shall be consistent with the IMR reported on the Ceding Company’s most recent statutory financial statement.
Appears in 1 contract
Samples: Coinsurance and Modified Coinsurance Agreement (Midwest Holding Inc.)
