Internal Cost Sharing Arrangement Sample Clauses

Internal Cost Sharing Arrangement. Subject to the receipt of CID approval or non- disapproval, the Domestic Insurers may revise the existing administrative agreement among TL and certain of its affiliates from being strictly at cost to one that is a “cost plus” model (i.e., cost + up to 15%) as dictated by IRS rulings. Exhibit G Three-Year Statutory Financial Projections for each of the Domestic Insurers Please see attached. Financial Projection Assumptions1 ◼ Financial projections reflect the following key transaction assumptions 🟏 $500M dividend at closing paid to the existing owners2 �� Continuation of existing in-place hedging program The Applicants expect that the Domestic Insurer’s capital will be deployed into one or more reinsurance treaties or acquisitions following the completion of the Proposed Transaction. However, due to inherent uncertainties with projecting specific details concerning such potential transactions, these financial projections do not reflect the impact of any such potential transactions. ◼ Capital management 🟏 Assumes that the Domestic Insurer will pay dividends each year, in an amount equal to the greater of (i) 10% of its surplus as of December 31 last preceding, or (ii) its net gain from operations for the 12-month period ending on the December 31 last preceding. 🟏 Assumes that any dividends in the first two years will be subject to specific regulatory approval by the Connecticut Insurance Department ◼ Capital Markets 🟏 [●]% SPX / Separate Account equity growth per annum 1 [Note to Draft: These will be separate for each individual CT domestic insurer and attached to the projections for each. If there are differences in assumptions among insurers, that will be reflected.] 2 [Drafting Note: This sentence will appear only in the TL financial projections assumptions page.] 263979417v.1 🟏 Interest rates follow forward curve as of [●] These financial projections do not reflect the impact of the actions described in Annex A to the Plan of Operations. . Income Statement Consolidated TLA TL Income Statement 2021 2022 2023 2021 2022 2023 2021 2022 2023 Fees 601 541 487 416 372 334 185 168 154 Net Investment Income 564 527 534 217 208 214 348 320 319 Total Revenue 1,165 1,068 1,021 633 580 548 532 488 473 Benefits and Change in Reserves, Net (539) (511) (489) (245) (233) (219) (294) (277) (270) Realized Hedging Gain / (Loss) (209) (187) (166) (139) (127) (111) (70) (60) (55) Expenses (285) (262) (248) (189) (175) (164) (96) (87) (84) Total Expense (1,034) (960) (90...
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Related to Internal Cost Sharing Arrangement

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  • BUSINESS CONTINUITY PLAN The Warrant Agent shall maintain plans for business continuity, disaster recovery, and backup capabilities and facilities designed to ensure the Warrant Agent’s continued performance of its obligations under this Agreement, including, without limitation, loss of production, loss of systems, loss of equipment, failure of carriers and the failure of the Warrant Agent’s or its supplier’s equipment, computer systems or business systems (“Business Continuity Plan”). Such Business Continuity Plan shall include, but shall not be limited to, testing, accountability and corrective actions designed to be promptly implemented, if necessary. In addition, in the event that the Warrant Agent has knowledge of an incident affecting the integrity or availability of such Business Continuity Plan, then the Warrant Agent shall, as promptly as practicable, but no later than twenty-four (24) hours (or sooner to the extent required by applicable law or regulation) after the Warrant Agent becomes aware of such incident, notify the Company in writing of such incident and provide the Company with updates, as deemed appropriate by the Warrant Agent under the circumstances, with respect to the status of all related remediation efforts in connection with such incident. The Warrant Agent represents that, as of the date of this Agreement, such Business Continuity Plan is active and functioning normally in all material respects.

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