Maintenance of Reserves. Reinsurer shall maintain General Account Reserves with respect to the Reinsured Contracts determined in accordance with generally accepted actuarial standards and all applicable Laws, rules and requirements for the filing of the Company's statutory financial reports in the Company's state of domicile. All such General Account Reserves will be accounted for by the Company as ceded reinsurance and by Reinsurer as coinsured reinsurance.
Appears in 4 contracts
Samples: Reinsurance Agreement (Separate Account a of Union Security Life Ins Co of New York), Reinsurance Agreement (Variable Account D of Union Security Insurance Co), Reinsurance Agreement (Separate Account a of First Fortis Life Ins Co)
