MODIFICATION OF RESERVE BASIS. If the REINSURED shall modify the basis used in computing its reserve liability with respect to the portion of any policy reinsured hereunder after the effective date of this Agreement, reinsurance amounts paid to the REINSURER under this section in the year of the modification shall be adjusted by adding any increase or deducting any decrease in reserves due to such modification.
Appears in 4 contracts
Samples: Modified Coinsurance Agreement (Separate Account Vul-2 of the American Franklin Life Ins Co), Modified Coinsurance Agreement (Separate Account Vul-2 of the American Franklin Life Ins Co), Agreement (Separate Account Vul-2 of the American Franklin Life Ins Co)
