Modified Coinsurance Adjustment. The “Modified Coinsurance Adjustment” shall be calculated for each Accounting Period as [(1) – (2)], where: (1) equals the Investment Credit on Modified Coinsurance Assets for the Accounting Period; and (2) equals the change in the Modified Coinsurance Reserve for the Accounting Period (where the change equals the Modified Coinsurance Reserve at the end of the Accounting Period minus the Modified Coinsurance Reserve at the beginning of the Accounting Period).
Appears in 26 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven)
