Modified Coinsurance Reserve. The term "Modified Coinsurance Reserve," as used in this Agreement, means a quota share of the statutory reserve held by the Ceding Company with respect to that portion of the annuities reinsured hereunder. The statutory reserve will be determined by the then applicable Commissioners Annuity Reserve Valuation Method, excluding any reserve for the minimum guaranteed death benefit.
Appears in 2 contracts
Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Modified Coinsurance Reserve. The term "Modified Coinsurance Reserve," as used in this Agreement, means a quota share of the statutory reserve held by the Ceding Company with respect to that portion of the annuities reinsured hereunder. The statutory reserve will be determined by the then applicable Commissioners Annuity Reserve Valuation Method, excluding any reserve for the minimum guaranteed death benefit.
Appears in 2 contracts
Samples: Reinsurance Agreement (Nasl Variable Account), Reinsurance Agreement (Nasl Variable Account)
Modified Coinsurance Reserve. The term "Modified Coinsurance Reserve," ", as used in this Agreement, means a quota share of the statutory reserve held by the Ceding Company with respect to that portion of the annuities reinsured hereunder. The statutory reserve will be determined by the then applicable Commissioners Commisionners Annuity Reserve Valuation Method, excluding any reserve for the minimum guaranteed death benefit.
Appears in 1 contract
Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
