Common use of Nonunitized Separate Account Clause in Contracts

Nonunitized Separate Account. The Nonunitized Separate Account is established under Title 38a, Section 38a-433 of the Connecticut General Statutes and is subject to New York insurance law. There are no discrete units for this account. We own the assets held in the Nonunitized Separate Account; we are not a trustee of those assets. The Contract Holder or Participant does not participate in the investment gain or loss from assets held in the Nonunitized Separate Account. Such gain or loss is borne entirely by us. Income, gains or losses, realized or unrealized, are credited to or charged against the Nonunitized Separate Account without regard to our other income, gains or losses. Nonunitized Separate Account assets, to the extent of reserves and other Contract liabilities, cannot be charged with liabilities arising out of any other business we conduct.

Nonunitized Separate Account. The Nonunitized Separate Account is established under Title 38a, Section 38a-433 of the Connecticut General Statutes and is subject to New York insurance lawStatutes. There are no discrete units for this account. We own the assets held in the Nonunitized Separate Account; we are not a trustee of those assets. The Contract Holder or Participant does not participate in the investment gain or loss from assets held in the Nonunitized Separate Account. Such We assume any such gain or loss is borne entirely by usloss. Income, gains or losses, realized or unrealizedunrexxxxxx, are credited to or charged against the Nonunitized Separate Account without regard to our other income, gains or losses. Nonunitized Separate Account assets, to the extent of reserves and other Contract liabilities, cannot be charged with liabilities arising out of any other business we conduct.

Nonunitized Separate Account. The Nonunitized Separate Account is established under Title 38a, Section 38a-433 of the Connecticut General Statutes and is subject to New York insurance lawStatutes. There are no discrete units for this account. We own the assets held in the Nonunitized Separate Account; we are not a trustee of those assets. The Contract Holder or Participant does not participate in the investment gain or loss from assets held in the Nonunitized Separate Account. Such We assume any such gain or loss is borne entirely by usloss. IncomeXxxxxx, gains or losses, realized or unrealized, are credited to or charged against the Nonunitized Separate Account without regard to our other income, gains or losses. Nonunitized Separate Account assets, to the extent of reserves and other Contract liabilities, cannot be charged with liabilities arising out of any other business we conduct.