Common use of Policy Account Clause in Contracts

Policy Account. For each Policy, (i) an amount equal to the account value thereof invested on a variable basis shall be held by the Company in the Registered Separate Accounts and (ii) an amount equal to the account value thereof invested on a non-variable basis shall be held by the Company in the Unregistered Separate Account or transferred to the Company's General Account, in each case as required by the relevant Policy and Applicable Law, and consistent with the practices, policies and procedures of the Company as of the Effective Time. For the avoidance of doubt, in the event that any Policy or any Applicable Law is deemed to require the transfer of additional assets to the Unregistered Separate Account at any time, Reinsurer shall be responsible for transferring its assets to the Unregistered Separate Account to satisfy such requirement.