RESERVE ADJUSTMENT ALLOWANCE. The REINSURED shall provide an allowance to the REINSURER at the end of each accounting period to reflect the change in surrender charges, if any, used to calculate reserves on the portions of the policies reinsured hereunder. Such allowance shall be ceded to the REINSURER, but will continue to be settled on a cash basis.
Appears in 4 contracts
Samples: Modified Coinsurance Agreement (Separate Account Vul-2 of the American Franklin Life Ins Co), Reinsurance Assignment Agreement (Agl Separate Account Vul-2), Modified Coinsurance Agreement (Separate Account Vul-2 of the American Franklin Life Ins Co)
