Reserve Adjustments Sample Clauses
Reserve Adjustments. 1. While this Agreement is in effect, no less frequently than quarterly a reserve adjustment, with respect to Policies under this Agreement, equal to (or the accounting equivalent of) the sum of Items (a) and (b) below, less the sum of Items (c) and (d) below.
(a) The reserve change from the end of the prior settlement period to the end of the current settlement period corresponding to the sum of the amounts on page 4, lines 10 (Increase in aggregate reserve for life and accident and health policies and contracts), 11 (Increase in reserve for variable dividend accumulations), 12 (Investment income and capital gains and losses credited on premium and other deposit funds), and 13 (Increase in liability for premium and other deposit funds) of GLENBROOK's Statutory Separate Account Statement.
(b) The funds transferred from the GLENBROOK Separate Account to a GLENBROOK General Account.
(c) The funds transferred from a GLENBROOK General Account to the GLENBROOK Separate Account.
(d) The net investment income corresponding to the amount on page 4, line 2 (Net investment income and capital gains and losses) of GLENBROOK's Statutory Separate Account Statement, minus interest income on GLENBROOK's Capital Investment.
2. If the reserve adjustment is positive, then the reserve adjustment is payable by ALLSTATE to GLENBROOK. If the reserve adjustment is negative, then the absolute value of the reserve adjustment is payable by GLENBROOK to ALLSTATE.
3. For purposes of clarification, the parties acknowledge and agree that : (i) all investment income will stay in the GLENBROOK separate account for the benefit of the policyholders; and (ii) the charges for investment management, administration, contract guarantees and other fees will be assumed by ALLSTATE through the reserve adjustment under this Article VI.
Reserve Adjustments. 1) MODIFIED COINSURANCE RESERVE ADJUSTMENT.
a) The Modified Coinsurance Reserve Adjustment will be computed each Accounting Period equal to the result of i) minus ii) plus iii) minus iv) minus v) minus vi), where: i) equals the Modified Coinsurance Reserve, determined in accordance with Paragraph 2 below, at the end of the current Accounting Period; ii) equals a quota share of the amount transferred from the fixed account to the Variable Separate Accounts for the annuities reinsured hereunder during the current Accounting Period; iii) equals a quota share of the amount transferred from the Variable Separate Accounts to the fixed account for the annuities reinsured hereunder during the current Accounting Period; iv) equals the Modified Coinsurance Reserve, determined in accordance with Paragraph 2 below, at the end of the preceding Accounting Period; v) equals the Modified coinsurance Reserve Investment Credit, as described in Schedule C. vi) equals a quota share of the Living Benefits allocated to the Separate Account during the current Accounting Period for annuities reinsured hereunder that are inforce at the end of the Accounting Period. For the purposes of this adjustment, Living Benefits paid for annuities that are terminated during the Accounting Period are excluded. b) For any Accounting Period in which the amount computed in a) above is positive, the Reinsurer will pay the Ceding Company such amount. For any Accounting Period in which the amount computed in a) above is negative, the Ceding Company will pay the Reinsurer the absolute value of such amount.
Reserve Adjustments. Section 6.1.
Reserve Adjustments. At the end of each accounting period, NLIC shall -------------------- determine a reserve adjustment for the reinsured Group Contracts equal to (a) less (b) where
(a) Is the amount of investment income adjusted for IMR amortization for the accounting period attributable to the Group Contracts determined in accordance with Schedule 4 net of any investment expenses and default risk charges allocable to them; and
(b) Is the increase in reserves (as defined in Article
Reserve Adjustments. While this Agreement is in effect, a Modified Coinsurance Reserve Adjustment with respect to the Policies shall be made at least quarterly and used in the calculation of the Reinsurance Settlement required under Article IV. The Modified Coinsurance Reserve Adjustment shall be equal to Item (a) less Items (b) and (c) below:
(a) The change in Modified Coinsurance Reserves defined consistent with Annual Statement page 4, Lines 17, 17A, 18 and 24.
(b) Net investment income on Invested Assets as currently included in Annual Statement page 4, Line 4 of the Ceding Company.
(c) Net Capital Gains on Invested Assets as currently included in Annual Statement page 4, Lines 4a, 32 and 36.
Reserve Adjustments. ACCOUNTINGS
Reserve Adjustments. 1. [REDACTED]
2. 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 Commissioners Annuity Reserve Valuation Method.
Reserve Adjustments. 1. A. [REDACTED]
Reserve Adjustments