Common use of RESERVE AND VALUATION INFORMATION Clause in Contracts

RESERVE AND VALUATION INFORMATION. The reserve held by Reinsurer for reinsurance of the variable annuity death benefit will be determined in accordance with the NAIC Actuarial Guideline [#], but in no event will be less than the required statutory reserve in the state of domicile of the Ceding Company or any other state in which it conducts business.

Appears in 3 contracts

Samples: Benefit Reinsurance Agreement (Separate Account a of Equitable Life Assu Soc of the Us), Benefit Reinsurance Agreement (Separate Account a of Equitable Life Assu Soc of the Us), Benefit Reinsurance Agreement (Separate Account a of Equitable Life Assu Soc of the Us)

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RESERVE AND VALUATION INFORMATION. The reserve held by Reinsurer Continental for reinsurance of the variable annuity death benefit will be determined in accordance with the NAIC Actuarial Guideline [#]XXXIV, but in no event will be less than the required statutory reserve in the state of domicile of the Ceding Company or any such other state in which it conducts business.

Appears in 2 contracts

Samples: Guaranteed Minimum Death Benefit Reinsurance Agreement (Variable Account D of Union Security Insurance Co), Guaranteed Minimum Death Benefit Reinsurance Agreement (Variable Account D of Union Security Insurance Co)

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