Reserve Basis. 1. The modified coinsurance reserve shall equal the sum of the general account statutory reserve, as defined in 2. below, and the interest maintenance reserve, as defined in 3. below.
2. The general account statutory reserve shall be calculated by the Reinsured according to the “Commissioner’s Annuity Reserve Valuation Method” as prescribed in the Standard Valuation Law of the Reinsured’s state of domicile and the applicable NAIC Model Regulations and Actuarial Guidelines. The general account statutory reserve shall include any CARVM reserve allowances associated with variable subaccounts that are reported by the Company on the statutory balance sheet with its state of domicile. The general account reserve shall also include required reserves for guaranteed benefits.
3. The interest maintenance reserve (IMR) shall be calculated by the Reinsured using the methodology currently employed by the Reinsured in preparing its statutory statements.
Reserve Basis. The Statutory Reserve will be calculated by the Reinsured according to the "Commissioner's Annuity Reserve Valuation Method" as prescribed in the Standard Valuation Law.
Reserve Basis. Reinsurance Amount Reserve
Reserve Basis. The Reinsurer will hold mortality risk reserves for its share of liability on each policy calculated on an unearned premium basis.
Reserve Basis. The reserve for owner's interest in the general account will be calculated by the Commissioner's Annuity Reserve Valuation Method, the Annuity 2000 Mortality Table, at an interest rate no greater than that allowed in the Standard Valuation Law of the state in which the contract is delivered. The reserve will equal or exceed the reserve required by the Standard Valuation Law.
Reserve Basis. The reserve method and basis for this Contract are on file with the Insurance Department in Your state.
Reserve Basis. Reinsurer shall not hold reserves as Cedent will pay premiums on a calendar monthly basis. SCHEDULE B REINSURANCE PREMIUM RATES
1. REINSURANCE PREMIUMS The Reinsurance Premiums shall be payable to the Reinsurer on the calendar monthly basis. Reinsurance premiums shall be calculated as follows: Reinsurance Premiums = Rate per $1,000 x Face Amount Ceded/1,000. The reinsurance premium rates per $1,000 are based on the following percentages of the 1975-80 US SOA Basic Table, Age Nearest with Allianz extension. Annual rates are multiplied by to obtain calendar monthly rates. Juvenile rates are the sum of % of nonsmoker rates and % of smoker rates, rounded to two decimal places. Class Year 1 Years 2+ ----- ------ ------------------------------------------------------------------------------------------------ Issue Ages --------------------------------------------------------------------------------------------------------- All 0-65 66 67 68 69 70 71 72 73 74 75+ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ SP _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% P _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% NS _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% SS _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% S _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% _____% Flat extra premiums will be applied to this reinsurance premium as shown in section 3 below. Term conversion policies will use point-in-scale rates with a _____% first year discount. Term conversions will be limited to policies that are within 5 years of issue.
2. SUBSTANDARD TABLE 2-13
Reserve Basis. The Reinsurer will hold, and the Ceding Company will take credit for statutory reserves for the proportion of each policy reinsured on a ½ Cx basis using the prevailing statutory valuation mortality tables and statutory interest rate.
Reserve Basis. The reserve for annuity income options in the general account will be calculated by the Commissioner's Annuity Reserve Valuation Method, the 1983 Table "a" Individual Annuity Mortality Table, and an interest rate no greater than that allowed in the Standard Valuation Law of the state in which the contract is delivered. The reserve will equal or exceed the reserve required by the Standard Valuation Law.
