RESERVES FOR REINSURANCE. THE REINSURER will hold a reserve at least as high as the amount determined as the one-year term reserve on the portion of each policy reinsured. This reserve will be calculated using the interest rate specified in the standard valuation law for the applicable year of issue and the sex and smoker distinct 1980 CSO ultimate ALB mortality table.
Appears in 3 contracts
Samples: Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life Variable Universal Account)
RESERVES FOR REINSURANCE. THE REINSURER will hold a reserve at least as high as the amount determined as the one-year term reserve on the portion of each policy reinsured. This reserve will be calculated using the sex and smoker distinct 1980 CSO ultimate ALB mortality table and the interest rate specified in the standard valuation law for the applicable year of issue and the sex and smoker distinct 1980 CSO ultimate ALB mortality tableissue.
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)
