Segregated Asset Portfolio. 1. The Reinsured shall establish one or more internally segregated asset portfolio(s) on its investment management system (“Segregated Portfolio”) for the benefit of the Reinsurer. The Reinsured shall deposit reinsurance premium payments directly into the Segregated Portfolio. Deposits by the Reinsured of reinsurance premium payments directly into the Segregated Portfolio shall constitute payment by the Reinsured of such premiums to the Reinsurer and shall satisfy the Reinsured’s obligation hereunder to pay such premiums to the Reinsurer. The Segregated Portfolio as of the effective date of this Agreement is listed in Schedule J.
Appears in 4 contracts
Samples: Reinsurance Agreement (Separate Account Va C), Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Separate Account Va-2l)
