Tax Reserve. The term “Tax Reserve,” as used in this Agreement, shall mean the Quota Share Percentage of the reserve calculated according to the methods and valuation assumptions described in Section 807 of the Internal Revenue Code of 1986 with respect to the Annuities. The Tax Reserve shall be allocated proportionately between the Coinsurance Reserve and the Modified Coinsurance Reserve. The Reinsurer shall report the portion of the Tax Reserve allocated to the Coinsurance Reserve on its tax returns and the Ceding Company shall report the portion of the Tax Reserve allocated to the Modified Coinsurance Reserve on its tax returns. SCHEDULE C QUARTERLY REPORT OF ACTIVITY AND SETTLEMENTS FROM CEDING COMPANY (TLIC) TO REINSURER (FIREBIRD RE) Reporting Quarter: Calendar Year:
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Samples: Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Separate Account Va B)
Tax Reserve. The term “Tax Reserve,” as used in this Agreement, shall mean the Quota Share Percentage of the reserve calculated according to the methods and valuation assumptions described in Section 807 of the Internal Revenue Code of 1986 with respect to the Annuities. The Tax Reserve shall be allocated proportionately between the Coinsurance Reserve and the Modified Coinsurance Reserve. The Reinsurer shall report the portion of the Tax Reserve allocated to the Coinsurance Reserve on its tax returns and the Ceding Company shall report the portion of the Tax Reserve allocated to the Modified Coinsurance Reserve on its tax returns. SCHEDULE C QUARTERLY REPORT OF ACTIVITY AND SETTLEMENTS FROM CEDING COMPANY (TLICTPLIC) TO REINSURER (FIREBIRD RE) Reporting Quarter: Calendar Year:
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