Common use of Terminal CARVM Allowance Clause in Contracts

Terminal CARVM Allowance. At Terminal Settlement, the Reinsurer will ------------------------ transfer the Terminal CARVM Allowance on the annuities reinsured as of the terminal account date. Simultaneously, the Ceding Company will transfer an equal amount of mutually acceptable assets to the Reinsurer.

Appears in 13 contracts

Samples: Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Golden American Life Insurance Co /Ny/)

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Terminal CARVM Allowance. At Terminal Settlement, the Reinsurer will ------------------------ transfer the Terminal CARVM Allowance on the annuities reinsured as of the terminal account date. Simultaneously, the Ceding Company will transfer an equal amount of mutually acceptable assets to the Reinsurer.

Appears in 1 contract

Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/)

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