Termination Rate. The Termination Rate in any Accounting Period equals 1 - [(i) divided by (ii)], where: (i) equals the total number of annuities reinsured hereunder and described in Schedule A, as of the date the current Accounting Period ends; and (ii) equals the total number of annuities reinsured hereunder and described in Schedule A, as of the date one year prior to the date the current Accounting Period ends.
Appears in 2 contracts
Samples: Reinsurance Agreement (North American Security Life Insurance Co), Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)
Termination Rate. The For Accounting Periods beginning January 1, 1995 and thereafter, the Termination Rate in any Accounting Period equals 1 - [(i) divided by / (ii)], where:
(i) equals the total number of annuities reinsured hereunder and described in Schedule A, as of the date the current Accounting Period ends; and
(ii) equals the total number of annuities reinsured hereunder and described in Schedule A, as of the date one year prior to the date the current Accounting Period ends.
Appears in 1 contract
Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)
Termination Rate. The For Accounting Periods beginning January 1, 1995 and thereafter, the Termination Rate in any Accounting Period equals 1 - [(i) divided by / (ii)], where:
(i) equals the total number of annuities reinsured hereunder and described in Schedule A, as of the date the current Accounting Period ends; and
(ii) equals the total number of annuities reinsured hereunder and described in Schedule A, as of the date 100 one year prior to the date the current Accounting Period ends.
Appears in 1 contract
Samples: Reinsurance Agreement (North American Security Life Insurance Co)
