Annuity Contracts definition
Annuity Contracts is defined in the Registration Statement.
Annuity Contracts means an insurance contract typically between an insured and a life insurance company in which the insurance company makes a series of regularly spaced payments to the annuitant during the specified start date until the annuitant’s death in return for a paid in premium or premiums. As used herein, Annuity Contracts include individual annuities, individual single premium income annuities, variable annuities, and similar or derivative assets.
Annuity Contracts means collectively, all contracts of insurance constituting part of the Business which are identified or described as such on the internal systems of Ceding Company, either specifically, generally or by product code, which were entered into by Ceding Company prior to the Reinsurance Effective Date, including policies, certificates, riders, binders, and slips (including applications therefor and all supplements, endorsements, riders and agreements in connection therewith), and any other agreements of insurance or assumed reinsurance, and binding quotations written by or on behalf of Ceding Company in connection with the Business prior to the Reinsurance Effective Date. Without limiting the generality of the foregoing, each certificate shall be deemed to be an “Annuity Contract” for purposes of this Agreement.
Examples of Annuity Contracts in a sentence
The Manager expects that under normal market conditions, the majority of its fair-valued assets (i.e., Mortality Contracts), will increase in value over time while the fair value of its Annuity Contracts will be written down as they pay out dividends.
As a result, and because the value of the Mortality Contracts and Annuity Contracts cannot increase above their fair value for purposes of the calculation, the AUM fee calculation used to calculate the Management Fee may be lower (but will never be higher) than the NAV fee amount shown in the fee table above.
More Definitions of Annuity Contracts
Annuity Contracts means the annuity agreements, as amended, and the related annuities owned by Seller to fund Seller’s obligations pursuant to its Employee Benefit Plans. Each Annuity Contract is set forth in Section 1.01(b) of the Disclosure Schedule.
Annuity Contracts means the group and individual variable annuity contracts issued by Nationwide Life to Class Members.
Annuity Contracts means the non-transferable annuity contracts, if any, as defined in Code section 403(b), selected by Brandeis to which contributions under the Plan may be made. The provisions of each Annuity Contract are hereby incorporated by reference into the Plan to the extent not inconsistent with the provisions of the Plan.
Annuity Contracts means all policies described on Schedule 3.8(a) attached hereto. Annuity Contracts as used in this Agreement is intended to refer to all single premium deferred annuity policies, flexible premium deferred annuity policies, single premium immediate annuity policies, supplementary contracts and guaranteed investment contracts included in the Annuity Business which are in-force as of the Closing Ledger Date, as well as any riders providing for other supplemental benefits, and all supplements, endorsements, riders and ancillary agreements in connection therewith and specifically includes without limitation (i) all lapsed Annuity Contracts that are reinstated and (ii) any supplemental benefits arising out of the Annuity Contracts. Notwithstanding anything to the contrary in this Agreement, "Annuity Contracts" shall not include (i) any policy for which the reserves or applicable premiums are not actually transferred to Purchaser, (ii) any policy not described in Schedule 3.8(b) attached hereto, (iii) Annuity Contracts issued on or prior to April 1, 1978, (iv) single premium immediate annuities and supplementary contracts involving life contingencies, (v) universal life flexible premium deferred annuity riders, (vi) annuity policies assumed by Seller from Aristar Life Insurance Company and (vii) if the Oxford Put is implemented pursuant to Section 5.10 hereof, the Oxford Annuity Contracts. For purposes of the representations and warranties of Seller set forth in Article 3 hereof, the term "Annuity Contracts" shall be deemed to include policies described on Schedule 3.8(a) attached hereto sold after the Closing Ledger Date and on or prior to the Closing Date or which terminated after the Closing Ledger Date and on or prior to the Closing Date.
Annuity Contracts means an insurance contract typically between an insured and a life insurance company in which the insurance company makes a series of regularly spaced payments to the annuitant during the specified start date until the annuitant’s death in return for a paid in premium or premiums. As used herein, Annuity Contracts include individual annuities, individual single premium income annuities, variable annuities, and similar or derivative assets. Generally, individual annuities and individual single premium income annuities are deemed to be insurance products and therefore not “securities.” Variable annuities and derivative products are generally deemed to be “securities.”
Annuity Contracts means all individual and group annuity Contracts in effect on the date hereof, or on the Closing Date, as applicable, including the Reinsured Annuity Contracts and the Excluded Annuity Contracts.
Annuity Contracts means the following annuity contract(s) purchased and solely owned by the Bank: