Examples of Ceding Company Separate Accounts in a sentence
Fund shares attributable to each Novated Contract held by the Ceding Company Separate Accounts shall be transferred from the applicable Ceding Company Separate Account to the applicable Assuming Company Separate Account as of the close of the Business Day on the date during which the Effective Time for such Novated Contracts occurs or as of the close of the next Business Day if the Effective Time occurs on a non-Business Day.
Such filings will include, without limitation, filings related to the establishment by the Assuming Company of the Assuming Company Separate Accounts to mirror the existing Ceding Company Separate Accounts for the Novation Subject Contracts that constitute Variable Annuity Reinsured Contracts, new registration statements, prospectus supplements and/or disclosures relating to the Novation.
Schedule A Ceding Company Separate Accounts Exhibit 1 Form of Policyholder Notice Exhibit 2 Form of Certificate of Assumption THIS ASSUMPTION REINSURANCE AGREEMENT (this “Agreement”) is made and entered into on January1, 2024 by and between Equitable Financial Life Insurance Company, a New York-domiciled insurance company (the “Ceding Company”), and Equitable Financial Life Insurance Company of America, an Arizona -domiciled insurance company (the “Assuming Company”).
Schedule A Ceding Company Separate Accounts Exhibit 1 Form of Policyholder Notice Exhibit 2 Form of Certificate of Assumption THIS ASSUMPTION REINSURANCE AGREEMENT (this “Agreement”) is made and entered into on [ ], 2023 by and between Equitable Financial Life Insurance Company, a New York-domiciled insurance company (the “Ceding Company”), and Equitable Financial Life and Annuity Company, a Colorado-domiciled insurance company (the “Assuming Company”).
Such filings will include, without limitation, filings related to the establishment by the Assuming Company of subaccounts under its existing Separate Account EQ to mirror the existing Ceding Company Separate Accounts for the Novation Subject Contracts, new registration statements, prospectus supplements and/or disclosures relating to the novation.
Fund shares attributable to each Novated Contract held by the Ceding Company Separate Accounts shall be transferred from the Ceding Company Separate Accounts to the Assuming Company Separate Accounts as of the close of the Business Day on the date during which the Effective Time for such Novated Contracts occurs or as of the close of the next Business Day if the Effective Time occurs on a non-Business Day.