Coinsurance Reserve definition

Coinsurance Reserve means the Quota Share of the Net Statutory Reserve for the Coinsurance Business. Xxxxxxx Resolution Life Insurance Company and TR Re, Ltd. Annuity Reinsurance Agreement [REDACTED]
Sample 1Sample 2Sample 3
Coinsurance Reserve as used in this Agreement, is equa1 to the Guaranteed Minimum Death Benefit reserves in compliance with NAIC Actuarial Guideline XXXIV, and the Variable Annuity Guaranteed Living Benefit reserves in compliance with NAIC Actuarial Guideline XXXIX, or any successor statutory accounting standards for valuation of reserves, as applied to the base Annuity death benefit in excess of the Account Value and Guaranteed Benefits issued as riders that are reinsured hereunder.
Sample 1
Coinsurance Reserve means the portion of the Total Reserves covered under the Coinsurance Plan, and the term "Mod Co Reserves" shall mean the portion of the Total Reserve covered under the Modified Coinsurance Plan.
Sample 1

Examples of Coinsurance Reserve in a sentence

  • The Ceding Company will retain, control and own all assets held in relation to 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.

  • Such reports will include information on the amount of Reinsurance Premiums, Allowance for Commissions and Expenses, Benefit Payments, Modified Coinsurance Reserve, Modified Coinsurance Reserve Adjustment, and the increase in the CARVM Allowance for the Reinsured Policies.

  • The "Modified Coinsurance Reserve" equals the Reinsurer's quota share of the greater between the Statutory Reserve and the Account Value.

  • The Modified Coinsurance Reserve Investment Credit for any Accounting Period shall be equal to the Modified Coinsurance Reserve Investment Rate determined according to Paragraph 1 times the Modified Coinsurance Reserve as of the beginning of the accounting period.

  • Such reports shall include information on the amount of the Reinsurance Premium, the Allowance, Benefit Payments, Modified Coinsurance Reserve, Modified Coinsurance Reserve Investment Credit, and the book value of the Asset Portfolio.

  • The Segregated Asset Portfolio is comprised of those assets supporting the Annuities and will be equal to or greater than the Modified Coinsurance Reserve, as described in Schedule B, Paragraph 2.

  • On the Effective Date, the Ceding Company shall also transfer to the Reinsurer an additional estimated reinsurance premium equal to the Modified Coinsurance Reserve ("Initial Modco Reinsurance Premium") and the Reinsurer shall immediately transfer to the Ceding Company an amount equal to the Modified Coinsurance Reserve.

  • Notwithstanding the preceding, in the event of the failure of the Ceding Company to receive statutory credit for the Coinsurance Reserve, or, with respect to risk based capital calculations, for the Modified Coinsurance Reserve with respect to this Agreement, the Ceding Company may elect to recapture this Agreement, subject to thirty (30) days prior written notice.

  • Such reports will include information on the amount of Reinsurance Premiums, Ceding Commission, Acquisition Expense, Expense Allowance, Commission Chargebacks, Benefit Payments, Modified Coinsurance Reserve, Coinsurance Reserve, Gross Statutory Reserve, Tax Reserve, Interest Maintenance Reserve, and Modified Coinsurance Reserve Investment Credit.


More Definitions of Coinsurance Reserve

Coinsurance Reserve as defined in Section 5.02 of the Agreement shall at December 31, 1996 be set at the amount equal to the sum of (1) the amount of the Coinsurance Reserve at December 31, 1996 but for this amendment and (2) $300,000.
Sample 1
Coinsurance Reserve means the amount calculated by the Reinsurer with respect to the Reinsured Liabilities, in accordance with Schedule D, solely for the purpose of determining the Required Balance.
Sample 1

Related to Coinsurance Reserve

  • Coinsurance means that you pay a percent of the total cost of the drug each time you fill a prescription.

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Annuity reserve means the present value, computed upon the basis of the mortality and other tables adopted by the board, of all payments to be made on account of any annuity, or benefit in lieu of any annuity, granted to a retirant as provided in this chapter.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • FF&E Reserve means, for any Person or any Hotel Property at any time, a reserve equal to four percent (4%) of gross revenues from any Hotel Property owned by such Person or from such Hotel Property, as applicable, for the Rolling Period of the Parent most recently ended for which financial statements have been, or are required to be, delivered to the Banks hereunder.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Initial Reserve Account Deposit means $3,250,000.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Pension reserve means the present value, computed upon the basis of the mortality and other tables adopted by the board, of all payments to be made on account of any retirement allowance or benefit in lieu of any retirement allowance, granted to a member or beneficiary under this chapter.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.