Coinsurance Reserves definition

Coinsurance Reserves means the statutory reserve for the obligations reinsured pursuant to Section 3.03.
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Coinsurance Reserves means the Reinsurer’s Quota Share of the Ceding Company’s Statutory Reserves established with respect to the general account portion of liabilities arising under the Reinsured Contracts, as required of the Ceding Company on its NAIC Annual Statement Blank filed with the State of New York.
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Examples of Coinsurance Reserves in a sentence

  • At the end of each Accounting Period, if the book value of the assets in the Segregated Asset Portfolio is greater than the Modified Coinsurance Reserves, then the Ceding Company may withdraw any or all of the difference in cash.

  • Not less than ten (10) days prior to the end of each accounting period, Ceding Company shall estimate such Coinsurance Reserves and the amount of any Letter of Credit required in accordance with this Section and prior to the close of the accounting period in which such notice is received, Reinsurer shall obtain and deliver to Ceding Company a Letter of Credit, or an amendment to a Letter of Credit, in an amount not less than the aforementioned estimated amount.

  • For every accounting period in which a Letter of Credit is to be provided under this Section, the amount of the Letter of Credit will equal or exceed at all times, the Coinsurance Reserves.

  • The initial premium payable in connection with the amendment and restatement of the Original A&R Agreement shall be an amount equal to the applicable Quota Share of the Modified Coinsurance Reserves with respect to the Reinsured Policies associated with the 2018 Annuity Agreement (the “Initial Premium”).

  • The Modified Coinsurance Reserves shall be an amount equal to the Gross Statutory Reserve on the portion of the Policies reinsured hereunder as of the close of such accounting period for which this calculation is being made.

  • The Interest Credit on Modified Coinsurance Reserves consists of the interest from the variable account, fixed account, policy loan account and an Investment Management Reimbursement Credit.

  • At #115110 9 12/30/2008 the end of each Accounting Period, if the book value of the assets in the Segregated Asset Portfolio is greater than the Modified Coinsurance Reserves, then the Ceding Company may withdraw any or all of the difference in cash.

  • Within sixty (60) days after the end of each Accounting Period, the Reinsurer shall submit to Ceding Company quarterly accounting reports, substantially in the form of Exhibit E - Form of Accounting and Settlement Reports, for each Accounting Period (such reports shall include, but are not limited to, the amounts determined in the manner described in Exhibit D for Reinsurance Premiums, Net Contract Fees and Charges, Reinsurance Claims, and Modified Coinsurance Reserves).

  • For every Accounting Period in which a Letter of Credit is to be provided under this Section, the amount of the Letter of Credit will equal or exceed, at all times, the Coinsurance Reserves.

  • The Coinsurance Reserves will be based on the Nebraska statutory reserve requirement, for benefits reinsured hereunder, in effect as of the beginning of the applicable Accounting period.