Declared Rate Separate Account definition

Declared Rate Separate Account means the insulated, non-unitized separate account(s) established and maintained by the Company pertaining to the Policies which account is linked to an interest rate declared by the Company and is not registered as a unit investment trust under the Investment Company Act of 1940.
Sample 1Sample 2Sample 3

Examples of Declared Rate Separate Account in a sentence

  • The Quarterly Accounting shall separately identify payment obligations attributable to a Variable Separate Account, a Risk Control Separate Account, a Declared Rate Separate Account and the General Account.

  • The Reinsurer shall have the authority to manage, substitute and re-invest assets held in the Reinsurer’s Separate Accounts at its discretion, provided that (a) all assets held in, allocated to or transferred to the Reinsurer’s Separate Accounts shall comply at all times with the Investment Guidelines, and (b) the aggregate value of assets held in the Reinsurer’s Separate Accounts shall at all times be no less than the Risk Control Separate Account and the Declared Rate Separate Account Liabilities.

  • The Company shall own and control all assets in a Risk Control Separate Account or a Declared Rate Separate Account.

Related to Declared Rate Separate Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Funding Account has the meaning assigned to such term in Section 4.01(h).