Net Statutory Reserve definition

Net Statutory Reserve means the Statutory Reserve inclusive of the impact of Inuring Reinsurance.

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Net Statutory Reserve has the meaning set forth in Section 3.1(c)(iv).

Net Statutory Reserve means the amount as of the Effective Time determined by subtracting items B.3, B.4 and B.5 from item A.1 of the Closing Net Settlement Statement as finally determined pursuant to Section 2.6 of the Master Agreement with respect to the Affected Policies; and

Examples of Net Statutory Reserve in a sentence

The Reinsurer shall owe to the Ceding Company an initial modified coinsurance adjustment (the “Initial Modified Coinsurance Adjustment”) equal to the sum of the Net Statutory Reserve as of the Effective Date for each of the types of General Account Modified Coinsurance Business, each multiplied by the applicable Quota Share for the type of Business Reinsured.
This Paragraph applies to strengthening affecting either or both the Statutory Reinsured Reserve or the Net Statutory Reserve.
The term "Net Statutory Reserve," as used in this Agreement, means the reserve as calculated according to the methods described in Section 807 of the Internal Revenue Code of 1986.
The Net Coinsurance Reserve is equal to the Net Coinsurance Percentage, as defined in Paragraph 1 above, times the Net Statutory Reserve, as defined in Paragraph 6 below.
The term "Net Statutory Reserve," as used in this Agreement, means the reserve as calculated according to the methods described in Section 807 of the Internal Revenue Code of 1986 on the portion of the annuities reinsured hereunder.
Such reports will include information for the Accounting Period on the amount of Reinsurance Premiums, Ceded Reinsurance Premiums, Supplemental Consideration, Commission and Expense Allowance, Benefit Payments, Dividends, Experience Refund, Memorandum Account, Expense and Risk Charge, Modified Coinsurance Reserve, Coninsurance Reserve, Statutory Reinsured Reserve, Net Statutory Reserve, Dividend Liability, Coinsured Dividend Liability and Retained Dividend Liability.

More Definitions of Net Statutory Reserve

Net Statutory Reserve as used in this Agreement, means the reserve as calculated according to the methods described in Section 807 of the Internal Revenue Code of 1986.

Net Statutory Reserve means such reserve as calculated by the Ceding Company for the Policies in accordance with the methodology set forth on Schedule E. Any departure from this reserving methodology is subject to prior written approval by the Reinsurer, such approval not to be unreasonably conditioned, delayed or withheld.