Risk Control Separate Account definition

Risk Control 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 the performance of one or more equity indices and is not registered as a unit investment trust under the Investment Company Act of 1940.
Sample 1Sample 2Sample 3
Risk Control 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 the performance of one or more equity indices and is not registered as a unit investment trust under the Investment Company Act of 1940. “Risk Control Separate Account Assets” means the assets held in the Risk Control Separate Account(s). “Risk Control Separate Account Liabilities” means for the Risk Control Separate Account(s), all liabilities, reserves, obligations, costs and expenses relating to, based upon or arising out of the Policies, and relating to the Risk Control Separate Account Assets, provided, however, that the Risk Control Separate Account Liabilities shall not include the General Account Liabilities Declared Rate Separate Account Liabilities or Variable Separate Account Liabilities. “Statutory Reserves” means, as of any given date, the gross reserves established and maintained as a liability on the Company’s statutory financial statements for the Policies, prior to giving effect to the reinsurance provided hereunder, calculated in accordance with Iowa SAP and in accordance with sound actuarial principles. “SSAP 70” means Statement of Statutory Accounting Principles No. 70, Allocation of Expenses. “Tax” (or “Taxes” as the context may require) shall mean any federal, state, local or foreign net income, gross income, gross receipts, severance, property, production, sales, use, license, excise, franchise, employment, payroll, withholding, premium, alternative or add-on minimum, ad valorem, value-added,
Sample 1

Examples of Risk Control 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.

  • We have the right to transfer to our General Account any assets of the Risk Control Separate Account that are in excess of such reserves and other liabilities.

  • PLoS Med 6(7): 1-6.Moola, S., Munn, Z., Tufanaru, C., Aromataris, E.C., Sears, K., Sfetcu, R., Currie, M.J., Lisy K., Qureshi, R., Mattis, P., Mu, P.

  • The Risk Control Separate Account is a non-registered Separate Account in which we hold reserves for our guarantees attributable to annuity contracts that offer Risk Control Accounts for this contract form.

  • The income, gains and losses, realized or unrealized, from the assets allocated to the Risk Control Separate Account, will be credited to or charged against the Risk Control Separate Account, without regard to our other income, gains, or losses.

  • We reserve the right to refuse any transfer instructions that may be harmful to the Variable Separate Account, any Variable Subaccount or underlying Fund, Risk Control Separate Account, any Risk Control Account or to other Owners.

  • Purchase Payment(s) allocated to a Risk Control Account(s) become part of the total Risk Control Account Value which fluctuates according to the investment performance of the assets in the Risk Control Separate Account.

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

Related to Risk Control Separate Account

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Holding Account means an account:

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collection Account Control Agreement means that certain collection account control agreement, dated as of the date hereof, among Administrative Agent, Seller and Bank, as the same may be amended, restated, supplemented or otherwise modified from time to time.