Third Party Actuary definition

Third Party Actuary means an independent actuarial firm that is independent and impartial and mutually acceptable to the Ceding Company and the Reinsurer.

Third Party Actuary shall have the meaning set forth in Section 3.02(d) hereof.

Third Party Actuary means a nationally recognized accounting or actuarial firm mutually agreed upon by the Parties hereto; provided, that if the Parties are unable to mutually agree, they shall jointly request the President of the Society of Actuaries to appoint, within 10 Business Days from the date of such request, a nationally recognized accounting or actuarial firm with actuarial expertise independent of both the Ceding Company and the Reinsurer and their respective Affiliates to serve as the Third Party Actuary.

Examples of Third Party Actuary in a sentence

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• If the parties are unable to resolve any disagreement within ten (10) Business Days after the Reinsurer delivers written notice of any such disagreement to the Ceding Company, the parties shall jointly request the Third Party Accountant or Third Party Actuary, as applicable, to determine the Terminal Settlement in the manner provided in Section 5.03(d) with respect to disputed items under the Monthly Settlement and Required Balance Report, mutatis mutandis.

• The fees of the Valuation Expert, Third Party Accountant or Third Party Actuary shall be borne equally by the parties.

• The determinations by the Third Party Actuary as to the items in dispute shall be in writing and shall be binding and conclusive on the parties and shall be so reflected in the Final Recapture Statement.

• The fees, costs and expenses of retaining the Third Party Actuary shall be shared equally between the parties.

More Definitions of Third Party Actuary

Third Party Actuary shall have the meaning set forth in Section 6.01(j)(iv).

Third Party Actuary means Xxxxxxxx, Inc.

Third Party Actuary means the actuary appointed pursuant to Schedule 7

Third Party Actuary means Milliman; provided if Milliman refuses or is otherwise not available to act in such capacity, the Third Party Actuary means a nationally recognized independent actuarial firm mutually agreed upon by the parties hereto; provided, that if the parties are unable to mutually agree on an actuarial firm within ten (10) Business Days from the date on which Milliman shall have provided the parties with notice of such refusal or unavailability, the parties hereto shall jointly request the President of the Society of Actuaries to appoint, within ten (10) Business Days from the date of such request, a nationally recognized actuarial firm independent of the Company, the Direct Insurer and the Reinsurer and their respective Affiliates to serve as the Third Party Actuary.

Third Party Actuary means an independent actuarial firm which is mutually acceptable to the Grantor and the Beneficiary, or, if the Grantor and the Beneficiary cannot agree on such an actuarial firm, an independent actuarial firm selected by the parties’ respective independent auditors.

Third Party Actuary shall have the meaning specified in the Reinsurance Agreement.

Third Party Actuary has the meaning set out in Section 9.4(g);