Common use of Insurance Reserving Practices Clause in Contracts

Insurance Reserving Practices. Except as set forth in or contemplated by the Registration Statement, the Time of Sale Information and the Prospectus, the Company and its Insurance Subsidiaries have made no changes in their insurance reserving practices since the most recent financial statements included or incorporated in the Registration Statement, the Time of Sale Information and the Prospectus, except for changes that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.