Security Reserves. The Reinsurer shall establish and maintain adequate reserves with respect to the Reinsured Policies as are necessary to enable the Company to take full credit for the reinsurance provided by this Agreement on its statutory balance sheet filed with the insurance departments of all states in which the Company files its annual statement, including, but not limited to, establishing and maintaining reserves to enable the Company to comply with § 125.5(b) of the New York Insurance Regulations.
Appears in 2 contracts
Sources: Reinsurance Agreement (Mony Group Inc), Reinsurance Agreement (Mony Group Inc)