Separate Account Charges definition

Separate Account Charges has the meaning set forth in Section 3.2(c).
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Separate Account Charges has the meaning set forth in the Indemnity Reinsurance Agreement.
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Separate Account Charges shall have the meaning specified in Section 4.1(b).
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Examples of Separate Account Charges in a sentence

  • On and after the applicable Effective Time, any Separate Account Charges with respect to the Novated Contracts shall be for the account of the Assuming Company and, if received by the Ceding Company, the Ceding Company shall promptly remit such amounts to the Assuming Company.

  • For the avoidance of doubt, the Separate Account Charges shall not include any distribution fees received from underlying mutual funds pursuant to a plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940.

  • This formula derives the daily investment rate of return for each Sub-Account net of all Separate Account Charges shown on the Contract Schedule.

  • The Administrator shall assume all responsibility for billing and collecting premiums and other amounts payable with respect to the Reinsured Contracts, including Separate Account Charges, from and after the Effective Date.

  • Administrative Charge 0.15% Mortality Risk Charge 0.35% Expense Risk Charge 0.90% ----- Total Separate Account Charges 1.40% SEPARATE ACCOUNT FUNDS: During the Accumulation Period the Funds available with this Contract are: ALIAC GUARANTEED ACCOUNT (AG ACCOUNT) -------------------------------------------------------------------------------- MINIMUM GUARANTEED 3.0%.

  • For the avoidance of doubt, the Separate Account Charges shall include any revenue sharing fees, service fees and distribution fees received from or in respect of funds pursuant to a plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended.

  • The deduction is the daily equivalent of the annual effective percentage shown in the following chart: Administrative Charge 0.15% Mortality and Expense Risk Charge 1.10% ---- Total Separate Account Charges 1.25% Separate Account Funds: During the Accumulation Period the funds available with this contract are: Aetna Balanced VP, Inc.

  • Administrative Charge 0.15% Mortality Risk Charge 0.35% Expense Risk Charge 0.90% ----- Total Separate Account Charges 1.40% SEPARATE ACCOUNT FUNDS: During the Accumulation Period the Funds available with this Contract are: Aetna Variable Fund Aetna Income Shares Aetna Variable Encore Fund Aetna Investment Advisers Fund, Inc.

  • The Administrator shall also deduct all Separate Account Charges.

  • For the avoidance of doubt, the Separate Account Charges shall include any revenue sharing fees, service fees and distribution fees received or receivable from Funds pursuant to a plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended.


More Definitions of Separate Account Charges

Separate Account Charges has the meaning set forth in Article VI.
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Separate Account Charges shall have the meaning set forth in Section 4.03(b). “Separate Account Liabilities” means Reinsured Liabilities to the extent payable out of the Company Separate Accounts. “Separate Account Statutory Reserves” shall mean the aggregate amount of Statutory Reserves of the Company attributable to the Separate Account Liabilities calculated in accordance with SAP (without giving effect to this Agreement, but with giving effect to the expense allowances recognized in reserves held by the Company in connection with the Company Separate Accounts). “Settlement Amount” shall have the meaning set forth in Section 6.04. “Settlement Date” shall have the meaning set forth in Section 6.05. “Statutory Reserves” shall mean, as of any date of determination, the statutory reserves that the Company is required to hold in accordance with SAP (including New York Insurance Regulation 213 or any applicable successor regulation thereto) in respect of the Reinsured Liabilities (without giving effect to this Agreement). For the avoidance of doubt, Statutory Reserves shall be calculated on a standalone basis for the Reinsured Contracts and shall be subject to an asset adequacy analysis as required under New York Regulation 126 and in
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Separate Account Charges has the meaning set forth in the Coinsurance Agreement.
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Separate Account Charges means amounts withdrawn from Separate Accounts to pay to the General Account fees and expenses under the Subject Contracts, including but not limited to "m and e" charges, administrative fees, revenue sharing fees, 12b-1 fees and other fees due and payable thereunder.
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Separate Account Charges has the meaning set forth in Section 3.2(b). “Separate Account Liabilities” has the meaning set forth in Section 2.8(a). “Separate Account Reserves” means, as of any date of determination, the aggregate amount of statutory reserves of the Ceding Company with respect to the Separate Account Liabilities (as would be described in Line 1, column 3 of the Liabilities section and Exhibit 3 of the Statutory Financial Statements related to separate accounts of the Ceding Company (or the equivalent exhibits or lines in the event of changes to the Ceding Company’s Statutory Financial Statement subsequent to December 31, 2020)), calculated in accordance with the Applicable SAP. “Separate Accounts” means the registered and unregistered separate accounts of the Ceding Company applicable to the Reinsured Contracts identified in Schedule B. For the avoidance of doubt, with respect to PALAC Separate Account B, which includes assets related to the Reinsured Contracts and the Business (as defined in the Stock Purchase Agreement), for purposes of this Agreement and the Administrative Services Agreement, “Separate Account” shall only refer to the sub-accounts therein related exclusively to the Reinsured Contracts. “Settlement Statement” has the meaning set forth in Section 3.3(a). “Statutory Book Value” means, for the purposes of valuing Eligible Assets in the Trust Account, the admitted value of such assets on the Reinsurer’s statutory balance sheet, including accrued interest income, as of any date of determination, determined by the Reinsurer in accordance with Applicable SAP. “Statutory Financial Statements” means, with respect to any Person, the annual and quarterly statutory financial statements of such Person filed with the Governmental Authority charged with supervision of such Person.
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Related to Separate Account Charges

  • Separate Accounts means the accounts which are to be prepared for each

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.