Labels:book | reckoner | sky OCR: if (i) there isa subseguent breach of - the contract by Harris Trust QT {i1} the premiums paid by Harris Trust, together with the invest tment income aliocated to the contract are insufficient to provide the pension benefits Hancock had obligated l itself to pay {JA- -89 to JA -91. JA- -135 to JA-139: PA-65). Finally Harris Trust. as cont tractholder, could at any time, if it elected to da s0 require Hancock use the contract's book value in excess of the contractual cost of the existing guaranteed benefits {the so.called "free funds' to provide additional guaranteed benefits on the basis the annuity purchase rates fixed in the contract {JA-90} State Regulation Irsurance An insurance company' administration of its General Acccunt and it5 obligations to its policyholders governed state insur ...
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