Bifurcation is subjective and will come down to actuarial judgment. Actuaries at different companies could easily come up with different opinions on how much risk is transferred by a contract.

They'll have to get it through the regulators, and that's where the gamesmanship will begin,

I'm the happiest lawyer that you've ever seen. Eight and a half million dollars, we're told, is the biggest ... judgment in the history of Sevier County.

We had the judgment before they did the seizure.

My daughter's autograph played no part in the judgment as I was not on the disciplinary panel that heard the case.

Ford postponing the event would be their judgment that market conditions are becoming disorderly. (Ford is) betting that conditions will improve once upcoming uncertainties are out of the way, one of which is the FOMC meeting.