Experience Refunds. Reinsurance under this agreement shall not be eligible for an experience refund. [page break]
Experience Refunds. 1. The schedule of reinsurance premiums applicable to reinsurance ceded under the terms of this Agreement has been especially designed to require minimum cash outlay. Therefore, reinsurance ceded under the terms of this Agreement will not be considered eligible for participation in experience refunds.
Experience Refunds. Within one hundred fifty (150) days following the end of each calendar quarter commencing on or after January 1, 2015 (the “Experience Refund Commencement Date”) (or following such later period as may be reasonably justified if required financial information is then unavailable), the Ceding Company will provide to the Reinsurer its specification of the amount of any Experience Refund due in respect of the Additional Assumed Policies with respect to such quarter, including therewith a specification of the material supporting computations and copies of related financial computations. Subject to Section 13.1 of the Reinsurance Agreement, the Reinsurer shall pay to the Ceding Company the amount of any Experience Refund in accordance with the settlement procedures set forth in the Reinsurance Agreement. For purposes of this Section 16, “Experience Refunds” shall mean the amounts determined in accordance with the provisions of Annex B.
Experience Refunds. Lincoln shall not pay an experience refund to SAFECO.
Experience Refunds. ALLSTATE will pay an experience refund annually to NEW YORK within 60 days after the end of each calendar year.
Experience Refunds. Life reinsurance accepted under the Agreement will be eligible for experience refunds, as outlined in Schedule B.
Experience Refunds. 1. Group Life reinsurance ceded under this Agreement for amounts up to and including the pooling point shall be eligible for an experience refund. The experience refund provisions and formula shall be as follows:
2. Minimum Refund Premium Reinsurance earned paid premiums must be at least two hundred thousand dollars ($200,000) in a calendar year. If at the end of the year, the earned refund premiums paid to Swiss Re Life & Health are less than two hundred thousand dollars ($200,000), the account will be converted to non-refund basis. No experience refund is payable for such year. A loss in a non-refund year will not be carried over. POOLING POINT The pooling point is $300,000 above the Company's retention.
Experience Refunds. At the end of each Accounting Period, the Reinsurer shall pay to the Ceding Company an ‘‘Experience Refund” as calculated on Schedule A. No Experience Refund will be paid on and after the Experience Refund Termination Date. At no point shall the Experience Refund be less than zero (0).
Experience Refunds. Lincoln shall not pay an experience refund to USAA.
