GMDB and EPB. The Reinsurer shall use the summary data in Schedule C to calculate and monitor its maximum VNAR liability throughout the calendar year. Until the receipt of the final report for the calendar year, the VNAR shall be estimated in accordance with reasonable actuarial methods that will approximate the actual amounts. Adjustments to benefit claim recoverables based upon such estimates will then be made to reflect actual amounts upon the receipt of the final report for the calendar year.
Appears in 15 contracts
Samples: Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account Five), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account Five)
GMDB and EPB. The Reinsurer Retrocessionaire shall use the summary data in Schedule C to calculate and monitor its maximum annual aggregate VNAR liability throughout the calendar year, as described in Article 1, Paragraph B(2). Until the receipt of the final report for the calendar year, the VNAR shall be estimated in accordance with reasonable actuarial methods that will approximate the actual amounts. Adjustments to benefit claim recoverables based upon such estimates will then be made to reflect actual amounts upon the receipt of the final report for the calendar year.
Appears in 3 contracts
Samples: Automatic Retrocession Agreement (Brighthouse Variable Annuity Account C), Automatic Retrocession Agreement (Brighthouse Variable Annuity Account C), Automatic Retrocession Agreement (Brighthouse Separate Account A)
