Guaranteed Minimum Income Benefit. 1. The indemnity cession shall be the share of the IBNAR (defined in Article IV) that is generated prior to the termination of the Reinsurer's liability (defined in Article II), by the Guaranteed Minimum Income Benefit Rider (the "Income Program") provisions of the Reinsured Contracts, as specified in Schedule A.
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 Usa Separate Account A)
Guaranteed Minimum Income Benefit. 1. The indemnity cession retrocession shall be the share of the IBNAR (defined in Article IV) that is generated prior to the termination of the Reinsurer's Retrocessionaire’s liability (defined in Article II), by the Guaranteed Minimum Income Benefit Rider (the "“Income Program"”) provisions of the Reinsured Contracts, as specified in Schedule A.
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)
Guaranteed Minimum Income Benefit. 1. The indemnity cession shall be the share Reinsurer's Percentage of the IBNAR (defined in Article IV) that is generated prior to the termination of the Reinsurer's liability (defined in Article II), by annuity payments upon annuitization under the Guaranteed Minimum Income Benefit Rider (the "Income Program") provisions of the Reinsured Contracts, as specified multiplied by the IBNARP (defined in Schedule A.Article IV).
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One)
