Initial Coinsurance Reinsurance Premium. On the Effective Date, Ceding Company shall deliver to Reinsurer an estimated accounting as described in Section 5.01 calculated as of the Effective Date, and Ceding Company shall transfer an initial reinsurance premium ("Initial Coinsurance Reinsurance Premium") to Reinsurer on the Effective Date in the form of cash and/or assets listed in Exhibit C with an estimated fair market value as of the Effective Date equal to the Net Coinsurance Reserve (including associated unamortized interest maintenance reserves)described in Exhibit B.
Appears in 6 contracts
Samples: Service Agreement and Indemnity Combination Coinsurance Agreement (Hancock John Variable Annuity Account U), Service Agreement and Indemnity Combination Coinsurance Agreement (Hancock John Variable Annuity Account H), Service Agreement and Indemnity Combination Coinsurance Agreement (Hancock John Variable Annuity Account Jf)
Initial Coinsurance Reinsurance Premium. On the Effective Date, Ceding Company shall deliver to Reinsurer an estimated accounting as described in Section 5.01 calculated as of the Effective Date, and Ceding Company shall transfer an initial reinsurance premium ("Initial Coinsurance Reinsurance Premium") to Reinsurer on within 20 business days of the Effective Date in the form of cash and/or assets listed in Exhibit C with an estimated fair market value as of the Effective Date equal to the greater of the Net Coinsurance Reserve (including associated unamortized interest maintenance reserves)described described in Exhibit B.B and the fair value of the coinsured liabilities as calculated by the Ceding Company in accordance with generally accepted accounting principles as of the Effective Date.
Appears in 2 contracts
Samples: Service Agreement and Indemnity Combination Coinsurance Agreement (MetLife Insurance CO of Connecticut), Service Agreement and Indemnity Combination Coinsurance Agreement (MetLife Insurance CO of Connecticut)
Initial Coinsurance Reinsurance Premium. On the Effective Date, Ceding Company shall deliver to Reinsurer an estimated accounting as described in Section 5.01 calculated as of the Effective Date, and Ceding Company shall transfer an initial reinsurance premium ("Initial Coinsurance Reinsurance PremiumINITIAL COINSURANCE REINSURANCE PREMIUM") to Reinsurer on within 20 business days of the Effective Date in the form of cash and/or assets listed in Exhibit C with an estimated fair market value as of the Effective Date equal to the greater of the Net Coinsurance Reserve (including associated unamortized interest maintenance reserves)described described in Exhibit B.B and the fair value of the coinsured liabilities as calculated by the Ceding Company in accordance with generally accepted accounting principles as of the Effective Date.
Appears in 2 contracts
Samples: Service Agreement (Metlife of Ct Fund Ul Iii for Variable Life Insurance), Service Agreement and Indemnity Combination Coinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities)
Initial Coinsurance Reinsurance Premium. On the Effective Date, Ceding Company shall deliver to Reinsurer an estimated accounting as described in Section 5.01 calculated as of the Effective Date, and Ceding Company shall transfer an initial reinsurance premium ("βInitial Coinsurance Reinsurance Premium"β) to Reinsurer on the Effective Date in the form of cash and/or assets listed in Exhibit C with an estimated fair market value as of the Effective Date equal to the Net Coinsurance Reserve (including associated unamortized interest maintenance reserves)described reserves) described in Exhibit B.
Appears in 2 contracts
Samples: Reinsurance Agreement, Service Agreement (Hancock John Variable Life Account U)
