Initial Funds Withheld Balance. The Funds Withheld balance shall equal: a) The total of the reinsurance premiums due and payable to the Reinsurer in accordance with Sections 4.01 and 4.03; less b) the total of any benefits or losses or loss adjustment expenses payable by the Reinsurer in accordance with Section 4.03; less c) any expense allowances payable by the Reinsurer in accordance with Section 4.02; plus d) the Funds Withheld Investment Credit (as defined in Section 5.05); less e) any difference between the Funds Withheld Balance after taking into account adjustments, if applicable, in Sections 5.03(a) through 5.03(d) and the amount of statutory reserves on the business reinsured.
Appears in 4 contracts
Samples: Coinsurance Funds Withheld Reinsurance Agreement, Reinsurance Agreement (Symetra Financial CORP), Reinsurance Agreement (Symetra Financial CORP)
