MONTHLY SETTLEMENTS. (a) At the end of each Accounting Period, the Cedent shall pay the Reinsurer the sum of: (i) Reinsurance Premium determined in accordance with Article II; and (ii) any Modified Coinsurance Reserve Adjustment payable to the Reinsurer determined in accordance with Article IV. (b) Simultaneously, the Reinsurer shall pay the Cedent the sum of: (i) Indemnification for Benefit Payments, determined in accordance with Article V; (ii) the Allowance determined in accordance with Article III; (iii) any Modified Coinsurance Reserve Adjustment payable to the Cedent determined in accordance with Article IV; and (iv) any Experience Refund determined in accordance with Article VI.
Appears in 13 contracts
Samples: Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Variable Annuity Account One)
