Reports from the Reinsurer. (a) Each calendar month, the Reinsurer shall provide to the Ceding Company, by the relevant Capital Reporting Deadline, a calculation of the RBC Ratio of the Reinsurer as of the last day of the immediately preceding calendar month, (x) with respect to months other than the last month of a calendar year, based on the Reinsurer’s good faith estimate using, to the extent any factors are not reasonably available, amounts based on reasonable estimation and annualization and (y) with respect to the last month of a calendar year, as calculated by the Reinsurer. In addition, if the RBC Ratio of the Reinsurer as of any calendar month-end is below the amount described in clause (a) or clause (b), as applicable, of the definition of “FMV Triggering Event” herein and has been cured, the Reinsurer shall provide to the Ceding Company evidence that such shortfall has been cured by the applicable Capital Reporting Deadline. Each such calculation shall include reasonable supporting detail with respect to such calculation.
Reports from the Reinsurer. 1007933761v22
Reports from the Reinsurer. (a) Following the Transition Period and for so long as the Administrative Services Agreement remains in effect, the Reinsurer shall provide to the Ceding Company periodic accounting and other reports with respect to the Reinsured Contracts as specified in the Administrative Services Agreement. Except as otherwise set forth herein or in the Administrative Services Agreement, settlement with respect to amounts owed hereunder by the Reinsurer to the Ceding Company and by the Ceding Company to the Reinsurer shall be performed through the direct payment by the Reinsurer of Reinsured Risks and direct receipt by the Reinsurer of Additional Consideration on an ongoing basis in its capacity as the administrator under the Administrative Services Agreement.
Reports from the Reinsurer. (a) For so long as the Administrative Services Agreement remains in effect, the Reinsurer shall cause the Administrator to provide to the Ceding Company periodic accounting and other reports with respect to the Reinsured Policies and the Assumed Reinsurance Contracts as specified in the Administrative Services Agreement. Except as otherwise set forth herein or in the Administrative Services Agreement, settlement with respect to amounts owed hereunder by the Reinsurer to the Ceding Company and by the Ceding Company to the Reinsurer shall be performed through the direct payment by the Reinsurer (or its Affiliates) of Reinsured Liabilities and direct receipt by the Reinsurer (or its Affiliates) of Ceded Reinsurance Recoveries on an ongoing basis pursuant to the Administrative Services Agreement.
