TRIAL EXPERIENCE REFUND. With respect to each Accounting Period, the "Trial Experience Refund" for any Reinsurer shall be equal to (a) minus (b) minus (c), where: (a) equals the sum of: (i) the 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) equals the sum of: (i) the Indemnification for Benefit Payments, determined in accordance with Article V; (ii) the Allowance determined in accordance with Article III; and (iii) any Modified Coinsurance Reserve Adjustment payable to the Ceding Company determined in accordance with Article IV; and (c) equals the Recapture Charge defined in Article IX, Paragraph 5 as of the end of the prior Accounting Period plus interest as described in Article IX, Paragraph 5(b)(i).
Appears in 8 contracts
Samples: Reinsurance Agreement (Metlife Investors Usa Separate Account A), Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Variable Annuity Account One)
TRIAL EXPERIENCE REFUND. With respect to each Accounting Period, the "Trial Experience Refund" for any Reinsurer shall be equal to (a) minus (b) minus (c), wherein which:
(a) equals the sum of:
(i) the 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) equals the sum of:
(i) the Indemnification for Benefit Payments, determined in accordance with Article V;
(ii) the Allowance determined in accordance with Article III; and
(iii) any Modified Coinsurance Reserve Adjustment payable to the Ceding Company determined in accordance with Article IV; and
(c) equals the Recapture Charge defined in Article IX, Paragraph 5 as of the end of the prior Accounting Period plus interest as described in Article IX, Paragraph 5(b)(i).
Appears in 5 contracts
Samples: Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (First Metlife Investors Variable Annuity Account One)
TRIAL EXPERIENCE REFUND. With respect to each Accounting Period, the ----------------------- "Trial Experience Refund" for any Reinsurer shall be equal to (a) minus (b) minus (c), wherein which:
(a) equals the sum of:
(i) the 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) equals the sum of:
(i) the Indemnification for Benefit Payments, determined in accordance with Article V;
(ii) the Allowance determined in accordance with Article III; and
(iii) any Modified Coinsurance Reserve Adjustment payable to the Ceding Company determined in accordance with Article IV; and
(c) equals the Recapture Charge defined in Article IX, Paragraph 5 as of the end of the prior Accounting Period plus interest as described in Article IX, Paragraph 5(b)(i).
Appears in 1 contract
Samples: Reinsurance Agreement (First Metlife Investors Variable Annuity Account One)
