再保险协议(英文

再保险协议(英文内容摘要：

ting Period, the Trial Experience Refund for any Reinsurer will be equal to (a) minus (b), where: (a) equals the sum of: (i) the Renewal 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。 and (b) equals the sum of: (i) the Reimbursement for Benefit Payments, determined in accordance with Article V。 (ii) the Allowance determined in accordance with Article (iii) any Modified Coinsurance Reserve Adjustment payable to MetLife determined in accordance with Article IV。 (iv) the Expense and Risk Charge determined in accordance with Paragraph 2 of the Reinsurer39。 s Certificate。 and (v) the balance of the Memorandum Account, as described in Article VII, Paragraph 9, at the end of the preceding Accounting Period, with accrued interest thereon. ARTICLE VII. ACCOUNTING AND SETTLEMENTS 1. Accounting Period. Each Accounting Period under this Agreement will be quarterly, except that: (a) the initial Accounting Period runs from the date of this Agreement through the last day of the calendar quarter during which the date of this Agreement falls, and (b) the final Accounting Period runs from the end of the preceding Accounting Period until the Terminal Accounting Date of this Agreement, as described in Article IX, Paragraph 2. 2. Quarterly Accounting Reports. MetLife shall submit quarterly accounting reports in the form of Schedule G to each Reinsurer for each Accounting Period not later than fortyfive (45) days after the end of each Accounting Period. Such reports will include information on the amount of the Initial Reinsurance Premium, Renewal Reinsurance Premium, the Allowance, Benefit Payments, Experience Refund, Expense and Risk Charge, Memorandum Account, Modified Coinsurance Reserve, Modified Coinsurance Reserve Investment Credit, Policy cash value, and the market and book value of the Asset Portfolio. 3. Quarterly Settlements. (a) At the end of each Accounting Period, MetLife will pay each Reinsurer the sum of: (i) Renewal 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 will pay MetLife the sum of: (i) Reimbursement for Benefit Payments, determined in accordance with Article V。 (ii) the Allowance determined in accordance with Article (iii) Any Modified Coinsurance Reserve Adjustment payable to MetLife determined in accordance with Article IV。 and (iv) Any Experience Refund determined in accordance with Article VI. 4. Amounts Due Quarterly. Except as otherwise specifically provided in this Agreement, all amounts due to be paid to either MetLife or each Reinsurer under this Agreement will be determined on a basis at the end of each Accounting Period. Net amounts due the Reinsurer will be payable within sixty (60) days after the end of each Accounting Period. Net amounts due MetLife will be payable fifteen (15) days after the receipt of the quarterly accounting report with respect to such Accounting Period. 5. Annual Accounting Reports. MetLife will provide annual accounting reports to the Reinsurers within fortyfive (45) days after the end of the calendar year for which such reports are prepared. These reports will contain sufficient information about the Policies to enable each Reinsurer to prepare its annual financial reports and to verify the information reported in Schedule G, and will include Exhibit 8 (Aggregate Reserve for Life Policies and Contracts) by reserve basis, Page 7 (Analysis of Increase in Reserves and Deposit Funds During the Year), Pages 2425 (Exhibit of Life Insurance), Schedule S of the Annual Statement and the RiskBased Capital report. 6. Estimations. If the amounts required in Paragraph 3 above cannot be determined by the dates described in Paragraph 4 above, on an exact basis, such amounts will be estimated in accordance with reasonable actuarial methods that will approximate the actual amounts. Adjustments to payments based upon such estimates will then be made to reflect actual amounts when such amounts bee available. 7. Delayed Payments. For purposes of Paragraph 4 above, if there is a delayed settlement of a payment due, interest will be payable for the number of days from the due date through the date paid, at an annualized rate equal to the sum of (i) the one month London Interbank Offered Rate (LIBOR) as published by The Wall Street Journal at the end of the Accounting Period plus (ii) 100 basis points. 8. Offset of Payments. All monies due either MetLife or a Reinsurer under this Agreement will be offset against each other, dollar for dollar, regardless of any insolvency of either party. 9. Memorandum Account. Should the settlement formula described in Paragraph 3 above, produce an amount due MetLife, the Reinsurer will pay such amount in cash or its equivalent within fifteen (15) days after the quarterly accounting report is received by the Reinsurer. Solely for the purpose of calculating Trial Experience Refunds, the Terminal Settlement and any Supplementary Settlement as defined herein, each Reinsurer will establish a Memorandum Account in which such amounts paid to MetLife and all future such payments will accrue with interest at the Memorandum Account Rate described in Paragraph 10 below. The balance of the Memorandum Account at the beginning of any Accounting Period will equal absolute value of any negative Trial Experience Refund determined in accordance with Article VI, Paragraph 3, for the preceding Accounting Period. These losses, and accrued interest thereon, will be carried forward to subsequent Accounting Periods and will be a deduction item in the calculation of future Trial Experience Refunds in accordance wi。