Annuity Payments. Annuitizations under the terms of the Base Annuities will be treated as surrenders. The Reinsurer will reimburse the Ceding Company for Annuity Payments equal to the quota share percentage of the Annuities times the Cash Surrender Values of such Annuities as of the date of such annuitization. The Reinsurer will reimburse the Ceding Company for payments made pursuant to Rider guarantees as described in Paragraph 6 above.
Appears in 6 contracts
Samples: Reinsurance Agreement (Genworth Life & Annuity VA Separate Account 2), Reinsurance Agreement (Genworth Life of New York VA Separate Account 3), Reinsurance Agreement (Genworth Life of New York VA Separate Account 1)
Annuity Payments. Annuitizations under the terms of the Base Annuities will be treated as surrenders. The Reinsurer will reimburse the Ceding Company for Annuity Payments annuity payments equal to the quota share percentage Quota Share of the Annuities times the Cash Surrender Values cash value of such Annuities as of the date of such annuitization. The Reinsurer will reimburse annuitization for the Ceding Company for payments made pursuant to Rider guarantees as described in Paragraph 6 abovecurrent Accounting Period.
Appears in 1 contract
Samples: Reinsurance Agreement (PHL Variable Accumulation Account II)
Annuity Payments. Annuitizations under the terms of the Base Annuities will be treated as surrenders. The Reinsurer will reimburse the Ceding Company for Annuity Payments annuity payments equal to the quota share percentage Quota Share of the Annuities times the Cash Surrender Values cash values of such Annuities as of the date of such annuitizationannuitization for the current Accounting Period. The Notwithstanding the foregoing, such Annuities shall continue to be administered under this Agreement and the Reinsurer will reimburse shall be entitled to receive applicable portion of the Ceding Company Expense Allowance for payments made pursuant to Rider guarantees as described in Paragraph 6 aboveproviding such administrative services.
Appears in 1 contract
Samples: Reinsurance Agreement (PHL Variable Accumulation Account II)
Annuity Payments. Annuitizations under the terms of the Base Annuities will be treated as surrenders. The Reinsurer will reimburse the Ceding Company for Annuity Payments equal to the quota share percentage of the Annuities times the Cash Surrender Values cash surrender values of such Annuities as of the date of such annuitization. The Reinsurer will reimburse the Ceding Company for payments made pursuant to Rider guarantees as described in Paragraph paragraph 6 above.
Appears in 1 contract
Samples: Reinsurance Agreement (Separate Account a of Pacific Life Insurance Co)
