Asset Transfer. (a) As consideration for the reinsurance by the Reinsurer of the General Account Liabilities under this Agreement, on the Closing Date, the Reinsurer shall be entitled to an amount equal to one hundred percent (100%) of the General Account Reserves as of the close of business on the day immediately preceding the Inception Date (the “Initial Reinsurance Premium”).
Appears in 3 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co), Reinsurance Agreement (Genworth Financial Inc), Reinsurance Agreement (Genworth Financial Inc)
Asset Transfer. (a) As consideration for the reinsurance by the Reinsurer of the General Account Liabilities under this Agreement, on the Closing Date, the Reinsurer shall be entitled to an amount equal to one hundred percent (100%) of the General Account Reserves as of the close of business on the day immediately preceding the Inception Date (the “"Initial Reinsurance Premium”").
Appears in 2 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Iv), Reinsurance Agreement (Ge Capital Life Separate Account Ii)
