EXPERIENCE ACCOUNT. A notional experience account (the “Experience Account”) shall be created by the Reinsurer as of the Experience Refund Commencement Date and shall be maintained until all obligations of the Reinsurer in respect of the Additional Assumed Policies under the Reinsurance Agreement have been satisfied or discharged in full. As of the Experience Refund Commencement Date, the balance of the Experience Account (the “Experience Account Balance”) shall be zero.
Appears in 2 contracts
Sources: Automatic Reinsurance Agreement (Fidelity & Guaranty Life), Automatic Reinsurance Agreement (Fidelity & Guaranty Life)