Initial Ceding Commission. On April 1st, 2001, Reinsurer will pay an initial ceding commission of $13,330,384 to Reinsured as consideration for the business in force. This is Reinsured’s GAAP deferred acquisition cost asset balance for the ceded business as of April 1st, 2001.
Appears in 3 contracts
Sources: Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Retirement Builder Variable Annuity Account), Reinsurance Agreement (Separate Account Va X)