EEB CLAIM definition
EEB CLAIM means the REINSURED EEB NET AMOUNT AT RISK, if a positive value, as of the date that CEDING COMPANY calculates the EEB NET AMOUNT AT RISK under the terms of the applicable CONTRACT TYPE. REIMBURSEMENT DATE means 30 days after the later of the REMITTANCE DATE or the date that REINSURER receives a request for claim reimbursement from the CEDING COMPANY.
Examples of EEB CLAIM in a sentence
The REINSURER’S liability with respect to any GMDB CLAIM or EEB CLAIM will be determined by multiplying the RE1NSURED GMDB AMOUNT or the REINSURED EEB NET AMOUNT AT RISK by the proportion of the RETAIL ANNUITY PREMIUM invested in the disqualified funds to the total RETAIL ANNUITY PREMIUM.
The REINSURER’S liability with respect to any GMDB CLAIM or EEB CLAIM will be determined by multiplying the REINSURED GMDB AMOUNT or the REINSURED EEB NET AMOUNT AT RISK by the proportion of the RETAIL ANNUITY PREMIUM invested in the disqualified funds to the total RETAIL ANNUITY PREMIUM.