Net Benefits definition

Net Benefits means the actual amounts paid or incurred by the Ceding Company with respect to the Policies for all surrenders, withdrawals (full and partial), death benefits, annuitizations, and payments on supplemental contracts, net of Excluded Liabilities.

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Net Benefits means the actual amounts paid or incurred by the Ceding Company with respect to the Policies.

Net Benefits means the present value of benefits less the present value of costs as defined in the cost-effectiveness test.

Examples of Net Benefits in a sentence

However, termination of this Agreement will not terminate the Reinsurer’s liability for Net Benefits paid or incurred by the Ceding Company on or after the Effective Date and prior to the date of termination.
However, termination of this Agreement will not terminate the Reinsurer's liability for Net Benefits prior to the date of termination.
Effective as of the Effective Date, the Company hereby recaptures from the Reinsurer one hundred percent (100%) of the Net Benefits (as such term is defined in the Reinsurance Agreement) arising under the policies set forth on Exhibit A hereto, whether arising before, on or after the Effective Date (the "Recaptured Business").
One-hundred percent (100%) of the Net Benefits, under all Policies will be reinsured with ALLSTATE.
The Reinsurer shall be liable for the Net Benefits associated with recapture amounts, as well as for other claims as specified in Article IV, for Extra-Contractual Obligations, each as incurred prior to the effective date of the recapture.

More Definitions of Net Benefits

Net Benefits shall have the meaning set forth in Article III of this Agreement.

Net Benefits means the incremental benefits resulting from DSM minus the incremental costs of DSM.

Net Benefits means the actual amounts paid or incurred by the Ceding Company with respect to the Policies for all death benefits and payments on supplemental benefits, net of Excluded Liabilities.

Net Benefits means the actual amounts paid or incurred by the Ceding Company with respect to the Policies for all surrenders, withdrawals (full and partial), death benefits, annuitizations, payments on supplemental contracts, endowment benefits, disability benefits, and benefits under accident and health policies, net of Excluded Liabilities.

Net Benefits means indirect and direct benefits less indirect and direct costs.

Net Benefits means the actual amounts paid or incurred by the Ceding Company, less any amounts payable to Ceding Company by another reinsurer with respect to the Policies for all surrenders, withdrawals (full and partial), death benefits, disability benefits, annuitizations, and payments on supplemental contracts, net of Excluded Liabilities.

Net Benefits means, as is more particularly defined in RCP Procedure 4 and adjusted pursuant to RCP Procedure 3, the cost savings that result from reducing the Dispatch of the MC-Facility pursuant to the RCA and RDA and determined by the product of (i) Mitigated Dispatch and (ii) the difference between COP and Coal Dispatch Displacement Cost.