Experience Refund. At the end of each accounting period, the Company shall be obligated to the Corporation for an experience refund equal to the percentage hereinafter indicated of the amount, if any, by which the sum of the Company's quota share of the following Credits for the period exceeds the sum of the Company's quota share of the following Charges for the period.
Appears in 2 contracts
Sources: Modified Coinsurance Retrocession Agreement (Americo Life Inc), Modified Coinsurance Retrocession Agreement (Americo Life Inc)