Exhibit 10.21

EXECUTION VERSION

MONITORING AND REPORTING AGREEMENT

This MONITORING AND REPORTING AGREEMENT, dated as of March 31, 2016 (this
“Agreement”) is entered into by and among Primerica Life Insurance Company, a
Massachusetts life insurance company (“PLIC”) and Pecan Re Inc., a special
purpose financial insurance company organized under Section 6048f of Title 8 of
the Vermont Statutes Annotated (“Pecan Re”).

WHEREAS, PLIC and Prime Reinsurance Company, Inc., a special purpose financial
insurance company organized under Section 6048f of Title 8 of the Vermont
Statutes Annotated  (“Prime Re”), have entered into that certain 80% Coinsurance
Agreement, dated as of March 31, 2010, as amended, supplemented, novated or
otherwise modified from time to time (the “Coinsurance Agreement”);

WHEREAS, Prime Re has agreed to assign and transfer, and Pecan Re has agreed to
accept, by novation, the Coinsurance Agreement with the effect that Pecan Re
shall succeed to all rights, obligations, duties and liabilities of Prime Re
under the Coinsurance Agreement, and Pecan Re has agreed to accept such
assignment, transfer and novation;

WHEREAS, pursuant to such Coinsurance Agreement, as novated, PLIC, as the ceding
company, has agreed to cede to Pecan Re, and Pecan Re, as the reinsurer, has
agreed to assume from PLIC, certain liabilities relating to the term life
insurance policies being reinsured thereunder;

WHEREAS, the parties hereto recognize that, as an 80% quota share reinsurer,
Pecan Re has a substantial economic stake in the management and administration
of the Reinsured Policies and Covered Liabilities (as such terms are defined in
the Coinsurance Agreement);

WHEREAS, the parties agree that PLIC should have flexibility with respect to the
management, administration and financial performance of the Reinsured Policies
and Covered Liabilities in accordance with the Coinsurance Agreement; and

WHEREAS, the parties have nevertheless agreed that Pecan Re shall have the right
to monitor the management, administration and financial performance of the
Reinsured Policies in accordance with this Agreement.

NOW, THEREFORE, in consideration of the respective covenants, agreements,
representations and warranties of the parties herein contained in the
Coinsurance Agreement and for other good and valuable consideration (the receipt
and sufficiency of which are hereby acknowledged by each of the parties), the
parties agree as follows:

--------------------------------------------------------------------------------

ARTICLE i

MONITOR

Section 1.01 For so long as Swiss Reinsurance Company Ltd, a reinsurance company
organized under the laws of Switzerland or any of its affiliates (“Parent”)
remains the ultimate controlling company of Pecan Re, PLIC shall allow Pecan Re
and any reasonable number of counsel, financial advisors, accountants, actuaries
and other representatives of Pecan Re, reasonable access, upon reasonable
advance notice and during normal business hours to the facilities, documents,
information, auditors, actuaries, outside advisors and relevant personnel of
PLIC related to the management, administration and financial performance of the
Reinsured Policies and Covered Liabilities.  Such individual (or individuals)
representing Pecan Re shall be referred to herein as a “Monitor”. Pecan Re shall
ensure that a Monitor, in performing his or her duties, shall not disrupt the
normal operations of PLIC in any material respect.  Notwithstanding the
foregoing or any other provision of this Agreement, PLIC shall not be obligated
to provide such access to any facilities, documents, information, auditors,
actuaries, outside advisors and relevant personnel of PLIC to the extent that
doing so would violate applicable law or any contractual obligation of
confidentiality or jeopardize the protection of an attorney-client privilege;
provided that, in any such circumstance, the parties will cooperate in good
faith to determine a manner in which information can be shared so as to not
violate applicable law or a contractual obligation of confidentiality or
jeopardize the protection of an attorney-client privilege, as applicable.

Section 1.02 All costs and expenses associated with the Monitor or the
activities of the Monitor shall be borne by Pecan Re; provided, however, Pecan
Re shall only reimburse PLIC for any reasonable out-of-pocket costs that PLIC
incurs in providing assistance to the Monitor in connection with this Agreement.

Section 1.03 Subject to the provisions of Section 2.01, PLIC shall use
reasonable best efforts to assist and cooperate with the Monitor in providing
access to the relevant experience data, books, records, documents, information
and relevant personnel of PLIC related to the Reinsured Policies and Covered
Liabilities.

ARTICLE ii

ACCESS

Section 2.01 In no event shall any Monitor have access to any portion of PLIC’s
Network; provided, however, this Section 2.01 shall not be construed in any way
whatsoever to (i) supersede the rights of the parties pursuant to the access to
books and records provisions contained within Article XII of the Coinsurance
Agreement or (ii) limit the Monitor’s access in any way whatsoever to the data
in the Network.  “Network” shall mean PLIC’s information technology systems (or
such systems of a third party operated on behalf of PLIC), including all data
they contain and all computer software and hardware related to the Reinsured
Policies and Covered Liabilities.  

Section 2.02 When a Monitor is at PLIC’s facilities, he or she shall comply with
all generally applicable policies, procedures and regulations of PLIC, to the
extent that such policies, procedures and regulations have been disclosed to
Pecan Re or such Monitor.

Section 2.03 When any Monitor enters or is within PLIC’s premises, such Monitor
must establish his or her identity to the satisfaction of security personnel and
comply with all security directions given by them, including directions to
display any identification cards provided by PLIC.

ARTICLE iii

FINANCIAL AND MONITORING REPORTS

Section 3.01 For so long as Parent remains the ultimate controlling company of
Pecan Re, within twenty (20) business days after the end of each calendar month,
PLIC shall provide Pecan Re with the reports specified on Schedule A attached
hereto, in each case in such format as utilized by PLIC at such time.

2

--------------------------------------------------------------------------------

Section 3.02 For so long as Parent remains the ultimate controlling company of
Pecan Re, within twenty (20) business days after the end of each calendar
quarter, PLIC shall provide Pecan Re accurate and complete copies of the
following: (i) the Quarterly Lapse Report and (ii) the Quarterly Mortality
Report in each case in such format as utilized by PLIC at such time and as it
relates to the business ceded to Pecan Re.

Section 3.03 For so long as Parent remains the ultimate controlling company of
Pecan Re, in addition to the reports described in Section 3.01 and 3.02 hereto,
the parties hereto agree that PLIC shall provide Pecan Re copies of any other
reports that are produced by PLIC or may reasonably be produced by PLIC relating
to the Reinsured Policies and/or Covered Liabilities which Pecan Re, in its
reasonable discretion, determines are reasonably necessary for its review.

ARTICLE iv

CONFIDENTIALITY

Section 4.01 In performing its monitoring rights under this Agreement, Pecan Re
will comply (and will cause all Monitors to comply) with the terms and
conditions of Section 21.11 of the Coinsurance Agreement regarding Confidential
Information (as defined therein).

ARTICLE v

TERMINATION

Section 5.01 This Agreement shall remain in effect until the earlier to occur of
(i) the termination of the Coinsurance Agreement or (ii) Parent no longer being
the ultimate controlling company of Pecan Re.

ARTICLE vi

MISCELLANEOUS

Section 6.01 Pecan Re shall indemnify and hold PLIC, its affiliates and their
directors, officers, employees and successors (the “PLIC Indemnified Party”)
harmless against any damages, costs and out-of-pocket expenses (including
reasonable attorneys’ fees) arising from or in connection with (a) Pecan Re’s or
any Monitor’s breach of its confidentiality obligations hereunder, (b) Pecan
Re’s or any Monitor’s violation of applicable law in connection with this
Agreement, or the information or access provided pursuant to this Agreement, (c)
any negligent or intentional misconduct of Pecan Re or any Monitor in connection
with any monitoring permitted or access provided under this Agreement or (d)
injury to or death of any person, or loss of or damage to tangible property, to
the extent caused by the Pecan Re or any Monitor.

Section 6.02 This Agreement shall bind and inure to the benefit of and be
enforceable by the parties hereto and their respective successors and
assigns.  This Agreement may not be assigned by the parties hereto without the
requirement of the consent of the other party, which consent shall not be
unreasonably withheld, delayed or conditioned.

Section 6.03 This Agreement shall be governed by and construed in accordance
with the internal laws of the Commonwealth of Massachusetts, without regard to
the choice of law principles thereof.

Section 6.04 This Agreement may not be amended without the prior written consent
of all parties hereto.  This Agreement may be executed in one or more
counterparts, each of which together shall be deemed an original, but all of
which together shall constitute one and the same instrument.

[Signature pages follow]

 

 

3

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.

 

 

 

PECAN RE INC.

 

 

 

 

 

 

 

By:

 

/s/ Brian Lo

 

 

Name:

 

Brian Lo

 

 

Title:

 

President

 

 

 

 

 

 

 

By:

 

/s/ John Gribbon

 

 

Name:

 

John Gribbon

 

 

Title:

 

Sr. Vice President and CFO

 

 

 

 

 

 

 

PRIMERICA LIFE INSURANCE COMPANY

 

 

 

 

 

 

 

By:

 

/s/ Dan Settle

 

 

Name:

 

Dan Settle

 

 

Title:

 

Executive Vice President

 

 

[Signature Page to Monitoring and Reporting Agreement]

--------------------------------------------------------------------------------

 

SCHEDULE A

MONTHLY OPERATIONAL REPORTS

1.

Communication Research Statistics

2.

Cancellation Service Complaints Summary

3.

Complaint Written

4.

Client Communications Statistics

5.

Replacements

6.

End of Term (“EOT”) Bonus Funding

7.

EOT Bonus

8.

EOT Expectations

9.

EOT Continued

10.

Policy Owner Service (“POS”) Statistics

11.

EOT POS

12.

EOT Converted

13.

EOT Terminated

14.

POS/EOT Turndowns

15.

Policy Owner Administration Statistics

16.

POS Volumes

17.

End of Term

18.

Claims Statistics

19.

Aging Analysis from Notice of Claim

20.

Compromised/Denied Claims

21.

Time in Process

22.

TIAB Claim Count

23.

TIAB Outstanding

24.

Waiver Claim Statistic

MONTHLY FINANCIAL REPORTS

1.

Policy and Claim Reserve Recon to GL

2.

N’Vision Report

3.

Settlement Statement

4.

Monthly Manual Deal Entries

5.

GL Interface file

6.

Reinsurance Recoverables Aging Report

7.

Pending Litigation Claims Report

8.

Seriatim Transaction File

QUARTERLY FINANCIAL REPORTS

1.

Frozen Reserves Manual Entries

2.

Seriatim Valuation File

3.

Waiver of Premium Claim Inventory Including Future Premiums to be Waived

4.

Recoverable Action Plan

OTHER REPORTS

1.

All reports and notices listed in Article VIII of the Coinsurance Agreement
(without duplication of any obligations under such Article VIII)

 

 

 

 

--------------------------------------------------------------------------------

 

Swiss Re Reinsurance

Manual Expense Allowance

[•]

 

Section 4.2 Allowances

 

DL01

 

 

[•]

MSCWPE2--1 Policy Exhibit

 

 

Beginning Direct inforce [first day of applicable month]

 

[•]

Ending Direct inforce [last day of applicable month]

 

[•]

Avg Direct Inforce

 

[•]

 

 

 

* Expense Allowance @ 100%

 

[•]

Expense Allowance @ Deal %

 

[•]

 

 

 

Annual Expense Allowance

 

[•]

Monthly Expense Allowance (1/12)

 

[•]

 

 

 

Section 4.3 Other Obligations

 

DL01

 

 

[•]

(i) Other obligations

 

 

MSCWRA1-1 Settlement Rpt (CO9999 for DL02)

 

 

Direct Premiums [applicable month]

 

[•]

** Premium Tax Rate

 

[•]

Premium taxes Incurred

 

[•]

 

 

DL01

 

 

[•]

(ii) Other obligations

 

 

# EOT Policy Conversions

 

[•]

** Allowance

 

[•]

Total EOT Conversion Allowance

 

[•]

EOT Conversion Allowance per Deal%

 

[•]

 

 

DL01

 

 

[•]

(iv) Other obligations

 

 

U/W expenses on Reinstatements

 

[•]

Reinstatement U/W Expenses per Deal %

 

[•]

 

 

DL01

 

 

[•]

(iii) Other obligations

 

 

Conversion Bonus

 

[•]

Continuation Bonus

 

[•]

Total EOT Bonus

 

[•]

Bonus Funding Valn

 

[•]

 

 

 

Legacy Total

 

[•]

 

 

 

Commission Adj Per Deal %

 

[•]

 

[•]

*

Expense Allowance Rate for DLO1/DLO4/DL03 is adjusted annually in January.

*

Expense Allowance Rate for DLO2 is adjusted annually in March. See 'Expense

**

Per the coinsurance agreements, these rates do not change.

 

Prepared By:

 

 

 

Reviewed By:

 

 

Date:

 

 

 

Date:

 

 

 

 

 

--------------------------------------------------------------------------------

 

Swiss Re Reinsurance Top Up Notice

 

 

 

As of

[•]

 

 

Pecan Re 80%

DL01

Reserve Report

 

 

Direct Reserves

 

[•]

Ceded Reserves

 

[•]

 

 

-

Direct Pending

 

[•]

Ceded Pending

 

[•]

Recoverables

 

[•]

 

 

—

 

 

 

Economic Reserve

 

—

Excess Reserve

 

—

Reserve Report

 

—

 

 

 

 

 

 

 

 

 

Required Reserve Balance

 

—

 

 

 

Security Balance as of [•]

 

 

Fair Value of Trust

 

[•]

Fair Value of Economic Trust

 

—

Fair Value of Excess Trust

 

—

 

 

 

 

 

 

Over/(Under) funded: Security Balance minus Required Reserve Balance

 

 

-10% Economic Reserve

 

—

-10% Excess Reserve

 

—

Over/(Under) funded

 

—

 

 

 

 

 

 

102% of Required Reserves Balance

 

 

Economic Reserve

 

—

Excess Reserve

 

—

 

 

—

 

 

 

Excess Security Balance in Trust:

 

 

Economic Trust > Economic Reserve

 

—

Excess Trust > Excess Reserve

 

—

Security Balance minus 102% of Required Reserve Balance (105% for FRAC)

 

—

 

 

 

 

 

—

 

 

 

 

--------------------------------------------------------------------------------

 

PLIC - Pecan Re

Settlement Statement

[●], YTD

 

 

 

 

 

 

 

 

 

 

if<= current month, 1

if<= current

month, 1

if<= current month, 1

if<= current month, 1

if<= current month, 1

if<= current month, 1

if<= current month, 1

if<= current month, 1

if<= current month, 1

if<= current month, 1

if<= current month, 1

 

 

 

 

 

 

 

 

 

 

1

1

1

1

1

1

1

1

1

1

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4 wks)

(5 wks)

(4 wks)

(4 wks)

(5 wks)

(4 wks)

(4 wks)

(5 wks)

(4 wks)

(4 wks)

(5 wks)

 

 

 

 

 

 

 

 

 

 

January

February

March

April

May

June

July

August

September

October

November

YTD

 

 

 

 

 

 

 

 

 

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

DL01 - 80%

 

Due

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business

to/from

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unit

Account

 

 

 

 

 

 

Description

Amount Due

Amount Due

Amount Due

Amount Due

Amount Due

Amount Due

Amount Due

Amount Due

Amount Due

Amount Due

Amount Due

Amount Due

 

 

9.2 BU

Book

Code

Deal Id

Prod

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to/from PR20 Cash ledger

 

 

 

 

 

 

 

 

 

 

 

 

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

Direct Premiums

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

Direct Claims

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

ETPR Claims

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

 

 

 

 

 

 

 

 

ETPR Premiums Monthly True Up & Manual Premiums

 

 

 

 

 

 

 

 

 

 

 

 

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

Prior Month Accrual Deal

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

[•]

[•]

[•]

[•]

[•]

[•]

 

 

Current Month Cash Deal

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

 

 

 

 

 

 

 

 

 

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

[•]

[•]

[•]

[•]

[•]

 

 

Manual Premium Pmts(FAC, Term)

 

 

-

—

—

—

—

—

—

—

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Expense Allowance

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Premium Tax Allowance

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Premium Tax Recovered

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Conversion Allowance

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Reinstatement U/W Expense

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

 

 

 

 

 

 

 

 

Commissions

 

 

 

 

 

 

 

 

 

 

 

 

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Bonus Funding, EOT Bonus

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

ICA Comm Exp

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Lf 1 yr Com

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Lf Ren Com

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Commission Allowance

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

[•]

 

[•]

[•]

[•]

[•]

[•]

 

Lf 1Yr Comm-Re-Ced

 

 

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

 

Scottish Re's & Canada Life's reprocessed IBR's

 

 

 

 

 

 

 

 

 

 

 

 

[•]

 

[•]

[•]

[•]

[•]

[•]

 

(PSR/PCR)

 

 

 

 

 

 

 

 

 

 

 

—

[•]

[•]

[•]

[•]

[•]

[•]

 

 

 

—

—

—

—

—

—

—

—

—

—

—

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Due to/from PR20 Cash ledger

 

 

 

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to/from PR2G Accrual ledger

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ETPR Premiums (excluding Frozens)

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

 

 

 

 

 

 

 

 

Frozen Release ETPR Premiums

-

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

[•]

[•]

[•]

[•]

[•]

[•]

[•]

 

ETPR Premiums – Monthly accrual

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Amount Due to Pecan Re

 

 

 

 

 

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

[•]

—

 

 

 

 

--------------------------------------------------------------------------------

 

 

Coinsurance Agreement

Article VIII Section 8.1 & 8.2

 

Primerica Report ID / Name

 

File 1

 

Report ID

 

Report Name

 

[•]

Monthly Settlement Report

 

SCWRA1 --1

 

Monthly Settlement Report

 

✓

Policy Exhibit

 

SCWPE2 --1

 

Exhibit of Life Insurance

 

✓

 

SCWPE3 --1

 

Policy Exhibit Errors

 

✓

 

 

 

 

 

 

 

Non-Bordereau Claims Report

 

SCWRA4 --1

 

Bulk Claim

 

✓

Bordereau Report

 

SCWRA4 --2

 

NonBulk Claim

 

✓

Reserve Report

 

SCWRA3 -- 1

 

Monthly Reserve Report

 

✓

Claim Reserve Report

 

SCWRA2 -- 1

 

Claim Reserve Report

 

 

 

SCWRA4 --3

 

Detail Pending Claims and Recoverables

 

 

Monthly Account Balance Reports

 

PSP419-MP

 

Pecan Re General Ledger Summary

 

✓

Top-Up Notice

 

PDF

 

Top Up Notice

 

✓

 

 

SCWR07 --1

 

Monthly Settlement Report - Peoplesoft Ledger Balance

 

✓

 

 

SCWR07 -- 2

 

Claim Reserve Report - Peoplesoft Ledger Balance

 

✓

 

 

SCWR07 -- 3

 

Monthly Reserve Report - Peoplesoft Ledger Balance

 

✓

 

 

PDF

 

Policy and Claim Reserve Recon to GL

 

✓

 

 

Excel

 

N'Vision Report: Pecan Re

 

✓

 

 

PDF

 

Settlement Statements - Pecan Re

 

✓

 

 

PDF

 

Monthly Manual Deal Entries

 

✓

 

 

Excel

 

GL Interface file

 

✓

 

 

PDF

 

Reinsurance Recoverables Aging Report

 

✓

 

 

PDF

 

Pending Litigation Claims Report

 

✓

 

 

 

 

 

 

 

 

 

System Generated Report - not available in Excel/Word format

 

 

 

 

Attached Excel Version of this report

 

 

 

 

Report provided in an Excel version already. Re-attached this report

 

 

 

--------------------------------------------------------------------------------

 

 

 

 

Report ID

 

Report Name

 

 

 

 

 

Coinsurance AgreementArticle VIII Section 8.1 & 8.2

Monthly Settlement Report

 

SCWRA1 --1

 

Monthly Settlement Report

Policy Exhibit

 

SCWPE2 -- 1

 

Exhibit of Life Insurance

 

SCWPE3--1

 

Policy Exhibit Errors

Non-Bordereau Claims Report

 

SCWRA4 --1

 

Bulk Claim

Bordereau Report

 

SCWRA4 -- 2

 

NonBulk Claim

Reserve Report

 

SCWRA3 --1

 

Monthly Reserve Report

Claim Reserve Report

 

SCWRA2 -- 1

 

Claim Reserve Report

 

 

SCWRA4 -- 3

 

Detail Pending Claims and Recoverables

Monthly Account Balance Reports

 

PSP419

 

General Ledger Summary-USD

 

 

PSP419

 

General Ledger Summary-CAD

Top-Up Notice

 

PDF

 

Top Up Notice (required quarterly)

 

 

 

 

 

Additional Reports provided

 

 

 

 

 

 

PDF

 

Settlement Statements - Pecan Re & Experience Refund - Pecan Re

 

 

SCWR07 --1

 

Monthly Settlement Report - Peoplesoft Ledger Balance

 

 

SCWR07 -- 2

 

Claim Reserve Report - Peoplesoft Ledger Balance

 

 

SCWR07 --3

 

Monthly Reserve Report - Peoplesoft Ledger Balance

 

 

PDF

 

Monthly Manual Deal Entries & Support (Expense Allowance, End of Term & Reinst
U/W Expense detail)

 

 

Excel

 

N’Vision Report: Pecan Re

 

 

PDF

 

Policy and Claim Reserve Recon to GL

 

 

Excel

 

GL Interface file

 

Total 26 files

 

Manic Lefebvre

 

manic lefebvre@swissre.com

[•]

 

[•]

[•]

 

[•]

[•]

 

[•]

 

 

 

 

--------------------------------------------------------------------------------

 

[•]

PRIMG&SB

SWISS RE REINSURANCE PECAN RE GAAP & STAT

Run: [•]

 

 

 

Pecan Re GAAP

 

 

Pecan Re STAT

 

 

DL01: 80%

 

 

DL01: 80%

 

 

 

 

PR20

 

PR2G

 

PR2GG

 

Pecan Re_GP

 

 

PR20

 

PR2G

 

PR2S

 

Pecan Re_St

8.4 Business Unit

 

Pecan

 

Pecan

 

Pecan

 

 

 

 

Pecan

 

Pecan

 

Pecan

 

 

9.2 Deal ID

 

Pecan80

 

Pecan80

 

Pecan80

 

 

 

 

Pecan80

 

Pecan80

 

Pecan80

 

 

9.2 Book Code

 

Base

 

Comb

 

GAAP

 

Total

 

 

Base

 

Comb

 

STAT

 

Total

9.2 Product

 

Uncons

 

Uncons

 

Uncons

 

GAAP

 

 

Uncons

 

Uncons

 

Uncons

 

STAT

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intercompany Legacy

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Premium Due and Unpaid

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Due From Rein-UW and Other

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Reinsurance Recoverable

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Ceded Pending

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Ceded Reserves

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Direct Pending

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Direct Reserves

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Due to Affiliates

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Deferred ACQ Cost (DAC)

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Total Assets

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Future Policy Benefits - Life

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Direct Pending Claims

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Accrued Taxes Licenses Fees

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Cost of Collection

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Advance Premium

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Due to Reinsurers

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Commissions Payable

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Total Liabilities

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Net Income

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Paid in Capital

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Retained Earnings

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Total Equity

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Total Liabilities & Equity

 

 

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premium

 

 

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Total Revenue

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Claims - Life

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Change In Reserve - Life

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Total Benefits

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Commission & Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions - Net

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Amortization of DAC

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Allowances

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Legal Settlements

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Total Commisions & Expenses

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Total Benefit, Commissions & Expenses

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

Net Income

 

[•]

 

[•]

 

[•]

 

[•]

 

 

[•]

 

[•]

 

[•]

 

[•]

 

 

 

 

 

 

 

--------------------------------------------------------------------------------

 

Prepared  By:

 

 

 

 

 

Approved  By:

 

 

[•]

 

Policy Reserves:

 

Direct

Reserves

 

ETPR

Reserves

 

Net

 

 

Total Reserves

 

 

 

 

 

 

 

 

 

 

DL01: PLIC 80% SCWRA3-1 balance

 

[•]

 

[•]

 

 

 

 

DL01 Σ (A) -

Manual Adjustments:

 

 

 

 

 

 

 

 

 

DIS Monthly Inc./Stat Errors

 

[•]

 

[•]

 

 

 

 

 

Adj. to [year] waiver clms-Lx

 

[•]

 

[•]

 

 

 

 

 

Frozen Stat Reserves - Coin @ 80%

 

[•]

 

[•]

 

 

 

 

 

Frozen Stat Reserves Qsyrt @ 80%

 

[•]

 

[•]

 

 

 

 

 

CTR & Spouse Conversions incorrectly ceded to Citi

 

[•]

 

[•]

 

 

 

 

 

Adjusted Rsrv Balance:

 

—

 

—

 

—

 

 

(A)

 

General Ledger: PSP030

 

B.U.

 

Deal ID

 

Book Code

 

 

Product

8.4 BU: PR2S

 

PrmRe

 

PrmRe80

 

stat

 

 

uncons

200109-FPB Reserves SW Asmd

 

[•]

 

 

 

 

 

 

 

200119-Waiver Reserve SW Asmd

 

[•]

 

 

 

 

 

 

 

141213-ETPR COI Reserves Frzn SW Asmd

 

 

 

 

 

 

 

 

 

141218-ETPR  YRT  Reserves  Frzn SW  Asmd

 

 

 

[•]

 

 

 

 

 

141207-ETPR COI Reserves SW Asmd

 

 

 

[•]

 

 

 

 

 

141203-ETPR YRT Reserves SW Asmd

 

 

 

[•]

 

—

 

 

 

 

 

—

 

—

 

—

 

 

 

 

 

—

 

—

 

—

 

 

 

[•]

 

Claim Reserves

 

Direct Pending

 

ETPR Pending

 

ETPR Recoverables

 

Net

 

 

 

 

 

 

 

 

 

DL01: PLIC 80% SCWRA2-1 balance

 

[•]

 

[•]

 

[•]

 

 

Manual Adjustments:

 

 

 

 

 

 

 

 

IBNR - Direct

 

[•]

 

 

 

 

 

 

SSAP 55 (stat only adj)

 

[•]

 

 

 

 

 

 

IBNR - Coin

 

 

 

[•]

 

 

 

 

IBNR - Qsyrt

 

 

 

[•]

 

 

 

 

Clm Accrl

 

—

 

 

 

 

 

 

CTR & Spouse Conversions incorrectly ceded to Citi

 

[•]

 

[•]

 

 

 

 

Adjusted Claim Rsrv:

 

—

 

—

 

—

 

— (A)

 

 

 

 

 

 

 

 

 

General Ledger: PSP030

 

B.U.

 

Deal ID

 

Book Code

 

Product

8.4 BU: PR2G 201202-Direct Pending Claims SW Asmd

 

PrmRe

 

PrmRe80

 

stat

 

uncons

PR2G 201213-Direct IBNR SW Asmd

 

[•]

 

 

 

 

 

 

PR2S 201213-Direct IBNR SW Asmd

 

[•]

 

 

 

 

 

 

PR2G 140803-ETPR Pending Clms YRT SW Asmd

 

[•]

 

 

 

 

 

 

PR2G 140813-ETPR YRT IBNR SW Asmd

 

 

 

[•]

 

 

 

 

PR2G 140807-ETPR Pending Clms COI SW Asmd

 

 

 

[•]

 

 

 

 

PR2G 140818-ETPR COI IBNR SW Asmd

 

 

 

[•]

 

 

 

 

PR2G 140823-ETPR Reins Recov Adj SW Asmd

 

 

 

 

 

—

 

 

PR2G 140603-ETPR Reins Recov YRT SW Asmd

 

 

 

 

 

[•]

 

 

PR2G 140607-ETPR Reins Recov COI SW Asmd

 

 

 

 

 

[•]

 

 

 

 

—

 

—

 

—

 

—

 

 

—

 

—

 

—

 

—

 

 

--------------------------------------------------------------------------------

 

 

PFS_REINS_C

 

107

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Period Unit

 

Deal

 

Product

 

Book Code

 

Account

 

Sum Amount

 

Base Curr

[•]

 

11

 

[•]

 

[•]

 

[•]

 

[•]

 

[•]

 

USD

[•]

 

11

 

[•]

 

[•]

 

[•]

 

[•]

 

[•]

 

USD

 

PFS_REINS

 

117

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Period Unit

 

Deal

 

Product

 

Book Code

 

Account

 

Sum Amount

 

Base Curr

[•]

 

11

 

[•]

 

[•]

 

[•]

 

[•]

 

[•]

 

USD

[•]

 

11

 

[•]

 

[•]

 

[•]

 

[•]

 

[•]

 

USD