MetLife 2009 Annual Report Download - page 203

Connecticut State Insurance Law, the Connecticut Commissioner has broad discretion in determining whether the financial condition of a
stock life insurance company would support the payment of such dividends to its shareholders.
Under Delaware State Insurance Law, MTL is permitted, without prior insurance regulatory clearance, to pay a stockholder dividend to the
Holding Company as long as the amount of the dividend when aggregated with all other dividends in the preceding 12 months does not
exceed the greater of: (i) 10% of its surplus to policyholders as of the end of the immediately preceding calendar year; or (ii) its statutory net
gain from operations for the immediately preceding calendar year (excluding realized capital gains). MTL will be permitted to pay a dividend to
the Holding Company in excess of the greater of such two amounts only if it files notice of the declaration of such a dividend and the amount
thereof with the Delaware Commissioner of Insurance (the “Delaware Commissioner”) and the Delaware Commissioner does not disapprove
the distribution within 30 days of its filing. In addition, any dividend that exceeds earned surplus (defined as unassigned funds) as of the last
filed annual statutory statement requires insurance regulatory approval. Under Delaware State Insurance Law, the Delaware Commissioner
has broad discretion in determining whether the financial condition of a stock life insurance company would support the payment of such
dividends to its shareholders.
Under Rhode Island State Insurance Law, MPC is permitted, without prior insurance regulatory clearance, to pay a stockholder dividend to
the Holding Company as long as the aggregate amount of all such dividends in any twelve-month period does not exceed the lesser of: (i) 10%
of its surplus to policyholders as of the end of the immediately preceding calendar year; or (ii) net income, not including realized capital gains,
for the immediately preceding calendar year, which may include carry forward net income from the second and third preceding calendar years
excluding realized capital gains and less dividends paid in the second and immediately preceding calendar years. MPC will be permitted to
pay a dividend to the Holding Company in excess of the lesser of such two amounts only if it files notice of its intention to declare such a
dividend and the amount thereof with the Rhode Island Commissioner of Insurance (the “Rhode Island Commissioner”) and the Rhode Island
Commissioner does not disapprove the distribution within 30 days of its filing. Under Rhode Island State Insurance Code, the Rhode Island
Commissioner has broad discretion in determining whether the financial condition of a stock property and casualty insurance company would
support the payment of such dividends to its shareholders. MPC may not pay any dividends in 2010 without prior regulatory approval from the
Rhode Island Commissioner.
F-119MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)