ACCOUNTING ITEMS. The accounts will contain a list of premiums due for the current accounting period, explain the reason for each premium payment, show premium subtotals adequate to use for premium accounting, including first year and renewal year premiums and allowances. The account information should provide the ability to evaluate retention limits, premium calculations and to establish reserves.
Appears in 17 contracts
Samples: Reinsurance Agreement (Minnesota Life Variable Life Account), Automatic and Facultative Yrt Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Thrivent Variable Life Account I)