Common use of Accounting Report Clause in Contracts

Accounting Report. The Ceding Company will administer, or cause the administration of, the Covered Insurance Policies and cause periodic accountings with respect thereto. Within thirty (30) days of the last day of each Accounting Period, the Ceding Company shall provide to the Reinsurer a statement in the form as set forth in Exhibit B hereto (the "Accounting Report"), setting forth, among other things, as of and for the period ending on the last day of such Accounting Period, the following information: Reinsured Liabilities, Recoverables, the Required Balance, the Fair Market Value of the Modified Coinsurance Assets, the Modified Coinsurance Reserves and the Modified Coinsurance Adjustment. All reports, remittances and payments due to or from a Party hereto shall be made in accordance with the procedures set forth herein.