Common use of ACCOUNTING SERVICES, FINANCIAL STATEMENTS AND TAX RETURNS Clause in Contracts

ACCOUNTING SERVICES, FINANCIAL STATEMENTS AND TAX RETURNS. The Manager will perform services appropriate to the Company's operations and provide all accounting services required for purposes of accounting for the results of its business operations. The Manager will prepare all of the Company's financial statements required for filing with regulatory authorities, including statutory financial statements as required under the applicable insurance code or by an applicable insurance bureau. The Manager will perform these services in a manner and at a time which complies with the requirements of the insurance bureau, of taxing authorities, and as otherwise reasonably required by the Company. Accounting services shall include the maintenance of proper premium accounts, including provision for unearned premiums, loss provision and experience statistics as required for management and for filing with any regulatory authority. The Manager will prepare the Company's financial statements on a quarterly and annual basis. Prior to their due dates, the Manager will prepare and deliver to the Company all tax returns to be filed with any taxing authority of the Company. Also, the Manager shall provide actuarial services to the Company; however, the Company's annual actuarial review shall be conducted by a third-party.

Appears in 3 contracts

Samples: Management Services Agreement (Meadowbrook Insurance Group Inc), Management Services Agreement (Meadowbrook Insurance Group Inc), Management Services Agreement (Meadowbrook Insurance Group Inc)

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ACCOUNTING SERVICES, FINANCIAL STATEMENTS AND TAX RETURNS. The Manager will perform services appropriate to the Company's operations and provide all accounting services required for purposes of accounting for the results of its business operations. The Manager will prepare all of the Company's financial statements required for filing with regulatory authorities, including statutory financial statements as required under the applicable insurance code or by an applicable insurance bureau. The Manager will perform these services in a manner and at a time which complies with the requirements of the insurance bureau, of taxing authorities, and as otherwise reasonably required by the Company. Accounting services shall include the maintenance of proper premium accounts, including provision for unearned premiums, loss provision and experience statistics as required for management and for filing with any regulatory authority. The Manager will prepare and provide the Company's Company financial statements on a quarterly and annual basis. Prior to their due dates, the Manager will prepare and deliver to the Company all tax returns to be filed with any taxing authority of for the Company. Also, the Manager shall provide actuarial services to the Company; however, the Company's annual actuarial review shall be conducted by a third-party.

Appears in 1 contract

Samples: Management Services Agreement (Meadowbrook Insurance Group Inc)

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