ACCOUNTING SUMMARY Sample Clauses

ACCOUNTING SUMMARY. The Reinsurer requires the Ceding Company to send summary accounting information similar to the following example with each statement: Premiums Allowance Net Premium Totals Total Due First Year Total Base $ 2,300.00 0.00 $ 2,300.00 Cash Value 0.00 ADB 100.00 0.00 100.00 Benefits/Claims 0.00 Waiver 100.00 0.00 100.00 Policy Fee 0.00 Other 0.00 0.00 0.00 Dividend 0.00 Prem Tax 0.00 Total $ 2,500.00 0.00 $ 2,500.00 Net Premium $ 2,500.00 $ 2,500.00 Renewal Total Base $ 25,000.00 0.00 $ 25,000.00 Cash Value 0.00 ADB 1,000.00 0.00 1,000.00 Benefits/Claims 0.00 Waiver 1,500.00 0.00 1,500.00 Policy Fee 0.00 Other 0.00 0.00 0.00 Dividend 0.00 Prem Tax 0.00 Total $ 27,500.00 0.00 $ 27,500.00 Net Premium $ 27,500.00 $ 27,500.00 First Year & Renewal Base $ 27,300.00 0.00 $ 27,300.00 Cash Value 0.00 ADB 1,100.00 0.00 1,100.00 Benefits/Claims 0.00 Waiver 1,600.00 0.00 1,600.00 Policy Fee 0.00 Other 0.00 0.00 0.00 Dividend 0.00 Prem Tax 0.00 Total $ 30,000.00 0.00 $ 30,000.00 Net Premium $ 30,000.00 $ 30,000.00 46 EXHIBIT F — APPLICATION FOR FACULTATIVE REINSURANCE 47 EXHIBIT G — ALLOCATION RULES FOR PLACEMENT OF FACULTATIVE CASES The Ceding Company will place the case with the Reinsurer having the first in best offer. EXHIBIT H — ACCELERATED BENEFIT RIDER
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ACCOUNTING SUMMARY. =================================================================================== Premiums Commissions ----------------------------------------------------- Net Due Category First Year Renewal Year First Year Renewal Year Other* MARC ----------------------------------------------------------------------------------- Life ----------------------------------------------------------------------------------- WP ----------------------------------------------------------------------------------- ADB ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- Total =================================================================================== * If more than one category is included (e.g., surrender benefits, dividends), please show details on the reverse side of this form. RADF61 NOVATION AGREEMENT This Novation Agreement is made effective as of January 1, 2002 among Munich American Reassurance Company of Atlanta, Georgia (hereafter referred to as "MARC"), GE Capital Life Assurance Company of New York (hereafter referred to as the "Ceding Company") and Continental Assurance Company of Chicago, Illinois (hereafter referred to as "Continental").
Sample 1
ACCOUNTING SUMMARY. 46 EXHIBIT F - APPLICATION FOR FACULTATIVE REINSURANCE...........................47 EXHIBIT G - ALLOCATION RULES FOR PLACEMENT OF FACULTATIVE CASES...............48 (019)11220-00-00 0 2/16/2011
Sample 1
ACCOUNTING SUMMARY. The Reinsurer requires the Ceding Company to send summary accounting information similar to the following example with each statement: Net Premium Premiums Allowance Totals Total Due ----------------------------------------------------------------------------------------------------------------- First Year Base $2,300.00 0.00 $2,300.00 Cash Value 0.00 Total ADB 100.00 0.00 100.00 Benefits/Claims 0.00 Waiver 100.00 0.00 100.00 Policy Fee 0.00 Other 0.00 0.00 0.00 Dividend 0.00 Prem Tax 0.00 Total $2,500.00 0.00 $2,500.00 Net Premium $2,500.00 $2,500.00 Renewal Total Base $25,000.00 0.00 $25,000.00 Cash Value 0.00 ADB 1,000.00 0.00 1,000.00 Benefits/Claims 0.00 Waiver 1,500.00 0.00 1,500.00 Policy Fee 0.00 Other 0.00 0.00 0.00 Dividend 0.00 Prem Tax 0.00 Total $27,500.00 0.00 $27,500.00 Net Premium $27,500.00 $27,500.00 First Year & Renewal Base $27,300.00 0.00 $27,300.00 Cash Value 0.00 ADB 1,100.00 0.00 1,100.00 Benefits/Claims 0.00 Waiver 1,600.00 0.00 1,600.00 Policy Fee 0.00 Other 0.00 0.00 0.00 Dividend 0.00 Prem Tax 0.00 Total $30,000.00 0.00 $30,000.00 Net Premium $30,000.00 $30,000.00 ----------------------------------------------------------------------------------------------------------------- EXHIBIT G - APPLICATION FOR FACULTATIVE REINSURANCE ________________________________________________________________________________ CEDING COMPANY FACSIMILE NUMBER ________________________________________________________________________________ UNDERWRITER E-MAIL TELEPHONE NUMBER ________________________________________________________________________________ BY DATE ________________________________________________________________________________ PROPOSED INSURED (LAST NAME) (FIRST) (MIDDLE) DATE OF BIRTH AGE ________________________________________________________________________________ SEX STATE OF BIRTH STATE OF RESIDENCE OCCUPATION |_| M |_| F ________________________________________________________________________________ BASIS |_| AUTOMATIC NUMBER OF PAGES |_| NEAREST BIRTHDAY |_| YRT |_| FACULTATIVE |_| LAST BIRTHDAY |_| CO-INS ________________________________________________________________________________ __________________________________________________ LIFE WAIVER ADB ________________________________________________________________________________ PREVIOUS IN FORCE ________________________________________________________________________________ RETENTION ________________________________________________________________________________ CURRENT A...
Sample 1
ACCOUNTING SUMMARY. A summary of all financial transactions during the reporting period. Distinctions shall be made for first year and renewal activities, basic life versus supplemental benefits and any adjustments affecting the billing. Policy Exhibit Summary. A policy exhibit substantially similar to the attached form providing in force reinsurance totals at the beginning and ending of the reporting period and a summary of all Policy movements during the period. The Reinsurer reserves the right to request additional information or change the reporting requirements in order to properly administer the business under this Agreement or support the preparation of its financial statements, at any time. Such a request from the Reinsurer for additional information or a change in the requirements shall be reasonable and in a manner that allows the Company reasonable time to comply or the parties may mutually agree upon alternate reporting to satisfy the preparation of the Reinsurer’s financial statements Quarterly Accounting Reports All reports and settlements described herein shall be calculated on a quarterly accounting period, except for the Special Termination Settlement as described in Exhibit C, “Special Termination Settlement”. Accounting reports shall be submitted to the Reinsurer by the Company not later than forty-five (45) calendar days after the end of each calendar quarter. Such reports shall include seriatim Policy information as specified in the Quarterly Cash Flow Settlement section below for the then current calendar quarter. SCHEDULE D (continued) For purposes of this Agreement, the following terms shall apply: • Whenever the term “the then current accounting period” is used herein it shall mean the calendar quarter for which the reports described herein are being prepared and not the calendar quarter in which the actual preparation of the report occurs. • Whenever the term “beginning or opening” accounting period is used herein it shall be the first day of such then current accounting period or, for the first accounting period, the effective date of this Agreement. • Opening or beginning reserves shall mean the reserve as of the end of the immediately preceding calendar quarter. • Whenever, the term “ending or closing” accounting period is used herein it shall mean the last day of the then current calendar quarter or, in the event of the final quarter, the date of expiration or termination of this Agreement. Quarterly Cash Flow Settlements Quarterly cash flow sett...
Sample 1
ACCOUNTING SUMMARY. A summary of all financial transactions during the reporting period. Distinctions shall be made for first year and renewal activities, basic life versus supplemental benefits and any adjustments affecting the billing. Policy Exhibit Summary. A policy exhibit substantially similar to the attached form providing in force reinsurance totals at the beginning and ending of the reporting period and a summary of all Policy movements during the period. The Reinsurer reserves the right to request additional information or change the reporting requirements in order to properly administer the business under this Agreement or support the preparation of its financial statements, at any time. Such a request from the Reinsurer for additional information or a change in the requirements shall be reasonable and in a manner that allows the Company reasonable time to comply or the parties may mutually agree upon alternate reporting to satisfy the preparation of the Reinsurer’s financial statements.
Sample 1
ACCOUNTING SUMMARY. Premiums Commissions Net Due First Year Renewal Year First Year Renewal Year MARC Category Other* Life WP ADB Total * If more than one category is included (e.g., surrender benefits, dividends), please show details on the reverse side of this form. RADF61
Sample 1
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ACCOUNTING SUMMARY. The Reinsurer requires the Ceding Company to send summary accounting information similar to the following example with each statement: Premiums Allowance Net Premium Totals Total Due First Year Total Base $ 2,300.00 0.00 $ 2,300.00 Cash Value 0.00 ADB 100.00 0.00 100.00 Benefits/Claims 0.00 waiver 100.00 0.00 100.00 Policy Fee 0.00 other 100.00 0.00 100.00 Dividend 0.00 Prem Tax 0.00 Total $ 2,500 00 0.00 $ 2,500 00 Net Premium $ 2,500 00 $ 2,500 00 Renewal Base $ 25,000 00 0.00 $ 25,000 00 Cash Value 0.00 ADB 1,000.00 0.00 1,000.00 Benefits/Clalms 0.00 Waiver 1,500.00 0.00 1,500.00 Policy Fee 0.00 Other 0.00 0.00 0.00 Dividend 0.00 Prem Tax 0.00 Total $ 27,500.00 0.00 $ 27,500.00 Net Premium $ 27,500.00 $ 27,500.00 First Year & Renewal Base $ 27,300.00 0.00 $ 27,300.00 Cash Value 0.00 ADB 1,100.00 0.00 1,100.00 Benefits/Clalms 0.00 Waiver 1,600.00 0.00 1,600.00 Policy Fee 0.00 Other 0.00 0.00 0.00 Dividend 0.00 Prem Tax 0.00 Total $ 30,000.00 0.00 $ 30,000.00 Net Premium $ 30,000.00 $ 30,000.00 EXHIBIT F – ACCELERATED BENEFIT RIDER FARMERS NEW WORLD LIFE INSURANCE COMPANY ACCELERATED BENEFIT RIDER FOR TERMINAL ILLNESS NOTICE: If you receive payment of accelerated benefits under this rider, you may lose your right to receive certain public funds, such as Medicare, Social Security, Supplemental Security, Supplemental Security Income (SSI) and possibly others. Also, receiving accelerated benefits under this rider may have tax consequences for you. We cannot give you advice about this. You may wish to obtain advice from a qualified tax advisor, accountant, or attorney before adding this benefit and before receiving accelerated benefits under this rider. Benefits paid under this rider will reduce benefits payable under the Policy.
Sample 1

Related to ACCOUNTING SUMMARY

  • Accounting Reports (a) By February 20 of each calendar year the General Partner shall provide to the Limited Partner and the Special Limited Partner all tax information necessary for the preparation of their federal and state income tax returns and other tax returns with regard to the jurisdiction(s) in which the Partnership is formed and in which the Project is located.

  • Accounting System Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

  • Accounting Services The Manager will provide all accounting services customarily required by investment companies, in accordance with the requirements of applicable laws, rules and regulations and with the policies and practices of each Series as communicated to the Manager from time to time, including, but not limited to, the following:

  • Accounting Matters If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.

  • Accounting Methods and Financial Records Maintain a system of accounting, and keep such books, records and accounts (which shall be true and complete in all material respects) as may be required or as may be necessary to permit the preparation of financial statements in accordance with GAAP and in compliance with the regulations of any Governmental Authority having jurisdiction over it or any of its properties.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Accounting Provisions Unless otherwise expressly provided herein, all references in this Agreement to GAAP shall mean GAAP as in effect on the date of this Agreement as published by the Financial Accounting Standards Board. All accounting terms used in this Agreement and not defined expressly, completely or specifically herein shall have the respective meanings given to them, and shall be construed, in accordance with GAAP. All financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in accordance with GAAP applied in a manner consistent with that used to prepare the most recent audited consolidated financial statements of the Borrower and its Subsidiaries. All financial or accounting calculations or determinations required pursuant to this Agreement shall be made, and all references to the financial statements of the Borrower, Adjusted EBITDA, Senior Secured Debt, Total Debt, Interest Expense, Consolidated Total Assets and other such financial terms shall be deemed to refer to such items, unless otherwise expressly provided herein, on a consolidated basis for the Borrower and its Subsidiaries. Notwithstanding the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that reflected in the financial statements of the Borrower for the fiscal year ended December 31, 2018 for all purposes, notwithstanding any change in GAAP relating thereto, including with respect to Accounting Standards Codification 842.

  • Accounting Fee Each Restaurant shall pay to the General Partner or its designee a fee (“Accounting Fee”) in consideration for the accounting services provided by the General Partner or its designee to the Restaurant. The initial Accounting Fee shall be established by the Company and shall be either a flat fee per Restaurant or a specified percentage of each Restaurant’s gross sales, as the Company deems appropriate in its reasonable discretion. The Accounting Fee shall be reviewed on a monthly basis by the Company and may be increased or decreased by the Company from time to time in accordance with the Company’s criteria for establishing such fees for company owned restaurants.

  • Financial Statements; Non-GAAP Financial Measures The financial statements included or incorporated by reference in the Registration Statement and the Prospectus, together with the related schedules and notes, present fairly in all material respects the consolidated financial position of the Company and the respective entities to which such financial statements relate (the “Covered Entities”) at the dates indicated and the consolidated statements of operations, stockholders’ equity (deficit) and cash flows of the Covered Entities for the periods specified; said financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) applied on a consistent basis throughout the periods involved. The supporting schedules, if any, present fairly in all material respects in accordance with GAAP the information required to be stated therein. The selected financial data and the summary financial information included in the Registration Statement and the Prospectus present fairly in all material respects the information shown therein and have been compiled on a basis consistent with that of the audited financial statements included therein. Any pro forma financial statements and the related notes thereto included in the Registration Statement and the Prospectus present fairly in all material respects the information shown therein, have been prepared in accordance with the Commission’s rules and guidelines with respect to pro forma financial statements and have been properly compiled on the bases described therein, and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and circumstances referred to therein. Except as included therein, no historical or pro forma financial statements or supporting schedules are required to be included or incorporated by reference in the Registration Statement or the Prospectus under the Securities Act. All disclosures contained in the Registration Statement or the Prospectus, or incorporated by reference, regarding “non-GAAP financial measures” (as such term is defined by the rules and regulations of the Commission) comply in all material respects with Regulation G of the Exchange Act and Item 10 of Regulation S-K of the Securities Act, to the extent applicable. The interactive data in Inline eXtensible Business Reporting Language incorporated by reference in the Registration Statement and the Prospectus, if any, fairly present the information called for in all material respects and has been prepared in accordance with the Commission’s rules and guidelines applicable thereto.

  • Accounting Basis The Company shall use such method of accounting as may be determined by the Board that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board may from time to time determine to be used in the preparation of the Company’s tax returns.

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