Administration and Expenses. 9.1 NML will self-administer all reinsurance provided under this Agreement by providing: (a) a monthly accounting statement indicating the net amount of reinsurance premium due; (b) a monthly policy exhibit indicating the amounts of reinsurance in force at the beginning and end of the month and the interim changes; (c) periodic electronic records of reinsured policies in force, as well as new issues, terminations, and other changes; and (d) periodic summaries and electronic records of statutory reserves on reinsured policies.
Administration and Expenses. The Company or its designated administrator shall continue to perform or have performed all policyholder services as more fully described on Schedule D and the conservation and commission payment services with respect to the Reinsured SPDAs as more fully described on Schedule E. The Reinsurer shall pay all administration and accounting expenses and other expenses related to maintenance of the Reinsured SPDAs, as part of Commissions and Expenses payable pursuant to the provisions of Section 6.01 of this Agreement.
Administration and Expenses. 3.1 Reinsurance effected under this Agreement shall be administered by NML in accordance with its reinsurance administrative system which shall include: (a) a monthly accounting statement indicating the net amount of reinsurance premium due; (b) a monthly policy exhibit indicating the amounts of reinsurance in force at the beginning and end of the month and the interim changes except for Excess policies; (c) monthly records of reinsured policies in force, as well as new issues, terminations, and other changes except for Excess policies; and (d) monthly summaries and records of statutory reserves on reinsured policies. NML does not intend to offset premiums with claims as claim reimbursements will be requested on a continuous basis.
Administration and Expenses. 10.1 Reinsurer shall administer this Agreement. Reinsurer shall provide monthly accounting reports, including, but not limited to, Paid Premiums, Earned Premiums, Expense Premiums, Net Premiums, and benefits payable. Reinsurer shall also provide monthly summaries of business in force, benefits currently paid, and active and disabled life reserves. Reinsurer agrees that Northwestern Mutual, at its option, may assume administration of this Agreement in the future.
Administration and Expenses. The Fund shall be invested in accordance with the School’s investment policies, as the School may determine and as the same may be amended from time to time. The assets of the Fund may be merged or pooled for investment and investment management purposes with the general endowment or other assets of the School and managed and invested in accordance with the School’s policies and procedures, but shall be entered on the books and records of the School as the “[name] Fund.” Distributions in support of the above gift purpose and reasonable fees associated with securing, raising, investing, and administering such funds shall be charged to the said Fund administered in accordance with the policies and procedures of the School then in effect.
