Common use of Administration and Expenses Clause in Contracts

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.

Appears in 5 contracts

Samples: Sample Substandard Pool Reinsurance Agreement (Northwestern Mutual Variable Life Account II), Sample Substandard (Northwestern Mutual Variable Life Account), Sample Substandard Pool Reinsurance Agreement (Northwestern Mutual Variable Life Account)

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Administration and Expenses. 9.1 3.1 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 changeschanges except for Excess policies; (c) periodic electronic monthly records of reinsured policies in force, as well as new issues, terminations, and other changeschanges except for Excess policies; and (d) periodic monthly summaries and electronic records of statutory reserves on reinsured policies.

Appears in 2 contracts

Samples: Northwestern Mutual Variable Life Account II, Northwestern Mutual Variable Life Account II

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Administration and Expenses. 9.1 2.1 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 changeschanges except for Excess policies; (c) periodic electronic monthly records of reinsured policies in force, as well as new issues, terminations, and other changeschanges except for Excess policies; and (d) periodic monthly summaries and electronic records of statutory reserves on reinsured policies.

Appears in 2 contracts

Samples: Northwestern Mutual Variable Life Account II, Northwestern Mutual Variable Life Account II

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