Annuity Administration Sample Clauses
The Annuity Administration clause outlines the procedures and responsibilities related to managing and servicing an annuity contract. It typically details how premium payments are processed, how benefits are calculated and disbursed, and the record-keeping obligations of the parties involved. This clause ensures that all administrative tasks associated with the annuity are handled efficiently and transparently, thereby minimizing errors and providing clarity for both the annuitant and the issuer.
Annuity Administration. The Ceding Company will administer the Annuities and will perform all accounting for the Annuities; provided, however, that the Reinsurer reserves the right to participate in the adjudication and administration of Claims (as defined in Article IV, Paragraph 2).
Annuity Administration. The Ceding Company will administer the ---------------------- annuities reinsured, however, the Reinsurer reserves the right to participate in claims administration. The Ceding Company retains final authority relating to claims administration issues.
Annuity Administration. The Ceding Company will administer the annuities reinsured hereunder and will perform all accounting for such annuities; provided, however, that the Reinsurer reserves the right to participate in claims administration.
Annuity Administration. The Ceding Company will administer the Annuities reinsured hereunder and will perform all accounting for such Annuities.
Annuity Administration. The Ceding Company will administer the Base Annuities and the Riders and will perform all accounting for such Base Annuities and Riders.
Annuity Administration. Anchor will administer the Annuities ---------------------- reinsured hereunder and will perform all accounting for such Annuities, all in accordance with Articles VIII, X, XIV and XV.
Annuity Administration. After the date hereof, Seller may negotiate and execute agreements relating to the administration by se2 of the annuity contracts included in the Company Business and may take any other actions that may be reasonably necessary to transition the administration of such annuity contracts to se2. Buyer acknowledges that such transition might not be completed prior to the Closing and agrees that it shall, and shall cause the Company to, cooperate with Seller to effect such transition after the Closing. The costs and expenses of such transition shall be borne by the parties in the manner contemplated by the Transition Services Agreement.
Annuity Administration. The Ceding Company will administer the annuities reinsured hereunder and will perform all accounting for such
Annuity Administration. The Ceding Company will administer the Annuities reinsured hereunder and will perform all accounting for such Annuities. The Reinsurer is not liable for increases in administrative costs due to the Ceding Company's operational errors, including, but not limited to, costs to make Annuity owners whole, or breakage expense, on the Annuity investment options
Annuity Administration. The Annuities reinsured hereunder will be administered in accordance with Article III of the Strategic Alliance Agreement, dated as of October 8, 2007, by and between the Ceding Company and the Reinsurer (the "Strategic Alliance Agreement").