Billing and Collection. NATIONWIDE - Receives premium/purchase payments and reconciles amount received with remittance media. - Updates Contract Owner records to reflect receipt of premium/purchase payment and performs accounting/ investment allocation of each payment received. - Deposits all cash received under the Products in accordance with the terms of the Products.
Appears in 14 contracts
Samples: Marketing Coordination and Administrative Services Agreement (Nationwide Life Insurance Co), Marketing Coordination and Administrative Services Agreement (Nationwide Vli Separate Account 4), Marketing Coordination and Administrative Services Agreement (Nationwide Variable Account Ii)
Billing and Collection. NATIONWIDE - Receives premium/purchase payments and reconciles amount received with remittance media. - Updates Contract Owner records to reflect receipt of premium/purchase payment and performs accounting/ investment allocation of each payment received. - Deposits all cash received under the Products in accordance with the terms of the Products. - Balances, edits, endorses and prepares daily deposit.
Appears in 2 contracts
Samples: Marketing Coordination and Administrative Services Agreement (Nationwide Life & Annuity Va Separate Account a /Oh/), Marketing Coordination and Administrative Services Agreement (Nationwide Vli Separate Account 5)
Billing and Collection. NATIONWIDE - Receives premium/purchase payments and reconciles amount received with remittance media. - Updates Contract Owner records to reflect receipt of premium/purchase payment and performs accounting/ accounting/investment allocation of each payment received. - Deposits all cash received under the Products in accordance with the terms of the Products.
Appears in 2 contracts
Samples: Marketing Coordination and Administrative Services Agreement (Nationwide Variable Account 14), Marketing Coordination and Administrative Services Agreement (Nationwide Variable Account -10)
