Common use of Delivery of Accounting and Settlement Reports Clause in Contracts

Delivery of Accounting and Settlement Reports. Within thirty (30) days following the end of each calendar month, Reinsurer shall provide Cedent with accounting and settlement reports (including underlying journal entries contemplated by the Administrative Services Agreement) in a format to be mutually agreed upon by the parties. Cedent shall have the right to request a change to the format of the reports upon thirty (30) days’ prior written notice to Reinsurer; provided, however, that the change shall involve no material additional cost to Reinsurer except to the extent reasonably required by Cedent to prepare, make or file necessary or required financial and statistical reports.

Appears in 4 contracts

Samples: Quota Share Reinsurance Agreement, Quota Share Reinsurance and Special Indemnity Agreement (Geovera Insurance Holdings, Ltd.), Quota Share Reinsurance and Special Indemnity Agreement (Geovera Insurance Holdings, Ltd.)

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Delivery of Accounting and Settlement Reports. Within thirty (30) days following the end of each calendar month, Reinsurer shall provide Cedent with accounting and settlement reports (including underlying journal entries contemplated by the Administrative Services Agreement) in a format to be mutually agreed upon by the parties. Cedent shall have the right to request a change to the format of the reports upon thirty (30) days' prior written notice to Reinsurer; provided, however, that the change shall involve no material additional cost to Reinsurer except to the extent reasonably required by Cedent to prepare, make or file necessary or required financial and statistical reports.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (Reliance Group Holdings Inc)

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Delivery of Accounting and Settlement Reports. Within thirty (30) days following the end of each calendar month, Reinsurer shall provide Cedent with accounting and settlement reports (including underlying journal entries contemplated by the Administrative Services Agreement) in a format to be mutually agreed upon by the parties. Cedent shall have the right to request a change to the format of the reports upon thirty (30) days' prior written notice to Reinsurer; , provided, however, that the change shall involve no material additional cost to Reinsurer Reinsurer, except to the extent reasonably required by the Cedent to prepare, make or file necessary or required financial and statistical reports.

Appears in 1 contract

Samples: Loss Portfolio and Unearned Premium Reserve Reinsurance Agreement (Reliance Group Holdings Inc)

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