Form of Statements. All Daily or Monthly Statements provided pursuant to Sections 6.03(a) and 6.03(b) (the "Statements") shall summarize the items to be settled in reasonable detail. It is intended that the Statements be transmitted by facsimile or other similar means of convenient written communication, but, in the event that any Statement cannot be transmitted after application of commercially reasonable efforts, the Reinsurer may notify the Company of any settlement due by oral communication, in which case the Reinsurer shall provide hard copy of the settlement Statement as promptly as practicable.
Appears in 4 contracts
Samples: Coinsurance Agreement (Jackson VFL Variable Life Separate Account), Coinsurance Agreement (Jackson VFL Variable Life Separate Account), Coinsurance Agreement (Jackson VFL Variable Annuity Separate Account)
Form of Statements. All Daily Statements or Monthly Statements provided pursuant to Sections 6.03(a) and 6.03(b) ), respectively (the "StatementsSTATEMENTS") ), shall summarize the items to be settled in reasonable detail. It is intended that the Statements be transmitted by e-mail, facsimile or other similar means of convenient written communication, but, in the event that any Statement cannot be transmitted after application of commercially reasonable efforts, the Reinsurer may notify the Company FAFLIC of any settlement due by oral communication, in which case the Reinsurer shall provide a hard copy of the settlement Statement as promptly as practicable.
Appears in 2 contracts
Samples: Faflic Trust Agreement (Separate Acct Va K of First Allmerica Financial Life Ins Co), Faflic Trust Agreement (Vel Ii Acct of State Mutual Life Assur Co of America)
