Individual Cession Billing. OPTIMUM RE will submit every month, to THE COMPANY, a listing of new business, changes and terminations, and a statement of amounts payable. The net balance is due to OPTIMUM RE within 30 days of receiving the statement. If a balance is due to THE COMPANY, OPTIMUM RE will remit its payment with the statement.
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (US Alliance Corp), Automatic Reinsurance Agreement (Midwest Holding Inc.)
Individual Cession Billing. OPTIMUM RE will submit every month, month to THE COMPANY, COMPANY a listing of new business, changes and terminations, and a statement of amounts payable. The net balance is due to OPTIMUM RE within 30 days of receiving the statement. If a balance is due to THE COMPANY, OPTIMUM RE will remit its payment with the statement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Federal Life Group, Inc.), Reinsurance Agreement (Federal Life Group, Inc.)
