MONTHLY SETTLEMENTS. Within 15 business days after the end of each calendar month, the Company will pay the Reinsurer the sum of: (i) the reinsurance premiums for the preceding month, determined in accordance with Article III, plus (ii) the policy loan repayments and policy loan interest paid in the preceding month, plus (iii) any amounts received from other reinsurance companies. The Monthly Settlement Report is attached as Schedule D.
Appears in 3 contracts
Samples: Trust Agreement (Security National Financial Corp), Custodial Agreement (Security National Financial Corp), Reinsurance Agreement (Security National Financial Corp)
MONTHLY SETTLEMENTS. (a) Within 15 business days after the end of each calendar month, the Company will pay the Reinsurer the sum of: (i) the reinsurance premiums for the preceding month, determined in accordance with Article III, plus (ii) the policy loan repayments and policy loan interest paid in the preceding month, plus (iii) any amounts received from other reinsurance companies. The Monthly Settlement Report is attached as Schedule D..
Appears in 1 contract
Samples: Reinsurance Agreement (Security National Financial Corp)
