Other Settlements. Other settlement payments between the Company and the Reinsurer such as payment adjustments, preliminary quarterly settlements, withhold payout reimbursements or interest compensation may be made separately or along with other settlement payments upon mutual agreement. For the purpose of calculating interest on delayed payments relating to these payments, due dates are to be mutually agreed upon if not otherwise specified in this Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Physicians Health Services Inc), Reinsurance Agreement (Physicians Health Services Inc)
Other Settlements. Other settlement payments between the Company and ----------------- the Reinsurer such as payment adjustments, preliminary quarterly settlements, withhold payout reimbursements or interest compensation may be made separately or along with other settlement payments upon mutual agreement. For the purpose of calculating interest on delayed payments relating to these payments, due dates are to be mutually agreed upon if not otherwise specified in this Agreement.
Appears in 1 contract
Samples: Reinsurance Agreement (Physicians Health Services Inc)
Other Settlements. Other settlement payments between the Company Company, the ----------------- Reinsurer, and the Reinsurer PHS New York such as payment adjustments, preliminary quarterly settlements, withhold payout reimbursements or interest compensation may be made separately or along with other settlement payments upon mutual agreement. For the purpose of calculating interest on delayed payments relating to these payments, due dates are to be mutually agreed upon if not otherwise specified in this Agreement.
Appears in 1 contract
Samples: Reinsurance Agreement (Physicians Health Services Inc)