PAYMENT OF BALANCES. The Ceding Company will pay any balance due the Reinsurer, at the same time as the account is rendered, but in all cases, by the Accounting and Premium Due frequency as shown in Schedule I. The Reinsurer will pay any balance due the Ceding Company, at the same time as the account is confirmed, however, at the latest, within thirty (30) days after receipt of the statement of account. Should the Reinsurer be unable to confirm the account in its entirety, the confirmed portion of the balance will be paid immediately. As soon as the account has been fully confirmed, the difference will be paid immediately by the debtor. All balances not paid within thirty (30) days of the due date shown on the statement will be in default.
Appears in 9 contracts
Samples: Automatic and Facultative Yrt Reinsurance Agreement (Ameritas Variable Separate Account V), Coinsurance Reinsurance Agreement (Symetra Financial CORP), Coinsurance Reinsurance Agreement (Symetra Financial CORP)
PAYMENT OF BALANCES. The Ceding Company will pay any balance due the Reinsurer, at the same time as the account is rendered, but in all cases, by the Accounting accounting and Premium Due premium due frequency as shown in Schedule I. The Reinsurer will pay any balance due the Ceding Company, at the same time as the account is confirmed, however, at the latest, within thirty (30) days after receipt of the statement of account. Should the Reinsurer be unable to confirm the account in its entirety, the confirmed portion of the balance will be paid immediately. As soon as the account has been fully confirmed, the difference will be paid immediately by the debtor. All balances not paid within thirty (30) days of the due date shown on the statement will be in default.
Appears in 6 contracts
Samples: Reinsurance Agreement (Thrivent Variable Life Account I), Automatic and Facultative Yrt Reinsurance Agreement (Farm Bureau Life Variable Account), Automatic and Facultative Yrt Reinsurance Agreement (Jackson National Separate Account Iv)
PAYMENT OF BALANCES. The Ceding Company will pay any balance due the Reinsurer, at the same time as the account is rendered, but in all cases, by the Accounting and Premium Due frequency as shown in Schedule I. The Reinsurer will pay any a balance due the Ceding Company, at the same time as the account is confirmed, however, at the latest, within thirty (30) days after receipt of the statement of account. Should the Reinsurer be unable to confirm the account in its entirety, the confirmed portion of the balance will be paid immediately. As soon as the account has been fully confirmed, the difference will be paid immediately by the debtor. All balances not paid within thirty (30) days of the due date shown on the statement will be in default.
Appears in 3 contracts
Samples: Automatic Risk Premium Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co), Automatic Risk Premium Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co), Premium Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)
PAYMENT OF BALANCES. The Ceding Company will pay any undisputed balance due the Reinsurer, at the same time as the account is rendered, but in all cases, by the Accounting and Premium Due frequency as shown in Schedule I. The Reinsurer will pay any undisputed balance due the Ceding Company, at the same time as the account is confirmed, however, at the latest, within thirty (30) days after receipt of the statement of account. Should the Reinsurer be unable to confirm the account in its entirety, the confirmed portion of the balance will be paid immediately. As soon as the account has been fully confirmed, confirmed the difference will be paid immediately by the debtor. All balances not paid within thirty (30) days of the due date shown on the statement will be in default.
Appears in 1 contract
Samples: Minnesota Life Variable Life Account
PAYMENT OF BALANCES. The Ceding Company will pay any balance due the Reinsurer, at the same time as the account is rendered, but in all cases, by the Accounting and Premium Due frequency as shown in Schedule I. The Reinsurer will pay any balance due the Ceding Company, at the same time as the account is confirmed, however, at the latest, within thirty (30) days after receipt of the statement of account. Should the Reinsurer be unable to confirm the account in its entirety, the confirmed portion of the balance will be paid immediately. As soon as the account has been fully confirmed, confirmed the difference will be paid immediately by the debtor. All balances not paid within thirty (30) days of the due date shown on the statement will be in default.
Appears in 1 contract
Samples: Reinsurance Agreement (Minnesota Life Variable Life Account)
PAYMENT OF BALANCES. The Ceding Company will pay any balance due the Reinsurer, at the same time as the account is rendered, but in all cases, by the Accounting and Premium Due frequency as shown in Schedule I. The Reinsurer will pay any balance due the Ceding Company, at the same time as the account is confirmed, however, at the latest, within thirty (30) days after receipt of the statement of account. Should the Reinsurer be unable to confirm the account in its entirety, the confirmed portion of the balance will be paid immediately. As soon as the account has been fully confirmed, the difference will be paid immediately by the debtor. All balances not paid within thirty (30) days of the due date shown on the statement will be in default.. 8 01/25/00
Appears in 1 contract
Samples: Automatic and Facultative Yrt Reinsurance Agreement (Carillon Life Account)
