Premium Accounting. A. If reinsurance premiums are not paid by the REMITTANCE DATE, interest in accordance with Article III, paragraph F will be assessed from the REMITTANCE DATE. B. On or before the REMITTANCE DATE, the CEDING COMPANY shall forward to the REINSURER its statement of account and data requirements as set forth in Schedule G together with its remittance for the MONTHLY REINSURANCE PREMIUM as shown therein as well as any premium adjustments from the prior period. C. If the amounts due cannot be determined by the REMITTANCE DATE, the CEDING COMPANY shall have ninety (90) days to determine the appropriate premium and remit with interest in accordance with Article III, paragraph F. D. For contracts active less than a full month in the month prior to the MONTHLY VALUATION DATE, the MONTHLY REINSURANCE PREMIUM attributable to those contracts shall be reduced proportionally. Xxxxxxx Xxxxx & ACE Tempest GMDB 10
Appears in 5 contracts
Samples: GMDB Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account B), GMDB Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account A), GMDB Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account D)
Premium Accounting. A. If reinsurance premiums are not paid by the REMITTANCE DATE, interest in accordance with Article III, paragraph F will be assessed from the REMITTANCE DATE.
B. On or before the REMITTANCE DATE, the CEDING COMPANY shall forward to the REINSURER its statement of account and data requirements as set forth in Schedule G together with its remittance for the MONTHLY REINSURANCE PREMIUM as shown therein as well as any premium adjustments from the prior period.
C. If the amounts due cannot be determined by the REMITTANCE DATE, the CEDING COMPANY shall have ninety (90) days to determine the appropriate premium and remit with interest in accordance with Article III, paragraph F.
D. For contracts active less than a full month in the month prior to the MONTHLY VALUATION DATE, the MONTHLY REINSURANCE PREMIUM attributable to those contracts shall be reduced proportionally. Xxxxxxx Xxxxx & ACE Tempest GMDB GMIB 10
Appears in 5 contracts
Samples: Gmib Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account B), Gmib Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account A), Gmib Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account D)
Premium Accounting. A. If reinsurance premiums are not paid by the REMITTANCE DATE, interest in accordance with Article III, paragraph F will be assessed from the REMITTANCE DATE.
B. On or before the REMITTANCE DATE, the CEDING COMPANY shall forward to the REINSURER its statement of account and data requirements as set forth in Schedule G together with its remittance for the MONTHLY REINSURANCE PREMIUM as shown therein as well as any premium adjustments from the prior period.
C. If the amounts due cannot be determined by the REMITTANCE DATE, the CEDING COMPANY shall have ninety (90) days to determine the appropriate premium and remit with interest in accordance with Article III, paragraph F.
D. For contracts active less than a full month in the month prior to the MONTHLY VALUATION DATE, the MONTHLY REINSURANCE PREMIUM attributable to those contracts shall be reduced proportionally. Xxxxxxx Xxxxx MLLICNY & ACE Tempest GMDB 10
Appears in 2 contracts
Samples: GMDB Reinsurance Agreement (Ml of New York Variable Annuity Separate Account D), GMDB Reinsurance Agreement (Ml of New York Variable Annuity Separate Account A)
Premium Accounting. A. If reinsurance premiums are not paid by the REMITTANCE DATE, interest in accordance with Article III, paragraph F will be assessed from the REMITTANCE DATE.
B. On or before the REMITTANCE DATE, the CEDING COMPANY shall forward to the REINSURER its statement of account and data requirements as set forth in Schedule G together with its remittance for the MONTHLY REINSURANCE PREMIUM as shown therein as well as any premium adjustments from the prior period.
C. If the amounts due cannot be determined by the REMITTANCE DATE, the CEDING COMPANY shall have ninety (90) days to determine the appropriate premium and remit with interest in accordance with Article III, paragraph F.
D. For contracts active less than a full month in the month prior to the MONTHLY VALUATION DATE, the MONTHLY REINSURANCE PREMIUM attributable to those contracts shall be reduced proportionally. Xxxxxxx Xxxxx MLLICNY & ACE Tempest GMDB GMIB 10
Appears in 2 contracts
Samples: Gmib Reinsurance Agreement (Ml of New York Variable Annuity Separate Account D), Gmib Reinsurance Agreement (Ml of New York Variable Annuity Separate Account A)
