Common use of Premium Accounting Clause in Contracts

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 X. Xxxxxxx Xxxxx & ACE Tempest EEB 11

Appears in 5 contracts

Samples: Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account A), Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account D), Reinsurance Agreement (Merrill Lynch Life Variable Annuity Separate Account B)

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Premium Accounting. A. If reinsurance premiums are not paid by the REMITTANCE DATE, interest in accordance with Article 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 X. Xxxxxxx Xxxxx & F. Manufacturers Life and ACE Tempest EEB 11Re GMIB 10

Appears in 1 contract

Samples: Variable Annuity Gmib Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)

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 QUARTERLY 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 X. Xxxxxxx Xxxxx & ACE Tempest EEB 11F.

Appears in 1 contract

Samples: Variable Annuity Gmib Reinsurance Agreement (Jnlny Separate Account I)

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 I 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 X. Xxxxxxx Xxxxx & ACE Tempest EEB 11F. Manufacturers Life Insurance Co of N.A. 10 VA GMDB DSL Treaty Effective July 1, 2000

Appears in 1 contract

Samples: Variable Annuity Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account A)

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Premium Accounting. A. 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 H together with its remittance for the MONTHLY REINSURANCE PREMIUM as shown therein as well as any premium adjustments from the prior period. B. 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 X. Xxxxxxx Xxxxx & F. Manufacturers Life and ACE Tempest EEB 11Re GMDB

Appears in 1 contract

Samples: Variable Annuity GMDB Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)

Premium Accounting. A. If reinsurance premiums are not paid by the REMITTANCE DATE, interest in accordance with Article III, paragraph F E 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 X. Xxxxxxx Xxxxx & ACE Tempest EEB 11E.

Appears in 1 contract

Samples: Variable Annuity GMDB Reinsurance Agreement (Separate Account Va-K of Commonwealth Annuity & Life Insurance Co)

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