Premium Accounting. Ceding Company shall forward to Reinsurer within 30 days of the end of the reporting period a monthly statement substantially similar to that set forth in Schedule E. Reinsurance premiums submitted by Ceding Company shall be net of claims incurred. If a balance is due Reinsurer, Ceding Company shall remit any balance due for the prior month along with an advance premium for the current month, in accordance with Article V.
Appears in 4 contracts
Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Seven), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Three), Reinsurance Agreement (Itt Hartford Life & Annuity Insurance Co Separate Account On)
