Premium Tax, Escheat and Unclaimed Property Liabilities and Guaranty Association Accountings. (a) Quarterly Accountings. From and after the Effective Time, within thirty (30) Business Days after the end of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the Parties), the Ceding Company shall submit to the Administrator a written statement of accounting in a form and containing such information to be agreed upon by the Parties hereto (each, a “Quarterly Assessment Accounting”) setting forth the guaranty association amounts and escheat and unclaimed property liabilities assessed against or 1007063915v4 payable by the Ceding Company, to the extent that such assessments constitute Reinsured Risks (collectively, the “Post-Inception Date Assessments”). In addition, within forty-five (45) Business Days after the last day of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the Parties), the Administrator shall submit to the Ceding Company a written statement of accounting in a form and containing such information to be agreed upon by the Parties hereto (each, a “Quarterly Premium Tax Accounting”, and together with the Quarterly Assessment Accountings, the “Quarterly Accountings”) setting forth the estimated premium taxes due with respect to the Reinsured Policies as a result of premiums collected during such quarter. Concurrent with the delivery of each Quarterly Premium Tax Accounting, the Administrator shall remit to the Ceding Company the amount set forth on such Quarterly Premium Tax Accounting with respect to such estimated premium taxes due and the amount set forth in such Quarterly Assessment Accounting with respect to the Post-Inception Date Assessments.
Appears in 2 contracts
Samples: Administrative Services Agreement (Prudential Discovery Premier Group Variable Contract Account), Administrative Services Agreement (Prudential Discovery Select Group Variable Contract Account)
Premium Tax, Escheat and Unclaimed Property Liabilities and Guaranty Association Accountings. (a) Quarterly Accountings. From and after the Effective Time, within thirty (30) Business Days after the end of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the Parties), the Ceding Company shall submit to the Administrator a written statement of accounting in a form and containing such information to be agreed upon by the Parties hereto (each, a “Quarterly Assessment Accounting”) setting forth the guaranty association amounts and escheat and unclaimed property liabilities assessed against or 1007063915v4 47182505.8 20 1006845735v24 payable by the Ceding Company, to the extent that such assessments constitute Reinsured Risks (collectively, the “Post-Inception Date Assessments”). In addition, within forty-five (45) Business Days after the last day of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the Parties), the Administrator shall submit to the Ceding Company a written statement of accounting in a form and containing such information to be agreed upon by the Parties hereto (each, a “Quarterly Premium Tax Accounting”, and together with the Quarterly Assessment Accountings, the “Quarterly Accountings”) setting forth the estimated premium taxes due with respect to the Reinsured Policies as a result of premiums collected during such quarter. Concurrent with the delivery of each Quarterly Premium Tax Accounting, the Administrator shall remit to the Ceding Company the amount set forth on such Quarterly Premium Tax Accounting with respect to such estimated premium taxes due and the amount set forth in such Quarterly Assessment Accounting with respect to the Post-Inception Date Assessments.
Appears in 2 contracts
Samples: FSS Administrative Services Agreement (Prudential Discovery Select Group Variable Contract Account), FSS Administrative Services Agreement (Prudential Discovery Premier Group Variable Contract Account)
