Common use of PREMIUM TAX REIMBURSEMENT Clause in Contracts

PREMIUM TAX REIMBURSEMENT. A. The reinsurance premium rates applicable for the Single Premium Whole Life plan of insurance take into consideration the Company's liability for premium taxes. Accordingly, the North American Re shall make no separate reimbursement to the Company for premium taxes on the portion of the Company's premium paid to the North American Re as reinsurance premiums.

Appears in 3 contracts

Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

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PREMIUM TAX REIMBURSEMENT. A. The reinsurance premium rates applicable for the Single Premium Whole Life plan of insurance take into consideration the Company's liability for premium taxes. Accordingly, the North American Re shall make no separate reimbursement to the Company for premium taxes on the portion of the Company's premium paid to the North American Re as reinsurance premiums.

Appears in 3 contracts

Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

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