PREMIUMS, PAYMENTS AND REPORTS. A. Reinsurance premiums shall be paid annually in advance on a policy year basis for each reinsured policy. Such payment for policies with anniversaries in any calendar month shall accompany the monthly statement as provided in this Article. Premiums shall be calculated by applying the premium rates per thousand to the net amount at risk as described in Article III –
PREMIUMS, PAYMENTS AND REPORTS. (Continued)
PREMIUMS, PAYMENTS AND REPORTS. (continued)
PREMIUMS, PAYMENTS AND REPORTS. A. Premiums are payable monthly in advance on a variable net risk method for each reinsurance cession. However, the Ceding Company may choose to continue to pay its premium on an annual basis in advance and make appropriate financial accounting adjustments that may be required to properly reflect the change to a monthly payment mode. Such accounting adjustments must comply with generally acceptable accounting principles. Such payment for policies with anniversaries in any calendar month shall accompany the monthly statement as provided in this Article. Premiums shall be calculated by applying the premium rates per thousand to the net amount at risk as described in Article III –
PREMIUMS, PAYMENTS AND REPORTS. (i) the Reinsurer and (ii) if to the Ceding Company. Except as provided herein, all other terms, provisions and conditions of the above-referenced Agreement remain in full force and effect.
PREMIUMS, PAYMENTS AND REPORTS or Article X –
PREMIUMS, PAYMENTS AND REPORTS. A. Premiums are payable monthly in advance on a variable net risk method for each reinsurance cession. However, the Ceding Company may choose to continue to pay its
PREMIUMS, PAYMENTS AND REPORTS. F. Facultative Binder Coverage (conditional receipt) for regular issue, Guaranteed Issue (GI) and Simplified Issue (SI): If the Reinsurer has facultatively accepted a case where premium is accepted and lives meet the “actively at work” requirement but the case has not been issued, the Reinsurer will provide coverage.
PREMIUMS, PAYMENTS AND REPORTS. A. Reinsurance premiums are payable annually in advance. The Ceding Company reserves the right to pay premiums monthly in advance. Upon giving sixty (60) days prior written notice to the Reinsurer, the Ceding Company may change the premium payment method to monthly in advance. Such accounting adjustments must comply with generally acceptable accounting principles. Such payment for policies with anniversaries in any calendar month shall accompany the monthly statement as provided in this Article. Premiums shall be calculated by applying the premium rates per thousand to the net amount at risk as described in Article III –
PREMIUMS, PAYMENTS AND REPORTS. (Continued) provisions of the paragraph solely to avoid the recapture requirements or to transfer the block of business reinsured to another reinsurer.
