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 –
Appears in 17 contracts
Samples: Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I), Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I), Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)
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 –III—
Appears in 1 contract
Samples: Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)
