Common use of Reinsurance Administration Clause in Contracts

Reinsurance Administration. A. Within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a seriatim electronic report as detailed in Schedule C, for each contract specified in Schedule A, valued as of the last day of that month. B. Additionally, within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a separate paper report summarizing the following: 1. reinsurance premiums due to the REINSURER separate by issue age and product as shown in Exhibit I 2. benefit claim reimbursements due to the CEDING COMPANY in total and broken down by VNAR and SCNAR C. If the net balance is due to the REINSURER, the amount due shall be remitted with the report statement. If the net balance is due to the CEDING COMPANY, the REINSURER shall remit the amount to the CEDING COMPANY within ten (10) days of receipt of the report. D. Furthermore, the REINSURER will use the summary data in Schedule C to calculate and monitor its maximum annual aggregate VNAR liability throughout the calendar year. Upon the receipt of the final report for the calendar year, the REINSURER will “true-up” benefit claim reimbursements, if necessary, from the prior calendar year. E. Other 1. The REINSURER reserves the right to charge interest [if (a) or (b) below occur] based on the ninety (90) day Federal Government Treasury Xxxx as first published by the Wall Street Journal in the month following the end of the billing period plus fifty (50) basis points. The method of calculation shall be simple interest (360-day year) and applied as follows: (a) if premiums are not paid within sixty (60) days of the due date shown on the statement (b) if premiums for first year business are not paid within one-hundred-eighty (180) days of the effective date of the policy 2. The REINSURER will have the right to terminate this Agreement when premium payments are more than ninety (90) days past due by giving ninety (90) days’ written notice of termination to the CEDING COMPANY. As of the close of the last day of this ninety (90) day notice period, the REINSURER’s liability for all risks reinsured associated with the defaulted premiums under this Agreement will terminate. The first day of the ninety (90) day notice of termination will be the day the notice is received in the mail by the CEDING COMPANY or if the mail is not used, the day it is delivered to the CEDING COMPANY. If all premiums in default are received within the ninety (90) day time period, the Agreement will remain in effect. 3. Payments between the CEDING COMPANY and the REINSURER may be paid net of any amount due and unpaid under this Agreement.

Reinsurance Administration. A. Within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a seriatim electronic report as detailed in Schedule C, for each contract specified in Schedule A, valued as of the last day of that month. B. Additionally, within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a separate paper report summarizing the following: 1. reinsurance Reinsurance premiums due to the REINSURER separate by issue age and product for each premium class as shown in Exhibit III 2. benefit Benefit claim reimbursements due to the CEDING COMPANY in total and broken down split by VNAR and SCNAR C. If the net balance is due to the REINSURER, the amount due shall be remitted with the report statement. If the net balance is due to the CEDING COMPANY, the REINSURER shall remit the amount to the CEDING COMPANY within ten (10) days of receipt of the report. D. Furthermore, the REINSURER will use the summary data in Schedule C to calculate and monitor its maximum annual aggregate VNAR liability throughout the calendar year. Upon the receipt of the final report for the calendar year, the REINSURER will “"true-up” " benefit claim reimbursements, if necessary, from the prior calendar year. E. Other 1. The REINSURER and the CEDING COMPANY reserve the right to charge interest on the net balance if (a) below occurs. The REINSURER reserves the right to charge interest [on the net balance if (a) or (b) below occur] occurs. Such interest shall be based on the ninety (90) day Federal Government Treasury Xxxx Bill as first published by the bx xxe Wall Street Journal in the month following the end of the billing period plus fifty (50) basis points. The method of calculation shall be simple interest (360-day year) and applied as follows:). (a) if premiums are the net balance due the REINSURER or the CEDING COMPANY is not paid within sixty (60) days of the due date shown on the statement (b) if the premiums for first year business are not paid within one-hundred-eighty (180) days of the effective date of the policycontract 2. The REINSURER party to whom the net balance is owed will have the right to terminate this Agreement when premium net balance payments are more than ninety not paid for one-hundred-eighty (90180) days past due from the effective date of the policy for new business or anniversary date for renewals, by giving ninety (90) days’ ' written notice of termination to the CEDING COMPANYother party. As of the close of the last day of this ninety (90) day notice period, the REINSURER’s 's liability for all risks reinsured associated with the defaulted premiums payments under this Agreement will terminate. The first day of the ninety (90) day notice of termination will be the day the notice is received in the mail by the CEDING COMPANY party in default or if the mail is not used, the day it is delivered to the CEDING COMPANYparty in default. If all premiums in default are received within the ninety (90) day time period, the Agreement will remain in effect. 3. Payments between the CEDING COMPANY and the REINSURER may be paid net of any amount due and unpaid under this Agreement.. Hartford Agreement No. 2000-12-DB Effective March 13, 2000

Reinsurance Administration. A. Within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a seriatim electronic report as detailed in Schedule C, for each contract specified in Schedule A, valued as of the last day of that month. B. Additionally, within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a separate paper report summarizing the following: 1. reinsurance premiums due to the REINSURER separate by issue age and product as shown in Exhibit I 2. benefit claim reimbursements due to the CEDING COMPANY in total and broken down by VNAR and SCNAR C. If the net balance is due to the REINSURER, the amount due shall be remitted with the report statement. If the net balance is due to the CEDING COMPANY, the REINSURER shall remit the amount to the CEDING COMPANY within ten (10) days of receipt of the report. D. Furthermore, the REINSURER will use the summary data in Schedule C to calculate and monitor its maximum annual aggregate VNAR liability throughout the calendar year. Upon the receipt of the final report for the calendar year, the REINSURER will “true-up” benefit claim reimbursements, if necessary, from the prior calendar year. E. Other 1. The REINSURER reserves the right to charge interest [if (a) or (b) below occur] based on the ninety (90) day Federal Government Treasury Xxxx Bxxx as first published by the Wall Street Journal in the month following the end of the billing period plus fifty (50) basis points. The method of calculation shall be simple interest (360-day year) and applied as follows: (a) if premiums are not paid within sixty (60) days of the due date shown on the statement (b) if premiums for first year business are not paid within one-hundred-eighty (180) days of the effective date of the policy 2. The REINSURER will have the right to terminate this Agreement when premium payments are more than ninety (90) days past due by giving ninety (90) days’ written notice of termination to the CEDING COMPANY. As of the close of the last day of this ninety (90) day notice period, the REINSURER’s liability for all risks reinsured associated with the defaulted premiums under this Agreement will terminate. The first day of the ninety (90) day notice of termination will be the day the notice is received in the mail by the CEDING COMPANY or if the mail is not used, the day it is delivered to the CEDING COMPANY. If all premiums in default are received within the ninety (90) day time period, the Agreement will remain in effect. 3. Payments between the CEDING COMPANY and the REINSURER may be paid net of any amount due and unpaid under this Agreement.

Reinsurance Administration. A. Within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a seriatim electronic report as detailed in Schedule C, for each contract specified in Schedule A, valued as of the last day of that month. B. Additionally, within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a separate paper report summarizing the following: 1. reinsurance Reinsurance premiums due to the REINSURER separate by issue age and product for each premium class as shown in Exhibit III 2. benefit Benefit claim reimbursements due to the CEDING COMPANY in total and broken down split by VNAR and SCNAR C. If the net balance is due to the REINSURER, the amount due shall be remitted with the report statement. If the net balance is due to the CEDING COMPANY, the REINSURER shall remit the amount to the CEDING COMPANY within ten (10) days of receipt of the report. D. Furthermore, the REINSURER will use the summary data in Schedule C to calculate and monitor its maximum annual aggregate VNAR liability throughout the calendar year. Upon the receipt of the final report for the calendar year, the REINSURER will “"true-up” " benefit claim reimbursements, if necessary, from the prior calendar year. E. Other 1. The REINSURER and the CEDING COMPANY reserve the right to charge interest on the net balance if (a) below occurs. The REINSURER reserves the right to charge interest [on the net balance if (a) or (b) below occur] occurs. Such interest shall be based on the ninety (90) day Federal Government Treasury Xxxx as first published by the Wall Street Journal in the month following the end of the billing period plus fifty (50) basis points. The method of calculation shall be simple interest (360-day year) and applied as follows:). (a) if premiums are the net balance due the REINSURER or the CEDING COMPANY is not paid within sixty (60) days of the due date shown on the statement (b) if the premiums for first year business are not paid within one-hundred-eighty (180) days of the effective date of the policycontract 2. The REINSURER party to whom the net balance is owed will have the right to terminate this Agreement when premium net balance payments are more than ninety not paid for one-hundred-eighty (90180) days past due from the effective date of the policy for new business or anniversary date for renewals, by giving ninety (90) days’ days written notice of termination to the CEDING COMPANYother party. As of the close of the last day of this ninety (90) day notice period, the REINSURER’s 's liability for all risks reinsured associated with the defaulted premiums payments under this Agreement will terminate. The first day of the ninety (90) day notice of termination will be the day the notice is received in the mail by the CEDING COMPANY party in default or if the mail is not used, the day it is delivered to the CEDING COMPANYparty in default. If all premiums in default are received within the ninety (90) day time period, the Agreement will remain in effect. 3. Payments between the CEDING COMPANY and the REINSURER may be paid net of any amount due and unpaid under this Agreement.. Hartford Life and Annuity, Agreement No. 2000-25-DB Effective October 1, 2000

Reinsurance Administration. A. Within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a seriatim electronic report as detailed in Schedule C, for each contract specified in Schedule A, valued as of the last day of that month. B. Additionally, within thirty (30) days of the end of each calendar month, the CEDING COMPANY will furnish the REINSURER with a separate paper report summarizing the following: 1. reinsurance Reinsurance premiums due to the REINSURER separate by issue age and product for each premium class as shown in Exhibit III 2. benefit Benefit claim reimbursements due to the CEDING COMPANY in total and broken down split by VNAR and SCNAR C. If the net balance is due to the REINSURER, the amount due shall be remitted with the report statement. If the net balance is due to the CEDING COMPANY, the REINSURER shall remit the amount to the CEDING COMPANY within ten (10) days of receipt of the report. D. Furthermore, the REINSURER will use the summary data in Schedule C to calculate and monitor its maximum annual aggregate VNAR liability throughout the calendar year. Upon the receipt of the final report for the calendar year, the REINSURER will “"true-up” " benefit claim reimbursements, if necessary, from the prior calendar year. E. Other 1. The REINSURER and the CEDING COMPANY reserve the right to charge interest on the net balance if (a) below occurs. The REINSURER reserves the right to charge interest [on the net balance if (a) or (b) below occur] occurs. Such interest shall be based on the ninety (90) day Federal Government Treasury Xxxx Bill as first published by the bx xxe Wall Street Journal in the month following the end of the billing period plus fifty (50) basis points. The method of calculation shall be simple interest (360-day year) and applied as follows:). (a) if premiums are the net balance due the REINSURER or the CEDING COMPANY is not paid within sixty (60) days of the due date shown on the statement (b) if the premiums for first year business are not paid within one-hundred-eighty (180) days of the effective date of the policycontract 2. The REINSURER party to whom the net balance is owed will have the right to terminate this Agreement when premium net balance payments are more than ninety not paid for one-hundred-eighty (90180) days past due from the effective date of the policy for new business or anniversary date for renewals, by giving ninety (90) days’ days written notice of termination to the CEDING COMPANYother party. As of the close of the last day of this ninety (90) day notice period, the REINSURER’s 's liability for all risks reinsured associated with the defaulted premiums payments under this Agreement will terminate. The first day of the ninety (90) day notice of termination will be the day the notice is received in the mail by the CEDING COMPANY party in default or if the mail is not used, the day it is delivered to the CEDING COMPANYparty in default. If all premiums in default are received within the ninety (90) day time period, the Agreement will remain in effect. 3. Payments between the CEDING COMPANY and the REINSURER may be paid net of any amount due and unpaid under this Agreement.. Hartford Life and Annuity, Agreement No. 2000-25-DB Effective October 1, 2000