Supplemental Accounting. In the event that, subsequent to the Terminal Accounting and Settlement an adjustment is made with respect to any amount taken into account in the Terminal Accounting and Settlement, a supplemental accounting shall be made. Any net amount owed to the Reinsurer or the Company by reason of such supplemental accounting, plus any interest due accumulated at the Accrual Rate to the date of payment, shall be paid promptly upon the completion of such supplemental accounting.
Appears in 5 contracts
Samples: Coinsurance Agreement, Coinsurance Agreement (Eagle Life Insurance Co), Coinsurance Agreement (Eagle Life Insurance Co)
Supplemental Accounting. In the event that, subsequent to the Terminal Accounting and Settlement Settlement, an adjustment is made with respect to any amount taken into account in the Terminal Accounting and Settlement, or in the event that the Company pays a Direct Paid Claim that accrued prior to the termination hereof, a supplemental accounting shall be made. Any net amount owed to the Reinsurer or the Company by reason of such supplemental accounting, plus any interest due accumulated at the Accrual Rate pursuant to the date of paymentSection 7.6, shall be paid promptly upon the completion of such supplemental accounting.
Appears in 2 contracts
Samples: Reinsurance Agreement (Physicians Health Services Inc), Reinsurance Agreement (Physicians Health Services Inc)
Supplemental Accounting. In the event that, subsequent to the Terminal Accounting and Settlement an adjustment is made with respect to any amount taken into account in the Terminal Accounting and Settlement, a supplemental accounting shall be made. Any net amount owed to the Reinsurer or the Company by reason of such supplemental accounting, plus any interest due accumulated at the Accrual Rate to the date of payment, shall be paid promptly upon the completion of such supplemental accounting.. ARTICLE XIII
Appears in 1 contract
Samples: Coinsurance Agreement (American Equity Investment Life Holding Co)
