Common use of Supplementary Accounting and Settlement Clause in Contracts

Supplementary Accounting and Settlement. In the event that, subsequent to the terminal accounting and settlement as provided above, a change is made with respect to any amount taken into account pursuant to Article 6, Reinsurance Reporting and Premium Accounting, a supplementary accounting shall take place. Any amount owed to the Reinsurer or to the Reinsured by reason of such supplementary accounting shall be paid promptly upon the completion thereof.

Appears in 4 contracts

Samples: www.sec.gov, Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP), Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP)

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Supplementary Accounting and Settlement. In the event that, subsequent to the terminal accounting and settlement as provided aboveabove provided, a change is made with respect to any amount taken into account pursuant to Article 6, Reinsurance Reporting and Premium AccountingSchedule B, a supplementary accounting shall take place. Any amount owed to the Reinsurer or to from the Reinsured Reinsurer by reason of such supplementary accounting shall be paid promptly upon the completion thereof.

Appears in 2 contracts

Samples: Retrocession Agreement (Scottish Re Group LTD), Retrocession Agreement (Scottish Re Group LTD)

Supplementary Accounting and Settlement. In the event that, subsequent to the terminal accounting and settlement as provided above, a change is made with respect to any amount taken into account pursuant to Article 6, Reinsurance Reporting and Premium Accounting, a supplementary accounting shall take place. Any amount owed to the Reinsurer or to the Reinsured Ceding Company by reason of such supplementary accounting shall be paid promptly upon the completion thereof.

Appears in 2 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement (WRL Series Annuity Account)

Supplementary Accounting and Settlement. In the event that, subsequent to the terminal accounting and settlement as provided above, a change is made with respect to any amount taken into account pursuant to Article 6, Reinsurance Reporting and Premium Accounting, a supplementary accounting shall take place. Any amount owed to the Reinsurer or to the Reinsured Company by reason of such supplementary accounting shall be paid promptly upon the completion thereof.

Appears in 1 contract

Samples: Reinsurance Agreement (Separate Account Va R)

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Supplementary Accounting and Settlement. In the event that, subsequent to the a terminal accounting and settlement as provided above, a change is made with respect to any amount taken into account pursuant to Article 610, Reinsurance Reporting and Premium Accounting, then a supplementary accounting shall take place. Any amount owed to the Reinsurer or to the Reinsured Company by reason of such supplementary accounting shall be paid promptly upon the completion thereof.

Appears in 1 contract

Samples: Coinsurance Agreement (Fortune v Separate Account)

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