ADMINISTERED REPORTING Sample Clauses
The Administered Reporting clause establishes the procedures and responsibilities for submitting, managing, and verifying reports required under an agreement. Typically, this clause outlines which party is responsible for preparing and delivering reports, the format and frequency of such reports, and any standards or platforms to be used for submission. For example, it may require monthly financial statements or compliance updates to be sent to a designated administrator. Its core function is to ensure that all necessary information is consistently and accurately communicated between parties, thereby promoting transparency and accountability throughout the contractual relationship.
ADMINISTERED REPORTING. The Ceding Company will self-administer all reinsurance reporting. The Ceding Company will send the Reinsurer the reports listed below at the frequency specified. MONTHLY TRANSACTION REPORTS
ADMINISTERED REPORTING. The Company will maintain adequate records to administer the reinsurance accounts and will cede reinsurance under this Agreement on a self-administration basis. Within thirty (30) days after the end of the reporting period, the Company will provide the Reinsurer with an activity report(s) in a mutually agreed upon electronic format, substantially in conformity with the following:
ADMINISTERED REPORTING. The Ceding Company will self-administer all reinsurance reporting. The Ceding Company will send Munich Re, U.S. (Life) the reports listed below. The reports shall be in an electronic data format acceptable to Munich Re, U.S. (Life). If changes to the data format are made, the Ceding Company shall provide an updated data dictionary and file layout.
ADMINISTERED REPORTING. The Company will remit a check for the balance indicated in the monthly statements to Life Re along with the reporting form set forth in Schedule B or a mutually agreed upon form submitted by the Company. If a balance is due the Company, it will be remitted by Life Re promptly. Within ten (10) days following the close of each calendar month, the Company will forward to Life Re on computer tape or other acceptable form, reports in substantial conformity with the following:
A. MONTHLY NEW BUSINESS REPORT
(1) policy number; (10) amount reinsured; (2) full name of insured; (11) automatic/facultative indicator; (3) date of birth; (12) state of residence; (4) sex; (13) table rating; (5) issue age; (14) flat extra (amount + number of years); (6) policy date; (15) death benefit option (UL products); (7) underwriting; (16) amount at risk classification; (8) plan of insurance; (17) transaction code; (9) amount issued; (18) currency if other than U.S.; and (19) qualified pension (yes/no). LIFE RE AGREEMENT #6550-1
ADMINISTERED REPORTING. The Company will remit a check for the balance indicated in the monthly statements to Life Re along with the reporting form set forth in Schedule B or a mutually agreed upon form submitted by the Company. If a balance is due the Company, it will be remitted by Life Re promptly. Within ten (10) days following the close of each calendar month, the Company will forward to Life Re on computer tape or other acceptable form, reports in substantial conformity with the following:
A. MONTHLY NEW BUSINESS REPORT
(1) policy number (10) amount reinsured (2) full name of insured (11) automatic/facultative indicator (3) date of birth (12) state of residence (4) sex (13) table rating (5) issue age (14) flat extra (amount + number of years) (6) policy date (15) death benefit option (UL products) (7) underwriting (16) amount at risk classification (8) plan of insurance (17) transaction code (9) amount issued (18) currency if other than U.S.