Common use of AUDIT OF RECORDS AND PROCEDURES Clause in Contracts

AUDIT OF RECORDS AND PROCEDURES. Ceding Company shall have the right to audit during normal business hours and at the office of Reinsurer or any service provider designated by Reinsurer pursuant to Section 6.02 all records and procedures relating to the Reinsured Contracts and the Services provided by or on behalf of Reinsurer under this Agreement. Further, Reinsurer agrees to confirm, at reasonable request of Ceding Company, the existence of the Reinsured Contracts. In conjunction with any examination of Ceding Company by the Insurance Department (or any other regulatory body) of any jurisdiction in which Ceding Company is licensed, Reinsurer shall permit an examination of its books and records relating to the Reinsured Contracts.

Appears in 6 contracts

Samples: Service Agreement (Hancock John Variable Annuity Account H), Service Agreement (Hancock John Variable Annuity Account Jf), Service Agreement (Hancock John Variable Annuity Account H)

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AUDIT OF RECORDS AND PROCEDURES. Ceding Company shall have the right to audit during normal business hours and at the office of Reinsurer or any service provider designated by Reinsurer pursuant to Section 6.02 all records and procedures relating to the Reinsured Contracts Policies and the Services provided by or on behalf of Reinsurer under this Agreement. Further, Reinsurer agrees to confirm, at reasonable request of Ceding Company, the existence of the Reinsured ContractsPolicies. In conjunction with any examination of Ceding Company by the Insurance Department (or any other regulatory body) of any jurisdiction in which Ceding Company is licensed, Reinsurer shall permit an examination of its books and records relating to the Reinsured ContractsPolicies.

Appears in 2 contracts

Samples: Service Agreement, Service Agreement (Hancock John Variable Life Account U)

AUDIT OF RECORDS AND PROCEDURES. Ceding Company shall have the right to audit during normal business hours and at the office of Reinsurer or any service provider designated by Reinsurer pursuant to Section 6.02 Article 6 all records and procedures relating to the Reinsured Contracts Policies and the Services provided by or on behalf of Reinsurer under this Agreement. Further, Reinsurer agrees to confirm, at reasonable request of Ceding Company, the existence of the Reinsured ContractsPolicies. In conjunction with any examination of Ceding Company by the Insurance Department (or any other regulatory body) of any jurisdiction in which Ceding Company is licensed, Reinsurer shall permit an examination of its books and records relating to the Reinsured ContractsPolicies.

Appears in 2 contracts

Samples: Service Agreement (MetLife Insurance CO of Connecticut), Service Agreement (Metlife of Ct Fund Ul Iii for Variable Life Insurance)

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AUDIT OF RECORDS AND PROCEDURES. Ceding Company shall have the right to audit during normal business hours and at the office of Reinsurer or any service provider designated by Reinsurer pursuant to Section 6.02 Article 6 all records and procedures relating to the Reinsured Contracts and the Services provided by or on behalf of Reinsurer under this Agreement. Further, Reinsurer agrees to confirm, at reasonable request of Ceding Company, the existence of the Reinsured Contracts. In conjunction with any examination of Ceding Company by the Insurance Department (or any other regulatory body) of any jurisdiction in which Ceding Company is licensed, Reinsurer shall permit an examination of its books and records relating to the Reinsured Contracts.

Appears in 2 contracts

Samples: Service Agreement (MetLife Insurance CO of Connecticut), Service Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities)

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