Common use of CHARGES AND PAYMENT Clause in Contracts

CHARGES AND PAYMENT. Insurance Company agrees to reimburse, or agrees to cause an affiliate to reimburse, 1851 for its allocable share of the expenses incurred by 1851 in connection with its provision of services under this Agreement and the distribution of the Plans at cost. The methods for allocating expenses to 1851 shall be determined in accordance with the requirements prescribed in applicable insurance laws and regulations including New York Insurance Regulation No. 33. 1851 shall deliver a monthly report of expenses within 30 days of month end, and Insurance Company shall make payment within 15 days of receipt.

Appears in 26 contracts

Samples: Principal Underwriting Agreement (Delaware Life Ny Variable Account C), Principal Underwriting Agreement (Delaware Life Ny Variable Account C), Principal Underwriting Agreement (Delaware Life Ny Variable Account C)

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