Common use of CONTINUES Clause in Contracts

CONTINUES. reinsurance premiums less refunds and allowances (dividends and cash values, if applicable) which are due during the current month. C. If a net reinsurance premium balance is payable to us, you must pay this balance within twenty-five days after the close of that month. If the full balance is not received within the twenty-five day period, the reinsurance premiums for reinsurance risks listed on the statement, for which payment was not received, will be delinquent. D. If a net reinsurance premium balance is payable to you, we must pay this net balance within twenty-five days after the monthly statement was sent to you.