Delayed Payment. If premium balances remain unpaid for more than sixty (60) days after they are due pursuant to Article 5.2 above, the Reinsurer reserves the right to charge interest from the end of the reporting period. Interest will be calculated using the index specified in Article 12.6.
Appears in 6 contracts
Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Yrt Reinsurance Agreement (Farmers Variable Life Separate Account A), Reinsurance Agreement (Nationwide VLI Separate Account-7)
Delayed Payment. If premium balances remain unpaid for more than sixty (60) days after they are due pursuant to Article 5.2 above, the Reinsurer reserves the right to charge interest from the end of the reporting period. Interest will be calculated using the index specified in Article 12.612.7.
Appears in 4 contracts
Samples: Reinsurance Agreement (Penn Mutual Variable Life Account I), Reinsurance Agreement (Thrivent Variable Life Account I), Reinsurer Agreement (Allstate Assurance Co Variable Life Separate Account)
Delayed Payment. If premium balances remain unpaid for more than sixty (60) days after they are due pursuant to Article 5.2 above, the Reinsurer reserves the right to charge interest from the end of the reporting period. Interest will be calculated using the index specified in Article 12.612.8.
Appears in 2 contracts
Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Ameritas Life Insurance Corp Separate Account LLVL)
Delayed Payment. If premium balances remain unpaid for more than sixty (60) 60 days after they are due pursuant to Article 5.2 above, the Reinsurer reserves the right to charge interest Interest from the end of the reporting period. Interest will be calculated using the index Index specified in Article 12.613.
Appears in 1 contract
Samples: Ance Agreement (Farmers Variable Life Separate Account A)
Delayed Payment. If premium balances remain unpaid for more than sixty (60) calendar days after they are due pursuant to Article 5.2 above, the Reinsurer reserves the right to charge interest from the end of the reporting period. Interest will be calculated using the index specified in Article 12.612.7. Any outstanding balances due from the Reinsurer to the Ceding Company will be treated similarly.
Appears in 1 contract
Samples: Reinsurance Agreement (Symetra Separate Account Sl)
