Premium Accounting. A. If reinsurance premiums are not paid by the REMITTANCE DATE, interest in accordance with Article III, paragraph E will be assessed from the REMITTANCE DATE. The payment of interest, however, shall not prohibit the REINSURER from exercising its right to terminate the treaty for non-payment of reinsurance premiums in accordance with Article III, paragraph D.2.
Appears in 4 contracts
Samples: GMDB Reinsurance Agreement (Allmerica Fin Life Ins & Ann Co Allmerica Sel Acct), GMDB Reinsurance Agreement (Allmerica Fin Life Ins & Ann Co Allmerica Sel Acct), GMDB Reinsurance Agreement (Separate Account Kg of First Allmerica Fin Life Ins Co)