Common use of PREMIUM TAX Clause in Contracts

PREMIUM TAX. Reinsurer shall reimburse Ceding Company annually (or such shorter period as the parties agree) for an amount equal to the premium tax and any other tax required to be paid by Ceding Company to any State or political sub-division thereof with respect to any premiums received for the Reinsured Contracts after the Effective Date. Reinsurer shall, on a timely basis and in accordance with Section 6.01, provide Ceding Company any information necessary for Ceding Company to make such tax payments.

Appears in 6 contracts

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

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PREMIUM TAX. Reinsurer shall reimburse Ceding Company annually (or such shorter period as the parties agree) for an amount equal to the premium tax and any other tax required to be paid by Ceding Company to any State or political sub-division thereof with respect to any premiums received for the Reinsured Contracts Policies after the Effective Date. Reinsurer shall, on a timely basis and in accordance with Section 6.01, provide Ceding Company any information necessary for Ceding Company to make such tax payments.

Appears in 2 contracts

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

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