Common use of REINSURANCE REPORTS Clause in Contracts

REINSURANCE REPORTS. Reinsurance shall be self-administered by the Ceding Company. The Ceding Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterly. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) Policy Duration Reinsurance Commission or Allowances Transaction Type* Policy Fee Transaction Effective Date Premium Taxes Reimbursed Table Rating Cash Values Reimbursed Flat Extra Amount and Duration Dividends Reimbursed Plan Name or Code Net Amount due the Reinsurer or the Ceding Company Underwriting Classification * Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens Decrease in Amount Surrender Cancellation of Reinsurance Lapse Recapture Reinstatement Death Conversion Expiration Exchange Other Changes Increase in Amount Separate listings shall be provided for new issues, renewals, terminations, and other adjustments. [page break] Schedule F - Reinsurance Reports

Appears in 2 contracts

Samples: Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I), Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)

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REINSURANCE REPORTS. Reinsurance shall be on a self-administered by the Ceding CompanyReinsured. The Ceding Company Reinsured shall maintain up-to-date records on business reinsured under the Agreement agreement sufficient for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterlymonth. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Monthly Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount insured Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) year Policy Duration Transaction type* Transaction effective date Table rating Flat extra amount and duration Plan name or code Underwriting classification Joint life information Policy face amount Reinsurance Commission amount(s) issued Retained amount Reinsurance net amount at risk Death benefit option Reinsurance premiums (first year and renewal) Reinsurance commission or Allowances Transaction Type* allowances Policy Fee Transaction Effective Date fee Premium Taxes Reimbursed Table Rating taxes reimbursed Cash Values Reimbursed Flat Extra Amount and Duration values reimbursed Dividends Reimbursed Plan Name or Code reimbursed Net Amount amount due the Reinsurer or the Ceding Company Underwriting Classification * Reinsured *Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens takens Surrender Lapse Reinstatement Conversion Exchange Increase in amount Decrease in Amount Surrender amount Cancellation of Reinsurance Lapse reinsurance Recapture Reinstatement Death Conversion Expiration Exchange Expiry Other Changes Increase in Amount changes Separate listings shall be provided for new issues, renewals, terminations, and other adjustments. adjustments [page break] Schedule F - Reinsurance ReportsSCHEDULE E: REINSURANCE REPORTS (Continued) Summary Reports Summary reports shall be provided to the Reinsured which include appropriate subtotals and totals of premiums, commissions and allowances, and premium tax by reporting category and in total. Policy exhibit summaries shall also be provided to the Reinsured showing the reinsured amounts at the beginning of the reporting period, any increases, decreases and terminations during the reporting period, and the reinsured amounts at the end of the reporting period.

Appears in 1 contract

Samples: Automatic Yrt Agreement (MML Bay State Variable Life Separate Account I)

REINSURANCE REPORTS. Reinsurance shall be self-administered by the Ceding Company. The Ceding Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterly. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) Policy Duration Reinsurance Commission or Allowances Transaction Type* Policy Fee Transaction Effective Date Premium Taxes Reimbursed Table Rating Cash Values Reimbursed Flat Extra Amount and Duration Dividends Reimbursed Plan Name or Code Net Amount due the Reinsurer or the Ceding Company Underwriting Classification * Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens Decrease in Amount Surrender Cancellation of Reinsurance Lapse Recapture Reinstatement Death Conversion Expiration Exchange Other Changes Increase in Amount 14 MM# 0102C Separate listings shall be provided for new issues, renewals, terminations, and other adjustments. [page break] Schedule F - Reinsurance Reports]

Appears in 1 contract

Samples: Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)

REINSURANCE REPORTS. Reinsurance shall be self-administered by the Ceding Company. The Ceding Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterlymonthly. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) Policy Duration Reinsurance Commission or Allowances Transaction Type* Policy Fee Transaction Effective Date Premium Taxes Reimbursed Table Rating Cash Values Reimbursed Flat Extra Amount and Duration Dividends Reimbursed Plan Name or Code Net Amount due the Reinsurer or the Ceding Company Co. Underwriting Classification * Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens Decrease in Amount Surrender Cancellation of Reinsurance Lapse Recapture Reinstatement Death Conversion Expiration Exchange Other Changes Increase in Amount Separate listings Listings shall be provided separately for new issues, renewals, terminations, and other adjustments. [page break] Schedule F - Reinsurance ReportsSCHEDULE E: REINSURANCE REPORTS (Continued)

Appears in 1 contract

Samples: Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)

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REINSURANCE REPORTS. Reinsurance shall be self-administered by the Ceding Company. The Ceding Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be quarterly. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: Bordereau Detail Reports: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint Life Information Name of the Insured Policy Face Amount Sex Reinsurance Amount(s) Issued Date of Birth Retained Amount Issue Age Reinsurance Net Amount at Risk Policy Date Death Benefit Option Policy Year Reinsurance Premiums (First Year-End Renewal) Policy Duration Reinsurance Commission or Allowances Transaction Type* Policy Fee Transaction Effective Date Premium Taxes Reimbursed Table Rating Cash Values Reimbursed Flat Extra Amount and Duration Dividends Reimbursed Plan Name or Code Net Amount due the Reinsurer or the Ceding Company Underwriting Classification * Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not Takens Decrease in Amount Surrender Cancellation of Reinsurance Lapse Recapture Reinstatement Death Conversion Expiration Exchange Other Changes Increase in Amount Separate listings shall be provided for new issues, renewals, terminations, and other adjustments. [page break] Schedule F - Reinsurance Reports]

Appears in 1 contract

Samples: Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)

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