SETTLEMENT AND REPORTING Clause Samples

SETTLEMENT AND REPORTING. A. While this Agreement is in effect, Ceding Company shall pay to Reinsurer no less frequently than quarterly, with respect to eligible Policies, a reinsurance premium equal to (or the accounting equivalent of) the sum of Items (a) and (b) less (c) below. (a) Gross premiums (direct and reinsurance assumed) collected by Ceding Company during the settlement period. (b) Policy loan repayments collected by Ceding Company with respect to the Policies. (c) Gross premiums refunded by Ceding Company during the settlement period to policyholders. B. While this Agreement is in effect, Reinsurer shall pay to Ceding Company no less frequently than quarterly, a benefit and expense allowance equal to (or the accounting equivalent of) the sum of Items (a), (b), (c), (d), (e) and (f), as applicable for the period since the date of Reinsurer's last payment to Ceding Company. (a) Net Benefits paid or incurred by Ceding Company with respect to the Policies. (b) Commissions and other sales compensation paid or incurred by Ceding Company with respect to the Policies. (c) Premium taxes paid or incurred by Ceding Company with respect to the Policies. (d) Policy loan distributions to policyholders paid or incurred by Ceding Company with respect to the Policies. (e) Net reinsurance premiums paid or incurred by Ceding Company to another reinsurer with respect to the Policies. (f) So long as Ceding Company and Reinsurer remain affiliates, general insurance expenses and insurance taxes, licenses and fees excluding income taxes (Annual Statement Page 4 Lines 23 and 24) paid or incurred by Ceding Company with respect to the Policies shall be paid by Reinsurer to Ceding Company. C. Ceding Company will provide Reinsurer with accounting reports on a time schedule determined by Reinsurer, which schedule shall be no less frequently than quarterly within fifteen (15) days following the end of each calendar quarter. These reports will contain sufficient information about the Policies to enable the Reinsurer to prepare its quarterly and annual financial reports. D. Settlements as set out in Article VI, Paragraphs 1 and 2 will occur on a time schedule determined by Reinsurer, which schedule shall be no less frequently than quarterly within sixty (60) days following the end of each calendar quarter. E. In the event the Administrative Services Agreement is terminated for any reason and is not replaced by another services agreement for the Policies between Ceding Company and Reinsurer or any of it...

SETTLEMENT AND REPORTING. Cash advances must be settled within five (5) business days after returning from the pre-approved trip. Settlement consists of reporting the advance on a travel expense and deducting the advance from the final balance due.

SETTLEMENT AND REPORTING. A. While this Agreement is in effect, the Ceding Company shall pay to the Reinsurer no less frequently than quarterly, with respect to the Policies, a reinsurance premium equal to Items (a) less (b) below, where: (a) equals gross premiums collected by the Ceding Company during the settlement period net of reinsurance premiums paid with respect to the Policies, and (b) equals gross premiums refunded by the Ceding Company during the settlement period to policyholders of the Policies. B. While this Agreement is in effect, the Reinsurer shall pay to the Ceding Company no less frequently than quarterly, a benefit and expense allowance equal to the sum of Items (a), (b), (c) and (d), as applicable for the period since the last settlement period, where: (a) equals the Net Benefits paid or incurred by the Ceding Company with respect to the Policies. (b) equals commissions and other sales compensation paid or incurred by the Ceding Company with respect to the Policies. (c) equals insurance taxes, licenses and fees (including allocated taxes, licenses and fees, but excluding income taxes) paid or incurred by the Ceding Company with respect to the Policies. (d) equals general insurance expenses (including allocated expenses) paid or incurred by the Ceding Company with respect to the Policies. C. The Ceding Company will provide the Reinsurer with accounting reports on a time schedule determined by the Reinsurer, which schedule shall be no less frequently than quarterly within fifteen (15) business days following the end of each calendar quarter. These reports will contain sufficient information about the Policies to enable the Reinsurer to prepare its quarterly and annual financial reports. D. Settlements as set out in Article VI, Paragraphs A and B will occur on a time schedule determined by the Reinsurer, which schedule shall be within sixty (60) days following the end of each calendar quarter.

SETTLEMENT AND REPORTING. A. While this Agreement is in effect, the Ceding Company shall pay to the Reinsurer no less frequently than quarterly, with respect to the Policies, a reinsurance premium equal to the sum of Items (a), (b), (c), and (d) below, where: a. equals gross premiums collected by the Ceding Company during the settlement period net of reinsurance premiums paid with respect to the Policies, less gross premiums refunded by the Ceding Company during the settlement period to policyholders of the Policies. b. equals policy loan principal repayments and interest collected by the Ceding Company with respect to the Policies. c. equals any charges, fees, and similar amounts received or receivable by the Ceding Company from the Separate Accounts with respect to the variable Policies (collectively, the “Separate Account Charges”). For the avoidance of doubt, the Separate Account Charges shall include any revenue sharing fees, service fees and distribution fees received from or in respect of funds pursuant to a plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended. d. equals all amounts that are transferrable from the Separate Accounts to the general account of the Ceding Company in respect of the Policies. B. While this Agreement is in effect, the Reinsurer shall pay to the Ceding Company no less frequently than quarterly, a benefit and expense allowance equal to the sum of Items (a), (b), (c), (d), (e), and (f) as applicable for the period since the last settlement period, where: a. equals the Net Benefits paid or incurred by the Ceding Company with respect to the Policies. b. equals commissions and other sales compensation paid or incurred by the Ceding Company with respect to the Policies. c. equals insurance taxes, licenses and fees (including allocated taxes, licenses and fees, but excluding income taxes) paid or incurred by the Ceding Company with respect to the Policies. d. equals policy loan distributions to policyholders paid or payable by the Ceding Company with respect to the Policies. e. equals general insurance expenses (including allocated expenses) paid or incurred by the Ceding Company with respect to the Policies. f. equals all amounts that are transferrable to the Separate Accounts from the general account of the Ceding Company in respect of the Policies. C. The Ceding Company will provide the Reinsurer with accounting reports on a time schedule determined by the Reinsurer, which schedule shall be no less frequently than qua...

SETTLEMENT AND REPORTING. 12 Article VII.

SETTLEMENT AND REPORTING. Except as expressly set forth in this Letter of Amendment, the Agreement will remain in full force and effect in accordance with its terms.

SETTLEMENT AND REPORTING. A. Within sixty (60) days after the end of each calendar month while this Agreement is in effect, Ceding Company shall pay to Reinsurer, with respect to the Policies, a monthly reinsurance premium in accordance with Article V. B. Within sixty (60) days after the end of each calendar month while this Agreement is in effect, Reinsurer shall pay to Ceding Company Net Benefits paid or incurred during the settlement period by Ceding Company with respect to the Policies. C. Ceding Company will provide Reinsurer with accounting reports on a time schedule determined by Reinsurer, which schedule shall be no less frequently than quarterly within fifteen (15) days following the end of each calendar quarter. These reports will contain sufficient information about the Policies to enable the Reinsurer to prepare its quarterly and annual financial reports. D. Within sixty (60) days following the end of each calendar month, Ceding Company shall provide Reinsurer a list of all policies reinsured under this agreement and in force at the beginning of such calendar month.

SETTLEMENT AND REPORTING. A. On the Effective Date, the Ceding Company shall internally segment Invested Assets on behalf of the Reinsurer with a statutory book value equal to Items (a) and (b) less Items (c) and (d)

SETTLEMENT AND REPORTING. Section 6.01