Recordkeeping services definition
Recordkeeping services means services provided by an insurer who has entered into an agreement with a group policy customer to be responsible for obtaining, maintaining, and administering in the insurer’s own recordkeeping systems at least all of the following information about each individual insured under the insured’s group insurance contract or a line of coverage thereunder:
Recordkeeping services. [We generally provide Plan recordkeeping services when all of a Plan's funds are held under this contract. We decline to provide Plan recordkeeping services if you elect to allocate Plan funds to investments other than this contract, or if your Plan's recordkeeping practices, in our judgment, impose an administrative or financial burden on us. If we cease to provide Plan recordkeeping for any reason, any administrative services agreement between you and us regarding your Plan and/or this contract is thereby terminated.]
Recordkeeping services means those circumstances under which the insurer has agreed with a group policy or contract customer to be responsible for obtaining, maintaining, and admin- istering in its own or its agents’ systems information about each individual insured under an insured’s group insurance contract, or a line of coverage thereunder, at least the following information:
Examples of Recordkeeping services in a sentence
Perform comparisons, either directly or indirectly, of all of its in-force Insureds, Accountholders, Annuity Contract Owners, and annuitants, for which the Company provides Recordkeeping services, against the DMF, or an equivalent database containing the same information as the DMF, on at least a monthly basis in accordance with the transition period set forth in Schedule B.
More Definitions of Recordkeeping services
Recordkeeping services means services provided
Recordkeeping services means those circumstances under
Recordkeeping services means services provided by an insurer, under an agreement with a group policy or contract holder, to obtain, maintain, and administer in the insurer's or the insurer's agents' systems the following information about each individual insured under the group policy or contract or a line of coverage under that policy or contract:
Recordkeeping services means the services provided by an insurance company under the terms of
Recordkeeping services. We cease to maintain individual Participant Accounts under the contract if we cease to provide Plan recordkeeping services.
Recordkeeping services. We generally provide Plan recordkeeping services when all of a Plan's funds are held under this contract. We decline to provide Plan recordkeeping services if the Plan Sponsor elects to allocate its Plan funds to investments other than this contract, or if its Plan's recordkeeping practices, in our judgment, impose an administrative or financial burden on us. If we cease to provide Plan recordkeeping for any reason, any administrative services agreement between us and the Plan Sponsor regarding its Plan and/or this contract is thereby terminated.] GBErTDA.OM-ChuK [(SBR)] 24 [TABLE OF CONTRACT CHARGES
Recordkeeping services means those recordkeeping and administrative services that are ministerial in nature and are provided within a framework of plan provisions, guidelines and interpretations conveyed in writing to the Recordkeeper by the Administrator and as documented in the Plan Administration Manual that the Recorkeeper has agreed to perform pursuant to this Agreement.