Billing and Collection. NATIONWIDE - Receives premium/purchase payments and reconciles amount received with remittance media. - Updates Contract Owner records to reflect receipt of premium/purchase payment and performs accounting/ investment allocation of each payment received. - Deposits all cash received under the Products in accordance with the terms of the Products.
Appears in 14 contracts
Samples: Marketing Coordination And (Nationwide Vli Separate Account 4), Administrative Services Agreement (Nationwide Variable Account Ii), Marketing Coordination and Administrative Services Agreement (Nationwide Life Insurance Co)
Billing and Collection. NATIONWIDE - Receives premium/purchase payments and reconciles amount received with remittance media. - Updates Contract Owner records to reflect receipt of premium/purchase payment and performs accounting/ accounting/investment allocation of each payment received. - Deposits all cash received under the Products in accordance with the terms of the Products.
Appears in 2 contracts
Samples: Services Agreement (Nationwide Variable Account 14), And Administrative Services Agreement (Nationwide Variable Account -10)
Billing and Collection. NATIONWIDE - Receives premium/purchase payments and reconciles amount received with remittance media. - Updates Contract Owner records to reflect receipt of premium/purchase payment and performs accounting/ investment allocation of each payment received. - Deposits all cash received under the Products in accordance with the terms of the Products. - Balances, edits, endorses and prepares daily deposit.
Appears in 2 contracts
Samples: Marketing Coordination and Administrative Services Agreement (Nationwide Life & Annuity Va Separate Account a /Oh/), Marketing Coordination and Administrative Services Agreement (Nationwide Vli Separate Account 5)
