PREMIUM DUE. The reinsurance premiums for each reinsurance cession are due as shown in Schedule A and payable to REINSURER within 30 days after the end of the month in which they become due. The reinsurance premiums are determined according to Schedule B. On any payment date, monies payable between REINSURER and CEDING COMPANY under this Agreement may be netted to determine the payment due.
Appears in 10 contracts
Samples: Automatic and Facultative Reinsurance Agreement (Ids Life of New York Account 8), Automatic and Facultative Reinsurance Agreement (Ids Life of New York Account 8), Automatic and Facultative Reinsurance Agreement (Ids Life Variable Life Separate Account)
PREMIUM DUE. The reinsurance premiums for each reinsurance cession are due due, as shown in Schedule A and payable to REINSURER SECURITY within 30 days after the end of the month in which they become due. The reinsurance premiums are determined according to Schedule B. On any payment date, monies payable between REINSURER SECURITY and CEDING COMPANY under this Agreement FORTIS BENEFITS may be netted to determine the payment due.
Appears in 1 contract
Samples: Automatic and Facultative Reinsurance Agreement (Union Security Insurance Co Variable Account C)
