Additional Audit Requirements. To the extent required by Applicable Law, if Administrator provides administrative services on behalf of Customer with respect to more than one hundred (100) covered individuals who are resident in a state that so requires, then Customer shall review the operations of Administrator not less than semi-annually. At least one such review shall be conducted onsite annually.
Appears in 3 contracts
Sources: Master Agreement (Modern Woodmen of America Variable Annuity Account), Third Party Administrator Agreement (Separate Account Va-K of Commonwealth Annuity & Life Insurance Co), Third Party Administrator Agreement
Additional Audit Requirements. To the extent required by Applicable Law, if Administrator provides administrative services on behalf of Customer with respect to more than one hundred (100) covered individuals who are resident in a state that so requires, then Customer shall review the operations of Administrator not less than semi-semi- annually. At least one such review shall be conducted onsite annually.
Appears in 1 contract
Sources: Master Services Agreement (Delaware Life Variable Account I)