Common use of Description of Accounting Services on a Continuous Basis Clause in Contracts

Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Subaccount: (i) Journalize investment, capital share and income and expense activities; (ii) Maintain individual ledgers for investment securities; (iii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (iv) Calculate mortality and expense; (v) Control all disbursements and authorize such disbursements upon Written Instructions; (vi) Calculate capital gains and losses; (vii) Determine net income; (viii) Compute Subaccount accumulated unit value on a daily basis; (ix) Prepare annual financial statement, which will include the following items: Statement of Assets and Liabilities Statement of Operations Statement of Changes in Net Assets (x) Receive NAV information from other advisers identified by PLIC and compute unit values; and (xi) Transmit Subaccount information in electronic form daily in a timely manner. In addition, PFPC will provide to PLIC the DataPathsm Internet access services as set forth on Exhibit C attached hereto and made a part hereof, as such Exhibit C may be amended from time to time. Persons who are PLIC “Authorized Users” to access DataPathsm are set forth on Exhibit C attached hereto and made a part hereof, as such Exhibit D may be amended from time to time.

Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Subaccount: (i) Journalize investment, capital share and income and expense activities; (ii) Maintain individual ledgers for investment securities; (iii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (iv) Calculate mortality and expense; (v) Control all disbursements and authorize such disbursements upon Written Instructions; (vi) Calculate capital gains and losses; (vii) Determine net income; (viii) Compute Subaccount accumulated unit value on a daily basis; (ix) Prepare annual financial statement, which will include the following items: Statement of Assets and Liabilities Statement of Operations Statement of Changes in Net Assets (x) Receive NAV information from other advisers identified by PLIC PLAC and compute unit values; and (xi) Transmit Subaccount information in electronic form daily in a timely manner. In addition, PFPC will provide to PLIC PLAC the DataPathsm Internet access services as set forth on Exhibit C attached hereto and made a part hereof, as such Exhibit C may be amended from time to time. Persons who are PLIC PLAC “Authorized Users” to access DataPathsm are set forth on Exhibit C attached hereto and made a part hereof, as such Exhibit D may be amended from time to time.

Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Subaccount: (i) Journalize investment, capital share and income and expense activities; (ii) Maintain individual ledgers for investment securities; (iii) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (iv) Calculate mortality and expense; (v) Control all disbursements and authorize such disbursements upon Written Instructions; (vi) Calculate capital gains and losses; (vii) Determine net income; (viii) Compute Subaccount accumulated unit value on a daily basis; (ix) Prepare annual financial statement, which will include the following items: Statement of Assets and Liabilities Statement of Operations Statement of Changes in Net Assets (x) Receive NAV information from other advisers identified by PLIC PHLVIC and compute unit values; and (xi) Transmit Subaccount information in electronic form daily in a timely manner. In addition, PFPC will provide to PLIC PHLVIC the DataPathsm Internet access services as set forth on Exhibit C attached hereto and made a part hereof, as such Exhibit C may be amended from time to time. Persons who are PLIC PHLVIC “Authorized Users” to access DataPathsm are set forth on Exhibit C attached hereto and made a part hereof, as such Exhibit D may be amended from time to time.