Form of Statements. All statements provided pursuant to Articles VII(C)(1) and (2) above shall summarize the items to be settled in reasonable detail. It is intended that the statements be transmitted by facsimile or other similar means of convenient written communication, but, in the event that any statement cannot be transmitted after application of commercially reasonable efforts, the Reinsurer may notify the Company of any settlement due by oral communication, in which case the Reinsurer shall provide hard copy of the settlement statement as promptly as practicable.
Appears in 2 contracts
Sources: Purchase Agreement (Charter National Variable Annuity Account), Purchase Agreement (Intramerica Variable Annuity Account)