Common use of OFFICE RECORDS; REPORTS; EXAMINATIONS; INVESTMENTS AND ACCOUNTS Clause in Contracts

OFFICE RECORDS; REPORTS; EXAMINATIONS; INVESTMENTS AND ACCOUNTS. (a) Office, Books and Records. MMB shall maintain an office in Bermuda, which shall be appropriately identified as an office of INSURANCE CO. MMB shall keep at such office, in a manner and form approved by or acceptable to INSURANCE CO., true and complete books of account and records of all business conducted under and pursuant to this Agreement and shall, at all reasonable times, make available for examination and inspection to a duly authorized representative of INSURANCE CO. or the Registrar, all such books and records. Such books and records shall remain the property of INSURANCE CO. and shall be delivered promptly to INSURANCE CO. or its designee following any termination hereof, but MMB shall have the right at any time within six 5 years after any termination of this Agreement to inspect such books and records and to make copies thereof or extracts therefrom.

Appears in 2 contracts

Sources: Insurance Management Agreement (Annuity & Life Re Holdings LTD), Insurance Management Agreement (Annuity & Life Re Holdings LTD)