Common use of Policy Fees Clause in Contracts

Policy Fees. No policy fees shall be paid under this Agreement [page break] [page break] [page break] [page break] [page break] [page break] [page break] Reinsurance shall be on a self-administered by the Reinsured. The Reinsured shall maintain up-to-date records on business reinsured under the agreement sufficient for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each month. The reports shall consist of sufficient detail for the Reinsurer to determine its amount risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint life information Name of the insured Policy face amount Sex Reinsurance amount(s) issued Date of Birth Retained amount Issue Age Reinsurance net amount at risk Policy Date Death benefit option Policy year Reinsurance premiums (first year and renewal) Policy Duration Reinsurance commission or allowances Transaction type* Policy fee Transaction effective date Premium taxes reimbursed Table rating Cash values reimbursed Flat extra amount and duration Dividends reimbursed Plan name or code Net amount due the Reinsurer or the Reinsured Underwriting classification *Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not takens Decrease in amount Surrender Cancellation of reinsurance Lapse Recapture Reinstatement Death Conversion Expiry Exchange Other changes Increase in amount [page break] Summary reports shall be provided to the Reinsured which include appropriate subtotals and totals of premiums, commissions and allowances, and premium tax by reporting category and in total. Policy exhibit summaries shall also be provided to the Reinsured showing the reinsured amounts at the beginning of the reporting period, any increases, decreases and terminations during the reporting period, and the reinsured amounts at the end of the reporting period.

Policy Fees. No policy fees shall be paid under this Agreement [page break] [page break] [page break] [page break] [page break] [page break] [page break] Reinsurance shall be on a self-administered by the Reinsured. The Reinsured shall maintain up-to-to date records on business reinsured under the agreement sufficient for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each month. The reports shall consist of sufficient detail for the Reinsurer to determine its amount risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint life information Name of the insured Sex Date of Birth Issue Age Policy Date Policy year Policy Duration Transaction type* Transaction effective date Table rating Flat extra amount and duration Plan name or code Underwriting classification Joint life information Policy face amount Sex Reinsurance amount(s) issued Date of Birth Retained amount Issue Age Reinsurance net amount at risk Policy Date Death benefit option Policy year Reinsurance premiums (first year and renewal) Policy Duration Reinsurance commission or allowances Transaction type* Policy fee Transaction effective date Premium taxes reimbursed Table rating Cash values reimbursed Flat extra amount and duration Dividends reimbursed Plan name or code Net amount due the Reinsurer or the Reinsured Underwriting classification *Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not takens Surrender Lapse Reinstatement Conversion Exchange Increase in amount Decrease in amount Surrender Cancellation of reinsurance Lapse Recapture Reinstatement Death Conversion Expiry Exchange Other changes Increase in amount Separate listings shall be provided for new issues, renewals, terminations, and other adjustments [page break] Summary reports shall be provided to the Reinsured which include appropriate subtotals and totals of premiums, commissions and allowances, and premium tax by reporting category and in total. Policy exhibit summaries shall also be provided to the Reinsured showing the reinsured amounts at the beginning of the reporting period, any increases, decreases and terminations during the reporting period, and the reinsured amounts at the end of the reporting period.

Policy Fees. No policy fees shall be paid under this Agreement Agreement. [page break] [page break] [page break] [page break] [page break] [page break] [page break] Reinsurance shall be on a self-administered by the Reinsured. The Reinsured shall maintain up-to-date records on business reinsured under the agreement sufficient for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each month. The reports shall consist of sufficient detail for the Reinsurer to determine its amount risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint life information Name of the insured Sex Date of Birth Issue Age Policy Date Policy year Policy Duration Transaction type* Transaction effective date Table rating Flat extra amount and duration Plan name or code Underwriting classification Joint life information Policy face amount Sex Reinsurance amount(s) issued Date of Birth Retained amount Issue Age Reinsurance net amount at risk Policy Date Death benefit option Policy year Reinsurance premiums (first year and renewal) Policy Duration Reinsurance commission or allowances Transaction type* Policy fee Transaction effective date Premium taxes reimbursed Table rating Cash values reimbursed Flat extra amount and duration Dividends reimbursed Plan name or code Net amount due the Reinsurer or the Reinsured Underwriting classification *Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not takens Surrender Lapse Reinstatement Conversion Exchange Increase in amount Decrease in amount Surrender Cancellation of reinsurance Lapse Recapture Reinstatement Death Conversion Expiry Exchange Other changes Increase in amount [page break] Summary reports shall be provided to the Reinsured which include appropriate subtotals and totals of premiums, commissions and allowances, and premium tax by reporting category and in total. Policy exhibit summaries shall also be provided to the Reinsured showing the reinsured amounts at the beginning of the reporting period, any increases, decreases and terminations during the reporting period, and the reinsured amounts at the end of the reporting period.

Policy Fees. No policy fees shall be paid under this Agreement Agreement. [page break] [page break] [page break] [page break] [page break] [page break] [page break] Reinsurance shall be on a self-administered by the Reinsured. The Reinsured shall maintain up-to-date records on business reinsured under the agreement sufficient for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each month. The reports shall consist of sufficient detail for the Reinsurer to determine its amount risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint life information Name of the insured Sex Date of Birth Issue Age Policy Date Policy year Policy Duration Transaction type* Transaction effective date Table rating Flat extra amount and duration Plan name or code Underwriting classification Joint life information Policy face amount Sex Reinsurance amount(s) issued Date of Birth Retained amount Issue Age Reinsurance net amount at risk Policy Date Death benefit option Policy year Reinsurance premiums (first year and renewal) Policy Duration Reinsurance commission or allowances Transaction type* Policy fee Transaction effective date Premium taxes reimbursed Table rating Cash values reimbursed Flat extra amount and duration Dividends reimbursed Plan name or code Net amount due the Reinsurer or the Reinsured Underwriting classification ** Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not takens Surrender Lapse Reinstatement Conversion Exchange Increase in amount Decrease in amount Surrender Cancellation of reinsurance Lapse Recapture Reinstatement Death Conversion Expiry Exchange Other changes Increase in amount [page break] Summary reports shall be provided to the Reinsured which include appropriate subtotals and totals of premiums, commissions and allowances, and premium tax by reporting category and in total. Policy exhibit summaries shall also be provided to the Reinsured showing the reinsured amounts at the beginning of the reporting period, any increases, decreases and terminations during the reporting period, and the reinsured amounts at the end of the reporting period.

Policy Fees. No policy fees shall be paid under this Agreement [page break] [page break] [page break] [page break] [page break] [page break] [page break] Reinsurance shall be on a self-administered by the Reinsured. The Reinsured shall maintain up-to-date records on business reinsured under the agreement sufficient for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each month. The reports shall consist of sufficient detail for the Reinsurer to determine its amount risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following: New business and change reports shall be provided to the Reinsurer on a bordereau basis and include the following items: Policy Number Joint life information Name of the insured Sex Date of Birth Issue Age Policy Date Policy year Policy Duration Transaction type* Transaction effective date Table rating Flat extra amount and duration Plan name or code Underwriting classification Joint life information Policy face amount Sex Reinsurance amount(s) issued Date of Birth Retained amount Issue Age Reinsurance net amount at risk Policy Date Death benefit option Policy year Reinsurance premiums (first year and renewal) Policy Duration Reinsurance commission or allowances Transaction type* Policy fee Transaction effective date Premium taxes reimbursed Table rating Cash values reimbursed Flat extra amount and duration Dividends reimbursed Plan name or code Net amount due the Reinsurer or the Reinsured Underwriting classification *Transaction codes may be used to identify policy activity affecting reinsurance including new reinsurance issued, continuation of coverage, and policy movements or changes such as: Not takens Surrender Lapse Reinstatement Conversion Exchange Increase in amount Decrease in amount Surrender Cancellation of reinsurance Lapse Recapture Reinstatement Death Conversion Expiry Exchange Other changes Increase in amount Separate listings shall be provided for new issues, renewals, terminations, and other adjustments [page break] Summary reports shall be provided to the Reinsured which include appropriate subtotals and totals of premiums, commissions and allowances, and premium tax by reporting category and in total. Policy exhibit summaries shall also be provided to the Reinsured showing the reinsured amounts at the beginning of the reporting period, any increases, decreases and terminations during the reporting period, and the reinsured amounts at the end of the reporting period.