Common use of SELF ADMINISTRATION Clause in Contracts

SELF ADMINISTRATION. A. The CEDING COMPANY will administer the records for the reinsurance ceded to the REINSURER under this Reinsurance Agreement. The CEDING COMPANY will furnish monthly statements to the REINSURER which contain the following information split between Group and Ordinary Business: 1. A list of all premiums due for the current month, identifying each Policy and explaining the reasons for each premium payment and include subtotals including first year, renewal year indication, automatic or facultative. 2. A list of new business, terminations and changes for the current month. For new business and changes, the CEDING COMPANY must identify the Reinsurance Agreement and provide information adequate for the REINSURER to establish reserves, check retention limits and check premium calculations. 3. Totals for inforce, new business, changes and each type of termination, as of the end of the month. "Totals" refer to the number of policies reinsured and the net amount at risk reinsured. See sample Policy Exhibit in Exhibit F. In addition, the CEDING COMPANY must provide the REINSURER with an inforce listing of reinsured business at least once a year. This inforce listing must contain information adequate for the REINSURER to audit its inforce records. (See Exhibit E.)

SELF ADMINISTRATION. A. The CEDING COMPANY will administer the records for the reinsurance ceded to the REINSURER RGA RE under this Reinsurance Agreementagreement. The CEDING COMPANY will furnish monthly quarterly statements to the REINSURER RGA RE which contain the following information split between Group and Ordinary Businessinformation: 1. A list of all premiums due for the current monthquarter, identifying each Policy policy and explaining the reasons for each premium payment and include payment. 2. Premium subtotals adequate for RGA RE to use for its premium accounting including first year, renewal year indicationyear, automatic or facultativeand facultative totals. 23. A list of new New business, terminations and changes for the current monthquarter will be identified on the billing report. For new business and changes, the CEDING COMPANY must identify the Reinsurance Agreement reinsurance agreement and provide information adequate for the REINSURER RGA RE to establish reserves, check retention limits and check premium calculations. 34. Totals for inforce, new business, changes and each type of termination, as of the end of the monthquarter. "Totals" refer to the number of policies reinsured and the net amount at risk reinsured. See sample Policy Exhibit in Exhibit F. In addition, the CEDING COMPANY must provide the REINSURER RGA RE with an inforce listing of reinsured business at least once a year. This inforce listing must contain information adequate for the REINSURER RGA RE to audit its inforce records. (See Exhibit E.)