Premium Accounting. A. If reinsurance premiums are not paid by the REMITTANCE DATE, interest in accordance with Article III, paragraph E will be assessed from the REMITTANCE DATE. The payment of interest, however, shall not prohibit the REINSURER from exercising its right to terminate the treaty for non-payment of reinsurance premiums in accordance with Article III, paragraph D.2.
Appears in 4 contracts
Samples: GMDB Reinsurance Agreement (Separate Account Kg of First Allmerica Fin Life Ins Co), GMDB Reinsurance Agreement (Separate Account Kg of First Allmerica Fin Life Ins Co), GMDB Reinsurance Agreement (Allmerica Fin Life Ins & Ann Co Allmerica Sel Acct)