Common use of AMOUNT AND PAYMENT OF BENEFITS Clause in Contracts

AMOUNT AND PAYMENT OF BENEFITS. As soon as THE REINSURER receives proper claim notice and any required proof of the claim, THE REINSURER will promptly pay the reinsurance benefits due THE COMPANY. THE COMPANY's contractual liability for claims is binding on THE REINSURER. The maximum benefit payable to THE COMPANY under each reinsured policy is the amount specifically reinsured with THE REINSURER.

AMOUNT AND PAYMENT OF BENEFITS. As soon as THE REINSURER receives proper claim notice the request for payment and any required proof of the claim, THE REINSURER will promptly pay the reinsurance benefits are due and payable to THE COMPANY. Payment of the benefits will be made in a single sum, regardless of THE COMPANY's settlement options. THE COMPANY's contractual liability for claims under reinsured policies is binding on THE REINSURER. The maximum benefit payable to THE COMPANY under each reinsured policy is the amount specifically reinsured with THE REINSURER.

AMOUNT AND PAYMENT OF BENEFITS. As soon as THE REINSURER receives proper claim notice the request for payment and any required proof of the claim, THE REINSURER will promptly pay the reinsurance benefits are due and payable to THE COMPANY. Payment of the benefits will be made in a single sum, regardless of THE COMPANY’s settlement options. THE COMPANY's contractual liability for claims under reinsured policies is binding on THE REINSURER. The maximum benefit payable to THE COMPANY under each reinsured policy is the amount specifically reinsured with THE REINSURER.

AMOUNT AND PAYMENT OF BENEFITS. As soon as THE REINSURER receives proper claim notice the request for payment and any required proof of the claim, THE REINSURER will promptly pay the reinsurance benefits are due and payable to THE COMPANY. Payment of the benefits will be made in a single sum, regardless of THE COMPANY's settlement options. THE COMPANY's contractual liability for claims is binding on THE REINSURER. The maximum benefit payable to THE COMPANY under each reinsured policy is the amount specifically reinsured with THE REINSURER.