Amount and Payment of Claims. The Reinsurer will pay the amount of the Reinsurance Benefits due and owing to Ceding Company as provided in Section 5. The Ceding Company's contractual liability for Claims is binding on the Reinsurer. The maximum Reinsurance Benefit payable to the Ceding Company under each Covered Policy is the Reinsured Net Amount at Risk for each Benefit.
Appears in 4 contracts
Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co)
Amount and Payment of Claims. The Reinsurer will pay the amount of the Reinsurance Benefits due and owing to Ceding Company as provided in Section 5. The Ceding Company's contractual liability for Claims is binding on the Reinsurer. The maximum Reinsurance Benefit payable to the Ceding Company under each Covered Policy is the Reinsured Net Amount at Risk for each Benefit. 7.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Golden American Life Insurance Co /Ny/)
