ANNUITY BENEFITS. The Reinsurer's obligation for Annuity Benefits ---------------- paid by the Ceding Company on annuities reinsured hereunder will be satisfied in full by the payment to the Ceding Company of that portion of the Account Value, as of the date of annuitization, which corresponds to the portion of the annuities reinsured hereunder.
Appears in 13 contracts
Samples: Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co)
ANNUITY BENEFITS. The Reinsurer's obligation for Reinsurer will pay the Ceding Company that portion of the Annuity Benefits ---------------- paid by the Ceding Company on annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder. The Reinsurer's obligation will be satisfied in full by the payment to the Ceding Company of that portion of the Account Value, as of the date of annuitization, which corresponds to the portion of the annuities reinsured hereunder.
Appears in 2 contracts
Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H), Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)
ANNUITY BENEFITS. The Reinsurer's obligation for Annuity Benefits ---------------- paid by the Ceding Company on annuities reinsured hereunder will be satisfied in full by the payment to the Ceding Company of that portion of the Account Value, as of the date of annuitization, which corresponds to the portion of the annuities reinsured hereunder.
Appears in 1 contract
Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/)
