BACKDATING Sample Clauses

BACKDATING. Under limited circumstances and upon the request of the policyowner, the Company may backdate a Covered Policy by assigning a policy date earlier than the date the application is signed. However, in no event will a Covered Policy be backdated earlier than the earliest date allowed by state law, which is generally three (3) months to one year prior to the date of application for the policy. Premiums will be paid for the period the policy date is backdated.

BACKDATING. The Reinsurer agrees to accept reinsurance coverage for policies backdated not to exceed 1 year (where the suicide and contestable clauses begin the date the policy is issued, not the back dated date) or 6 months (where the suicide and contestable clauses are back dated as well) and the maximum allowed by the state in which the policy is issued prior to the effective date of this Agreement. However, it is agreed that the Reinsurer shall not be liable for any mortality risks on such policies until the effective date of this Agreement. The Reinsurer agrees to pay allowances with effect from each policy year date of each policy and the Company agrees to remit reinsurance premiums due from the policy year date of each policy.

BACKDATING. The Reinsurer agrees to accept reinsurance coverage for policies backdated to have a policy year date not to exceed the longer of ________ (__) years to the issue date and the maximum period allowed by the state in which the policy is issued. However, it is agreed that the Reinsurer shall not be liable for any claims occurring on such policies prior to the effective date of this Agreement.

BACKDATING. The Company will have the right to backdate policies up to six (6) months for the purpose of saving age. Such backdated policies will be covered by this Agreement even if the backdated issue date precedes the effective date of this Agreement. I486326US-14 (02-21-2014) (QT #06655US13)

BACKDATING. The Reinsurer agrees to accept reinsurance coverage for policies backdated up to six (6) months prior to the effective date of this Agreement. However, it is agreed that the Reinsurer shall not be liable for any mortality risks on such policies until the effective date of this Agreement. The Reinsurer agrees to pay allowances with effect from each policy’s issue date and the Ceding Company agrees to remit reinsurance premiums due from the policy issue date. All claims incurred during the six month period prior to the effective date of this Agreement are for the Ceding Company’s account.

BACKDATING. The Reinsurer agrees to accept reinsurance coverage for policies backdated to save age up to six (6) months prior to the Coverage Commencement Date of this Agreement, if otherwise eligible for reinsurance under this Agreement. If a lesser time period is specified by applicable regulatory provisions, such lesser period shall control, however, no longer period shall be allowed. The Reinsurer agrees to pay allowances and the Ceding Company agrees to remit reinsurance premium due from each policy’s issue date. The Reinsurer shall have no liability for such policies prior to the later of the policy’s issue date or the Coverage Commencement Date.

BACKDATING. In circumstances where an employee joins a Childcare Voucher scheme part way through a tax year, HMRC accepts that an employee may be provided with qualifying Childcare Vouchers in respect of the tax weeks in the tax year before the date when he/she joined the scheme providing the qualifying conditions have been met in each week or month in respect of which the Childcare Vouchers are issued. The employee does not have to have incurred qualifying childcare costs during these pay periods, but he or she must have had parental responsibility throughout the period for which Childcare Vouchers are being issued. The supplier will credit the employee accounts within one business day of receipt of funds from the employer. Vouchers issued by the supplier do not have an expiry date.