Common use of Claims Practices Clause in Contracts

Claims Practices. It is the Company’s sole decision to determine whether to investigate, contest, compromise or litigate a claim; however, the Company is responsible for investigating, contesting, compromising or litigating Reinsured Policy claims in accordance with applicable law and policy terms. The Company acknowledges that it obtains a certified death certificate to the extent one exists, otherwise such other documentation as may be agreed to by the Reinsurer for that particular death claim to ascertain the fact, time, and manner of an insured’s death, and follows industry standard and investigates claims with any of the following criteria:

Appears in 4 contracts

Samples: Nationwide Vli Separate Account 4, Nationwide Vli Separate Account 4, Nationwide Vli Separate Account 4

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Claims Practices. It is the Company’s sole decision to determine whether to investigate, contest, compromise or litigate a claim; however, the Company is responsible for investigating, contesting, compromising or litigating Reinsured Policy claims in accordance with applicable law and policy terms. The Company acknowledges that it obtains a certified death certificate to the extent one exists, certificates for death claims unless otherwise such other documentation as may be agreed to by the Reinsurer for that particular death claim to ascertain the fact, time, and manner of an insured’s deathreinsurer, and follows industry standard and investigates claims with any of the following criteria:

Appears in 2 contracts

Samples: Reinsurance Agreement (Symetra Resource Variable Account B), Reinsurance Agreement (First Symetra National Life Insurance Co of Ny Sep Acct S)

Claims Practices. It is the Company’s sole decision to determine whether to investigate, contest, compromise or litigate a claim; however, the Company is responsible for investigating, contesting, compromising or litigating Reinsured Policy claims in accordance with applicable law and policy terms. The Company acknowledges that it obtains a certified death certificate to the extent one exists, otherwise such other documentation as may be agreed to by the Reinsurer certificates for that particular death claim to ascertain the fact, time, and manner of an insured’s deathclaims, and follows industry standard and investigates claims with any of the following criteria:

Appears in 2 contracts

Samples: Reinsurance Agreement (Vericity, Inc.), Reinsurance Agreement (Vericity, Inc.)

Claims Practices. It is the Company’s sole decision to determine whether to investigate, contest, compromise or litigate a claim; however, the Company is responsible for investigating, contesting, compromising or litigating Reinsured Policy claims in accordance with applicable law and policy terms. The Company acknowledges that it obtains a certified death certificate to the extent one exists, otherwise such other documentation as may be agreed to by the Reinsurer certificates for that particular death claim to ascertain the fact, time, and manner of an insured’s death, and follows industry standard and investigates claims with any of the following criteria:claims.

Appears in 2 contracts

Samples: Reinsurance Agreement (Allstate Life of N Y Var Life Sep Acct A), Reinsurance Agreement (Allstate Assurance Co Variable Life Separate Account)

Claims Practices. It is the Company’s 's sole decision to determine whether to investigate, contest, compromise or litigate a claim; however, the Company is responsible for investigating, contesting, compromising or litigating Reinsured Policy claims in accordance with applicable law and policy terms. The Company acknowledges that it obtains a certified death certificate to the extent one exists, otherwise such other documentation as may be agreed to by the Reinsurer certificates for that particular death claim to ascertain the fact, time, and manner of an insured’s deathclaims, and follows industry standard and investigates claims with any of the following criteria:

Appears in 1 contract

Samples: Administered Yrt Reinsurance Agreement (Symetra Separate Account Sl)

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Claims Practices. It is the Company’s sole decision to determine whether to investigate, contest, compromise or litigate a claim; however, the Company is responsible for investigating, contesting, compromising or litigating Reinsured Policy claims in accordance with applicable law and policy terms. I478580US-13 (06-01-2013) Stand-alone ADB (QT #06635US13) The Company acknowledges that it obtains a certified death certificate to the extent one exists, otherwise such other documentation as may be agreed to by the Reinsurer certificates for that particular death claim to ascertain the fact, time, and manner of an insured’s deathclaims, and follows industry standard and investigates claims with any of the following criteria:

Appears in 1 contract

Samples: Reinsurance Agreement (Vericity, Inc.)

Claims Practices. It is the Company’s 's sole decision to determine whether to investigate, contest, compromise or litigate a claim; however, the Company is responsible for investigating, contesting, compromising or litigating Reinsured Policy claims in accordance with applicable law and policy terms. The Company acknowledges that it obtains a certified death certificate to the extent one exists, otherwise such other documentation as may be agreed to by the Reinsurer certificates for that particular death claim to ascertain the fact, time, and manner of an insured’s death, and follows industry standard and investigates claims with any of the following criteria:claims.

Appears in 1 contract

Samples: Reinsurance Agreement (Ameritas Variable Separate Account V)

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