COMMENCEMENT AND TERMINATION OF LIABILITY. A. On liabilities ceded under the terms of this Agreement, the liability of the Reinsurer shall commence simultaneously with that of the Cedent.
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. The liability under this Agreement will terminate either in accordance with the Duration of Agreement provisions of this Agreement as stated in Article XX, or upon the earliest of the following occurrences defined in the contract(s) reinsured hereunder:
COMMENCEMENT AND TERMINATION OF LIABILITY. 2 Article III.
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On liabilities retroceded under the terms of this Agreement, the liability of the Retrocessionaire shall commence simultaneously with that of the Retrocedent.
COMMENCEMENT AND TERMINATION OF LIABILITY. 2 [redacted] Article III. Oversights and Clerical Errors.............................. 3 [redacted] Article IV. Net Amount at Risk.......................................... 4 [redacted] Article V. Reinsurance Premiums........................................ 6 [redacted]
COMMENCEMENT AND TERMINATION OF LIABILITY. (Continued)
COMMENCEMENT AND TERMINATION OF LIABILITY. 1. On automatic reinsurance coverage, the liability of Swiss Re Life & Health shall commence simultaneously with that of the Company.
COMMENCEMENT AND TERMINATION OF LIABILITY. This Agreement shall commence and become effective as of 12:01 a.m. on November 1, 2006 (the "Effective Time") and shall continue for an indefinite period of time, unless and until terminated in accordance with this Article IV. The Reinsurer's liability in respect of Policies reinsured hereunder shall commence simultaneously with the liability of the Reinsured with respect to Losses incurred on or after the Effective Time. Subject to the provisions of this Agreement, and conditioned on the payment of reinsurance premiums as provided for in this Agreement, the Reinsurer's liability hereunder shall continue as long as the Reinsured is liable under any Policy and shall cease when the liability of the Reinsured ceases. This Agreement shall terminate upon the mutual agreement of both parties. In addition, this Agreement may be cancelled at any time by: (a) the Reinsurer upon the sale, merger or effective acquisition of the Reinsured by any third party (other than any change of ownership within any insurance holding company system which effects no change in the ultimate controlling party of the Reinsured), or (b) either party at any time upon the happening of either of the following events to the other party:
COMMENCEMENT AND TERMINATION OF LIABILITY. 1. On automatic reinsurance and on facultative reinsurance accepted by North American Re, the liability of North American Re shall commence and terminate simultaneously with that of the Company unless terminated as provided for in Article VIII or Article XV of this Agreement.
COMMENCEMENT AND TERMINATION OF LIABILITY. 4. On automatic reinsurance and on facultative reinsurance accepted by North American Re, provided that in the case of facultative Group Excess with Evidence, the Company has accepted, during the lifetime of the insured involved, a facultative offer made by North American Re, the liability of North American Re shall commence and terminate simultaneously with that of the Company unless terminated as provided for in Article VIII or Article XV of this Agreement. Oversights
