COMMENCEMENT AND TERMINATION OF LIABILITY. A. On automatic reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. In addition, coverage shall be extended to claims occurring within the conditional receipt or temporary insurance agreement period, PROVIDED that such coverage satisfies the conditions set forth in Article I, paragraph D “Automatic Coverage”. The amount of the REINSURER’s liability will be its quota share percentage of the lesser of the Conditional Receipt Amount or the Temporary Reinsurance Agreement.
Appears in 2 contracts
Samples: Automatic Yearly Renewable Term Agreement (Farmers Variable Life Separate Account A), Automatic Yearly Renewable Term Agreement (Farmers Variable Life Separate Account A)
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On automatic reinsurance ceded under the terms term of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. In addition, coverage shall be extended to claims occurring within The liability under this Agreement will terminate either in accordance with the conditional receipt or temporary insurance agreement period, PROVIDED that such coverage satisfies the conditions set forth Duration of Agreement provisions of this Agreement as stated in Article IXX, paragraph D “Automatic Coverage”. The amount or, for an individual contract, upon the earliest of the REINSURER’s liability will be its quota share percentage of following occurrences defined in the lesser of the Conditional Receipt Amount or the Temporary Reinsurance Agreement.contract(s) reinsured hereunder:
Appears in 2 contracts
Samples: Confidentiality and Non Disclosure Agreement (Variable Account D of Union Security Insurance Co), Confidentiality and Non Disclosure Agreement (Variable Account D of Union Security Insurance Co)
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On automatic reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. In addition, coverage shall be extended to claims occurring within The liability under this Agreement will terminate either in accordance with the conditional receipt or temporary insurance agreement period, PROVIDED that such coverage satisfies the conditions set forth Duration of Agreement provisions of this Agreement as stated in Article IXX, paragraph D “Automatic Coverage”. The amount or upon the earliest of the REINSURER’s liability will be its quota share percentage of following occurrences defined in the lesser of the Conditional Receipt Amount or the Temporary Reinsurance Agreement.contract(s) reinsured hereunder:
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Variable Account D of Union Security Insurance Co), Guarantee Agreement (Ge Life & Annuity Assurance Co Iv)
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On automatic reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously simultaneously. with that of the CEDING COMPANY. In addition, coverage shall be extended to claims occurring within The liability under this Agreement will terminate either in accordance with the conditional receipt or temporary insurance agreement period, PROVIDED that such coverage satisfies the conditions set forth Duration of Agreement provisions of this Agreement as stated in Article IXX, paragraph D “Automatic Coverage”. The amount or for an individual contract, upon the earliest of the REINSURER’s liability will be its quota share percentage of following occurrences defined in the lesser of the Conditional Receipt Amount or the Temporary Reinsurance Agreement.contract(s) reinsured hereunder: [REDACTED]
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Nationwide Variable Account 9)
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On automatic reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. In addition, coverage shall be extended to claims occurring within The liability under this Agreement will terminate either in accordance with the conditional receipt or temporary insurance agreement period, PROVIDED that such coverage satisfies the conditions set forth Duration of Agreement provisions of this Agreement as stated in Article IXX, paragraph D “Automatic Coverage”. The amount or, for an individual contract, upon the earliest of the REINSURER’s liability will be its quota share percentage of following occurrences defined in the lesser of the Conditional Receipt Amount or the Temporary Reinsurance Agreement.contract(s) reinsured hereunder
Appears in 1 contract
Samples: Reinsurance Agreement (Travelers Fund Bd Iii for Variable Annuities)
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On automatic or facultative reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. In addition, coverage shall be extended to claims occurring within the conditional receipt or temporary insurance agreement period, PROVIDED that such coverage satisfies the conditions set forth in Article I, paragraph D “Automatic Coverage”. The amount of the REINSURER’s liability will be its quota share percentage of the lesser of the Conditional Receipt Amount or the Temporary Reinsurance Agreement.
Appears in 1 contract
Samples: Automatic Yrt Reinsurance Agreement (American National Variable Life Separate Account)
