Common use of Conditional Receipt Clause in Contracts

Conditional Receipt. The Reinsurer shall be liable for benefits paid under the Ceding Company's conditional receipt, temporary insurance or other pre-issue benefit or liability provided the requirements for automatic reinsurance, as stated in Article 3 of this Agreement, are met.

Appears in 8 contracts

Sources: Assignment, Transfer and Novation Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Jnlny Separate Account Iv), Reinsurance Agreement (Jackson National Separate Account Iv)