Death Claims. Death Claims include the death benefit and any interest paid associated with the Reinsured Contracts.
Death Claims. Death Claims includes the cash surrender value and, if applicable any guaranteed minimum death benefits (GMDB) paid or accrued by the Ceding Company under the Reinsured Contracts at death of an Owner or Annuitant, as the case may be.
Death Claims. 8.1 Upon the death of the Employee, the Corporation shall have an interest in the proceeds of the Policy equal to the "Assignee's Death Benefit Share", as defined within the provisions of Part A "
Death Claims. 5.1 When the Employee dies, the Bank shall be entitled to receive from the insurance company a portion of the death benefits payable under the insurance policy equal to the Bank’s Policy Interest the receipt of this amount by the Bank shall constitute satisfaction of the Bank’s rights under Section 3 of this Agreement.
Death Claims. A. When the Employee dies, the Corporation will promptly take all the steps which may be necessary to obtain the death benefits provided under the policy on the Employee's life acquired pursuant to the terms of ther Agreement.
Death Claims. (a) Company
Death Claims. For each claim for death benefits under the life insurance Contracts, shall pay NLV the sum of (1) Death Benefits pursuant to the modified coinsurance arrangement and (2) Death Benefits pursuant to the term reinsurance arrangement, calculated according to the following:
Death Claims. Claims covered under this Agreement include only "Death Claims" which: (i) are for the proportionate share of the risk reinsured by Generali USA; (ii) arise out of the death of the Reinsured Policy's named insured; and, (iii) are based upon the contractual death benefits specified in the Reinsured Policy including any applicable riders and supplementary benefits that are reinsured, as more fully specified in Schedule A. The Reinsurer shall also pay its proportionate share of interest imposed automatically by statute without regard to fault.
Death Claims. Upon receipt of acceptable notification* that the Borrower or Co-Borrower has died, the Servicer must suspend any and all collection activity with respect to the loan, as an administrative forbearance, for 60 days. If the Borrower in whose name and Social Security number the account is listed has died, the Servicer will de-convert and reconvert the loan under the other Borrower's name. *ACCEPTABLE WRITTEN NOTIFICATION OF DEATH - Certified copy of the death certificate - Letters testamentary or certificate of appointment of the executor / executrix of the estate, stamped and certified by the applicable court. - Obituary from local newspaper All written notification must be received by XXXX within sixty (60) calendar days of receipt by the Servicer. If the Servicer receives verbal or written notification that is not considered acceptable, the Servicer will still provide XXXX, within sixty (60) calendar days, with the written notification. In instances where unacceptable information is received, the Servicer will continue all collection activity as well as pursue all avenues to obtain acceptable written notification. The Servicer will file a claim with XXXX within sixty (60) calendar days of receipt of the acceptable notification provided the loan(s) are single signatory. In instances where there is more than one signatory, a claim will not be filed to XXXX, as the surviving signatory (s) is still obligated on the debt. Any payments that XXXX receives from a deceased's Estate will be forwarded to the Servicer to be applied to all applicable loan (s), provided the Servicer has retained the servicing of the loan(s).
Death Claims. In the event of the death of the Employee while this Agreement is in effect, the Company will be entitled to receive a portion of the death benefits provided under the Policy. The amount to which the Company will be entitled will be the aggregate amount of the Company's contributions. When the Employee is deceased, the beneficiary or beneficiaries named in the Policy will be entitled to receive the amount of the death benefit in excess of the amount payable to the Company under the first paragraph of this Article 5. This amount will be paid under any settlement option elected by the Owner.
