Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.
Appears in 6 contracts
Samples: Automatic and Facultative (Pruco Life Variable Appreciable Account), Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 13. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 21.
Appears in 5 contracts
Samples: Automatic Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 12. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 20.
Appears in 5 contracts
Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.
Appears in 4 contracts
Samples: Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account), Automatic and Facultative (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance REINSURER has not terminated for non-payment of premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 14. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 22.
Appears in 2 contracts
Samples: Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.YRT-VUL 2008-2008-SGL(TX)-PICA
Appears in 1 contract
Samples: Automatic and Facultative (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Y-MPVUL-2005-OPT P-PLAZ Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.
Appears in 1 contract
Samples: Automatic and Facultative (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Y-MPVUL-2005-GEN-P-PLAZ Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.
Appears in 1 contract
Samples: Reinsurance Agreement (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.YRT-VUL 2008-2008-SGL(US)-PICA
Appears in 1 contract
Samples: Automatic and Facultative (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section13. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.Section 21. Y-UL/VUL II – 2005 – RGA - PICA
Appears in 1 contract
Samples: Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.YRT-VUL 2008-2008-SGL(TX)-PICA [Missing Graphic Reference]
Appears in 1 contract
Samples: Automatic and Facultative (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 11. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 24.
Appears in 1 contract
Samples: Automatic and Facultative Modified Coinsurance Agreement (Pruco Life Variable Universal Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled fulfills all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ sectionSection 12. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ sectionSection 21.
Appears in 1 contract
Samples: Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account)
Duration of the Agreement. The duration of this Agreement will be unlimited. However, either party may terminate the Agreement for new business at any time by giving the other a 90-day prior written notice. THE REINSURER will continue to accept new reinsurance during the 90-day period. Y-MPVUL-2005-GEN-M-PLAZ Existing reinsurance will not be affected by the termination of this Agreement with respect to new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policies on which the reinsurance is based and until THE REINSURER has fulfilled all of its obligations under this Agreement, provided that THE COMPANY continues to pay reinsurance premiums as described in the ‘PAYMENT OF REINSURANCE PREMIUMS’ section. However, existing reinsurance may be terminated in accordance with the recapture provision described in the ‘RECAPTURE’ section.
Appears in 1 contract
Samples: Reinsurance Agreement (Pruco Life Variable Universal Account)