Common use of FAILURE TO PAY PREMIUMS Clause in Contracts

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty ninety (3090) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6or overnight courier service (e.g. Federal Express). If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty ninety (3090) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 30 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 30 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums IDSL-NY Succession Select Treaty have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 30 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty ninety (3090) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) 60 days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 90 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 90 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyeach. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within 30 days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 90 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyeach. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer MARC for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Date, the Reinsurer MARC will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer MARC elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer MARC will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by MARC, within thirty (30) days of the Reinsurerdate of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer MARC will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's MARC’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) 60 days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. arrears- If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 90 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 90 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyeach. Reinsurance on policies on which reinsurance premiums subsequently fall all due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within 30 days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 90 days notice. , The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 30 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 30 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums IDS Succession Select Treaty have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 30 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will will, give the Ceding Company thirty ninety (3090) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6or overnight courier service (e.g. Federal Express). If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the the. expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to to. another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Datedue date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty sixty (3060) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6intention to terminate such reinsurance. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) sixty—day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within sixty (60) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty sixty (3060) days day notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the recapture provisions of Article 12 - Recapturethis Agreement, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that undisputed reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty ninety (3090) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6or overnight courier service (e.g. Federal Express). If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11 , or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer MARC for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Date, the Reinsurer will have the right to MARC may terminate the reinsurance under all policies having reinsurance premiums in arrearsthis Agreement for both in- force and new business. If the Reinsurer MARC elects to exercise its right of termination, it will give shall provide the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6such termination. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer will this Agreement shall terminate and MARC shall be relieved of all liability for any Policies reinsured under those policies as this Agreement. Upon termination, the Ceding Company and MARC shall settle all amounts due and owing to the other Party pursuant to the terminal accounting and settlement provision set forth in Article 22 of the last date for which premiums have been paid for each policythis Agreement. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates. Terminated reinsurance The Agreement may be reinstated, subject to approval by MARC, within thirty (30) days of the Reinsurerdate of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will Otherwise, MARC shall have no liability for any claims incurred between on or after the date of termination and of this Agreement, including claims on Policies that were backdated prior to the date of the reinstatement of the reinsurancetermination. The right to terminate reinsurance will this Agreement shall not prejudice the Reinsurer's MARC’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days notice. The Ceding Company will shall not intentionally fail to pay reinsurance premiums in order to force termination under MARC to terminate this Agreement so that the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, Ceding Company may increase its Ceding Company Retention or to transfer reinsure the reinsured policies to Policies with another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty ninety (3090) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including Including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest Interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer MARC for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Date, the Reinsurer MARC will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer MARC elects to exercise its right of termination, it will give the Ceding Company Company, through the Administrator, thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer MARC will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by MARC, within thirty (30) days of the Reinsurerdate of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer MARC will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's MARC’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days notice. The Ceding Company Company, through the Administrator, will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty sixty (3060) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6or overnight courier service (e.g. Federal Express). If all reinsurance premiums in arrears, including any that become in arrears during the thirty sixty (3060) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty sixty (3060) days day notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer IHLIC for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Date, the Reinsurer IHLIC will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer IHLIC elects to exercise its right of termination, it will give the Ceding Company Company, through the Administrator, thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer IHLIC will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by IHLIC, within thirty (30) days of the Reinsurerdate of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer IHLIC will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's IHLIC’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days notice. The Ceding Company Company, through the Administrator, will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty sixty (3060) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6or overnight courier service (e.g. Federal Express). · If all reinsurance premiums in arrears, including any that become in arrears during the thirty sixty (3060) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty sixty (3060) days day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty sixty (3060) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within sixty (60) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty sixty (3060) days day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) 60 days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 30 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 90 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyeach. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within 30 days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 90 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty ninety (3090) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6or overnight courier service (e.g. Federal Express). If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days day notice. (460, C01) 10000-00-00 10 12/14/2017 The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 30 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 30 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums IDSL Succession Select Treaty have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 30 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) calendar days of the Remittance Dateafter they are due pursuant to Article 5.2 above, the Reinsurer will have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty ninety (3090) calendar days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6or overnight courier service (e.g. Federal Express). (000) 00000-00-00 05/9/2017 If all reinsurance premiums in arrears, including any that become in arrears during the thirty ninety (3090) calendar day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policypaid. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) calendar days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums premiums, net of any other payments due from the Reinsurer to the Ceding Company, for the period during which reinsurance was in force prior to the expiration of the thirty ninety (3090) days calendar day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture11, or nor to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) 60 days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationtermination after such 60 day period, it will give the Ceding Company thirty (30) 15 days prior written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 15 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyeach. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within 30 days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums and interest due for the period during which reinsurance was in force prior to the expiration of the thirty (30) 15 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture13, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums Reinsurance Premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums Reinsurance Premiums are not paid within sixty thirty (6030) days of the Remittance Date, as specified in Article VIII, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums Reinsurance Premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6. If all reinsurance premiums Reinsurance Premiums in arrears, including any that become in arrears during the thirty (30) thirty- day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums Reinsurance Premiums have been paid for each policypaid. Reinsurance on policies on which reinsurance premiums Reinsurance Premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Reinsurance Premiums in arrears shall accrue interest at a rate of ten percent (10%) per annum. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within sixty (60) days of the date of termination, and upon payment of all reinsurance premiums Reinsurance Premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days notice. If the Reinsurer terminates reinsurance on all of the Reinsured Policies in accordance with the provisions in this paragraph 4, this will constitute contractual termination of reinsurance, as referred to in Article IV. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - RecaptureIX, or to transfer the reinsured policies to another reinsurer.. …END OF ARTICLE V

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Datedue date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty sixty (3060) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6intention to terminate such reinsurance. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) sixty-day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy, less any cash values or recapture reserve amounts due. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within sixty (60) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty sixty (3060) days day notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the recapture provisions of Article 12 - Recapturethis Agreement, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is shall be a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Datewhen due, the Reinsurer will shall have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will shall give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6intention to terminate said reinsurance. If all reinsurance premiums in arrears, including any that which may become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice said period, the Reinsurer will shall be relieved of all liability under those policies as of the last date for which premiums have been paid for each policyliability. Reinsurance on policies Policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless if reinsurance premiums on those policies are paid before their Remittance Datesnot paid. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, and within sixty (60) days of the date of termination upon payment of all reinsurance premiums in arrears including any interest accrued thereonarrears. The Reinsurer will shall have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will shall not prejudice the Reinsurer's Reinsurers right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days day notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - RecaptureXI, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) 60 days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 90 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 90 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyeach. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within 30 days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 90 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Datedue date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6intention to terminate such reinsurance. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all ail liability under those policies as of the last date for to which premiums have been paid for each policy, less any cash values or recapture reserve amounts due. Reinsurance on policies on which reinsurance premiums subsequently fall fail due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within sixty (60) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days day notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the recapture provisions of Article 12 - Recapturethis Agreement, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums premiums, as and when due under the terms hereof, is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Datedue date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice termination (the date of the giving of such notice, the "Notice Date"), and termination will be sent by certified mail in effective on and as of the manner specified in Article 13.6date which is 30 days following the Notice Date. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) thirty- day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyless any cash values or recapture reserve amounts due. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Reinsurance Premium in arrears shall accrue interest at a rate equal to 6% per annum. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within sixty (60) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days day notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - RecaptureX, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. Net unearned premiums will be refunded to the Company by the Reinsurer upon death and lapse. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) thirty-day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy, less any cash values or recapture reserve amounts due. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within sixty (60) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days day notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer MARC for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer MARC will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer MARC elects to exercise its right of termination, it will give the Ceding Company thirty sixty (3060) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer MARC will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by MARC, within thirty (30) days of the Reinsurerdate of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer MARC will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's MARC’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty sixty (3060) days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by under this Agreement. In the event that reinsurance premiums are not paid within sixty (60) 90 days of the Remittance Dateremit date, the Reinsurer will have the right to terminate the reinsurance under on all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 30 days written notice of its intentionintention to terminate said reinsurance. Such notice will be sent by certified mail in the manner specified in Article 13.6mail, return receipt requested. If all reinsurance premiums in arrears, including any that which may become in arrears during the thirty (30) 30 day notice period, are not paid before the expiration of the notice said period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Datesremit dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within 60 days of the date of the termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 30 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) thirty-day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyless any cash values or recapture reserve amounts due. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Reinsurance Premium in arrears shall accrue interest at an annual rate equal to Wall Street Journal Prime Rate plus 2% spread as stated in the Wall Street Journal declared on the 1st business day of January prior to the Remittance Date of the reinsurance premium, calculated monthly. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within sixty (60) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days noticeday notice period. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - RecaptureIX, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is shall be a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Datewhen due, the Reinsurer will shall have the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will shall give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6intention to terminate said reinsurance. If all reinsurance premiums in arrears, including any that which may become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice said period, the Reinsurer will shall be relieved of all liability under those policies as of the last date for which premiums have been paid for each policyliability. Reinsurance on policies Policies on which reinsurance premiums subsequently fall due will shall automatically terminate as of the last date for which premiums have been paid for each policy, unless if reinsurance premiums on those policies are paid before their Remittance Datesnot paid. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, and within sixty (60) days of the date of termination upon payment of all reinsurance premiums in arrears including any interest accrued thereonarrears. The Reinsurer will shall have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will shall not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days day notice. The Ceding Company will may not withhold premiums in order to force termination under the provisions of this Article solely and to avoid the provisions of regarding recapture in Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer11.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrearsthis Agreement. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days 30 day written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) -day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates30-day notice period. Terminated reinsurance may be reinstated, subject to written approval by the Reinsurer, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 30 days notice. It is further understood that, if this Agreement terminates under the terms of this Article, the Reinsurer will return to the Ceding Company any unearned premiums due. The refund will be on a prorated basis without interest from the date of the termination of the policy to the date through which a reinsurance premium had been paid. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrearsthis Agreement. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 30 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 30 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates30-day notice period. Terminated reinsurance may be reinstated, subject to written approval by the Reinsurer, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 30 days notice. It is further understood that, if this Agreement terminates under the terms of this Article, the Reinsurer will return to the Ceding Company any unearned premiums due. The refund will be on a prorated basis without interest from the date of the termination of the policy to the date through which a reinsurance premium had been paid. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The Ceding Company’s payment of reinsurance premiums is a condition precedent to the Reinsurer’s liability of the Reinsurer for reinsurance business covered by under this Agreement. In the event that reinsurance premiums are not paid within sixty (60) 60 days of the Remittance Dateafter they are due pursuant to Article 5 2 above, the Reinsurer will have has the right to terminate the reinsurance under for all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 90 days written notice of its intention. Such notice will be sent intention by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 90 day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Datesdue date pursuant to Article 5.2 above. Terminated Subject to the Reinsurer’s approval, terminated reinsurance may be reinstated, subject to approval by reinstated within 30 days of the Reinsurer, and date of termination upon payment of all reinsurance premiums premiums, including accrued interest, in arrears including any interest accrued thereonarrears. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days 90 day notice. The Ceding Company will may not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture, 11 or to transfer the reinsured policies to another reinsurerReinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) 60 days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationtermination after such 60 day period, it will give the Ceding Company thirty (30) Corn any 15 days prior written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 15 day notice period, period are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyeach. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last Iast date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. If reinsurance is termninated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. Terminated reinsurance may be maybe reinstated, subject to approval by the Reinsurer, within 30 days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums and interest due for the period during which reinsurance was in force prior to the expiration of the thirty (30) 15 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policyeach. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, within thirty (30) days of the date of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30thirty(30) days day notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance Date, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Ceding Company thirty (30) 30 days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) 30 day notice period, are not paid before the expiration of the notice period, the Reinsurer IDSL-NY Succession Select Treaty will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by the Reinsurer, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) 30 days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer REINSURER for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty thirty (6030) days of the Remittance Date, the Reinsurer REINSURER will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer REINSURER elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer REINSURER will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by REINSURER, within thirty (30) days of the Reinsurerdate of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer REINSURER will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the ReinsurerREINSURER's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of regarding recapture in Article 12 - Recapture12, or to transfer the reinsured policies to another reinsurer.

FAILURE TO PAY PREMIUMS. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer MARC for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within sixty (60) days of the Remittance DateDate for reasons other than those due to errors and omissions as defined in Article 17, the Reinsurer MARC will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer MARC elects to exercise its right of termination, it will give the Ceding Company thirty (30) days written notice of its intention. Such notice will be sent by certified mail in the manner specified in Article 13.6mail. If all reinsurance premiums in arrears, including any that become in arrears during the thirty (30) day notice period, are not paid before the expiration of the notice period, the Reinsurer MARC will be relieved of all liability under those policies as of the last date for to which premiums have been paid for each policy. Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates. Terminated reinsurance may be reinstated, subject to approval by MARC, within thirty (30) days of the Reinsurerdate of termination, and upon payment of all reinsurance premiums in arrears including any interest accrued thereon. The Reinsurer MARC will have no liability for any claims incurred between the date of termination and the date of the reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice the ReinsurerMARC's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the thirty (30) days notice. The Ceding Company will not force termination under the provisions of this Article solely to avoid the provisions of Article 12 - Recapture, or to transfer the reinsured policies to another reinsurer.collect