Common use of Follow the Fortunes Clause in Contracts

Follow the Fortunes. The Reinsurer’s liability under this Agreement shall commence on the Effective Date, and all reinsurance with respect to which the Reinsurer shall be liable by virtue of this Agreement shall be subject in all respects to the same risks, terms, rates, conditions, interpretations, assessments, waivers, proportion of premiums paid to, and reinsurance recoveries benefiting, the Company with respect to the Reinsured Liabilities and the Reinsured Policies, the true intent of this Agreement being that the Reinsurer shall follow the fortunes of the Company with respect to the Reinsured Liabilities and Reinsured Policies.

Appears in 9 contracts

Samples: Coinsurance Agreement, Coinsurance Agreement (Athene Annuity & Life Co), Coinsurance and Assumption Agreement (Athene Annuity & Life Co)

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