Insolvency of Ceding Company. (a) In the event of the insolvency of the Ceding Company, the reinsurance shall be payable directly to the Ceding Company, or to its liquidator, receiver, conservator or statutory successor on the basis of claims filed and allowed in the liquidation proceeding, without diminution because of the insolvency of the Ceding Company.
Appears in 4 contracts
Samples: Coinsurance Agreement (Forethought Life Insurance Co Separate Account A), Reinsurance Agreement (Forethought Life Insurance Co Separate Account A), Coinsurance and Modified Coinsurance Agreement (Separate Account Va-K of Commonwealth Annuity & Life Insurance Co)