Common use of Misstatements Clause in Contracts

Misstatements. If the insured’s age or sex was misstated and the amount of insurance on the Company’s policies is adjusted, the Company and Life Re will share the adjustment in proportion to the amount of liability of each at the time of issue of the policies. Premiums will be recalculated for the correct age or sex and amounts according to the proportion as above and adjusted without interest. If the insured is still alive, the method above will be used for past years and the amount of reinsurance and premium adjusted for the future to the amount that would have been correct at issue.

Misstatements. If the insured’s 's age or sex was misstated and the amount of insurance on the Company’s 's policies is adjusted, the Company and Life Re will share the adjustment in proportion to the amount of liability of each at the time of issue of the policies. Premiums will be recalculated for the correct age or sex and amounts according to the proportion as above and adjusted without interest. If the insured is still alive, the method above will be used for past years and the amount of reinsurance and premium adjusted for the future to the amount that would have been correct at issue.

Misstatements. If the insured’s 's age or sex was misstated and the amount of insurance on the Company’s 's policies is adjusted, the Company and Life Re will share the adjustment in proportion to the amount of liability of each at the time of issue of the policies. Premiums will be recalculated for the correct age or sex and amounts according to the proportion as above and adjusted without interest. If the insured is still alive, the method above will be used for past years and the amount of reinsurance and premium will be adjusted for the future to the amount that would have been correct at issue.

Misstatements. If the insured’s 's age or sex was misstated and the amount of insurance on the Company’s Reinsured policies is adjusted, the Company and Life Re will share the adjustment in proportion to the amount of liability of each at the time of issue of the policies. Premiums will be recalculated for the correct age or sex and amounts according to the proportion as above and adjusted without interest. If the insured is still alive, the method above will be used for past years and the amount amounts of reinsurance and premium will be adjusted for the future to the amount that would have been correct at issue.

Misstatements. If the insured’s 's age or sex was misstated and the amount of insurance on the Company’s 's policies is adjusted, the Company and Life Re Reinsurer will share the adjustment in proportion to the amount of liability of each at the time of issue of the policieswith respect to such Reinsured Policy. Premiums will be recalculated for the correct age or sex and amounts according to the proportion as above and adjusted without interest. If the insured is still alive, the method above will be used for past years and the amount of reinsurance and premium Premium adjusted for the future to the amount that would have been correct at issuethe Effective Date.

Misstatements. If the insured’s 's age or sex was misstated and the amount of insurance on the Company’s 's policies is adjusted, the Company and Life Re will share the adjustment in proportion to the amount of liability of each at the time of issue of the policies. Premiums will be recalculated for the correct age or sex and amounts according to the proportion as above and adjusted without interest. If the insured is still alive, the method above will be used for past years and the amount of reinsurance and premium will be adjusted for the future to the amount that would have been correct at issue.. LIFE RE AGREEMENT #6550-1

Misstatements. If the insured’s 's age or sex was misstated and the amount of insurance on the Company’s 's policies is adjusted, the Company and Life Re the Reinsurer will share the adjustment in proportion to the amount of liability of each at the time of issue of the policies. Premiums will be recalculated for the correct age or sex and amounts according to the proportion as above and adjusted without interest. If the insured is still alive, the method above will be used for past years and the amount of reinsurance and premium will be adjusted for the future to the amount that would have been correct at issue.