Misstatements. In the event of an increase or reduction in the amount of the Company's insurance on any policy reinsured hereunder because of an overstatement or understatement of age or misstatement of sex, established after the death of the insured, the Company and Life Re will share in such increase or reduction in proportion to their respective amounts at risk under that policy.
Appears in 4 contracts
Samples: Reinsurance Agreement (Standard Management Corp), Reinsurance Agreement (Security Equity Life Insurance Co Separate Account 13), Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1)
Misstatements. In the event of an increase or reduction in the amount of the Company's insurance on any policy reinsured hereunder because of an overstatement or understatement of age or misstatement of sex, established after the death of the insured, the Company and Life Re the Reinsurer will share in such increase or reduction in proportion to their respective amounts at risk under that policy.
Appears in 2 contracts
Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)
Misstatements. In the event of an increase or reduction in the amount of the Company's insurance on any policy reinsured hereunder because of an overstatement or understatement of age or misstatement of sex, established after the death of the insured, the Company and Life Re will shall share in such increase or reduction in proportion to their respective net amounts at risk under that policy.
Appears in 1 contract
Samples: Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)
Misstatements. In the event of an increase or reduction in the amount of the Company's insurance coverage on any policy reinsured hereunder because of an overstatement or understatement of age or misstatement of sex, established after the death of the insured, the Company and Life Re will share in such increase or reduction in proportion to their respective amounts at risk under that policy.
Appears in 1 contract
Samples: Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)
Misstatements. In the event of an increase or reduction in the amount of the Company's insurance on any policy reinsured hereunder because of an overstatement or understatement of age or misstatement of sex, established after the death of the insured, the Company and Life Re re will share in such increase or reduction in proportion to their respective amounts at risk under that policy.
Appears in 1 contract
Samples: Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)
Misstatements. In the event of an increase or reduction in the amount of the Company's insurance on any policy reinsured hereunder because of an overstatement or understatement of age or misstatement of sex, established after the death of the insured, the Company and Life Re will shall share in such increase or reduction in proportion to their respective net amounts at risk under that policy.
Appears in 1 contract
Samples: Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)
