Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state taking jurisdiction over the insolvency.
Appears in 8 contracts
Samples: Reinsurance Agreement (Separate Account a of Pacific Life Insurance Co), Reinsurance Agreement (Genworth Life & Annuity VA Separate Account 2), Reinsurance Agreement (Genworth Life of New York VA Separate Account 3)
Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any the insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws law of the state taking exercising jurisdiction over the insolvency.
Appears in 7 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement (WRL Series Annuity Account), Reinsurance Agreement (Separate Account Va B)
Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in In the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state state, territory or country, as applicable, taking jurisdiction over the insolvency, as such laws exist as of the Effective Date of this Agreement.
Appears in 4 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement, Reinsurance Agreement (Separate Account a of Pacific Life Insurance Co)
Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement or any other reinsurance agreements between the parties will shall be offset against each other, dollar for dollar; provided, regardless of any insolvency of either party. Howeverhowever, in the event of an insolvencyinsolvency of either party, offsets offset will be allowed in accordance with to the statutory, common and case laws of extent permitted under applicable insolvency law governing the state taking jurisdiction over the insolvencyinsolvency process.
Appears in 2 contracts
Samples: Reinsurance Agreement (New England Variable Annuity Separate Account), Reinsurance Agreement (First MetLife Investors Variable Annuity Account One)
Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in In the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state state, territory or country, as applicable, taking jurisdiction over the insolvency, as such laws exist as of the First Amended and Restated Effective Date of this Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Lincoln Life Variable Annuity Account N), Reinsurance Agreement (Lincoln Life Variable Annuity Account N)
Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties hereto will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state taking jurisdiction over the insolvency.
Appears in 2 contracts
Samples: Reinsurance Agreement (Jefferson National Life Annuity Account G), Reinsurance Agreement (PHL Variable Accumulation Account II)
Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state taking jurisdiction over the insolvencyinsolvency as such laws exist as of the Effective Date of this Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)
Offset of Payments. All monies due either the Ceding Company or the ------------------ Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the Ceding Company's domiciliary state taking jurisdiction over as such laws exist as of the insolvencyeffective date of this Agreement.
Appears in 1 contract
Samples: Reinsurance Agreement (General American Separate Account Two)
Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of any insolvency of either party. However, in In the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state state, territory or country, as applicable, taking jurisdiction over the insolvency, as such laws exist as of the Effective Date of this Agreement.
Appears in 1 contract
Samples: Reinsurance Trust Agreement (Lincoln Life Variable Annuity Account N)
Offset of Payments. All monies due either the Ceding Company or the Reinsurer under this Agreement or any other reinsurance agreements between the parties will be offset against each other, dollar for dollar, regardless of EXECUTION VERSION Page 29 of 64 any insolvency of either party. However, in In the event of an insolvency, offsets will be allowed in accordance with the statutory, common and case laws of the state state, territory or country, as applicable, taking jurisdiction over the insolvency, as such laws exist as of the Effective Date of this Agreement.
Appears in 1 contract
Samples: Reinsurance Agreement (Pruco Life Flexible Premium Variable Annuity Account)
