OVERSIGHTS AND CLERICAL ERRORS. A. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions they would have occupied had no such oversight, misunderstanding or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.
Appears in 15 contracts
Samples: Confidentiality and Non Disclosure Agreement (Variable Account D of Union Security Insurance Co), Confidentiality and Non Disclosure Agreement (Variable Account D of Union Security Insurance Co), Automatic Reinsurance Agreement (Variable Account D of Union Security Insurance Co)
OVERSIGHTS AND CLERICAL ERRORS. A. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions they would have occupied had no such oversight, misunderstanding or clerical error occurred. Such conditions are to be reported promptly after discovery and corrected promptly after discoverywithin an agreed upon time frame.
Appears in 7 contracts
Samples: Automatic Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two), Automatic Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Automatic Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One)
OVERSIGHTS AND CLERICAL ERRORS. A. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this such noncompliance is shown to be the unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated therebyremain in full force and effect, but both companies the REINSURER and the CEDING COMPANY shall be restored to the positions they would have occupied had no such noncompliance, oversight, misunderstanding or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.
Appears in 3 contracts
Samples: Automatic Reinsurance Agreement (Variable Annuity Account Seven), Automatic Reinsurance Agreement (Variable Account Ii Aig Life Insurance Co), Annuity Reinsurance Agreement (Variable Separate Account of Anchor National Life Insur Co)
OVERSIGHTS AND CLERICAL ERRORS. A. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, an oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions they would have occupied had no such oversight, misunderstanding oversight or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.
Appears in 2 contracts
Samples: Automatic Yearly Renewable Term Agreement (Farmers Variable Life Separate Account A), Automatic Yearly Renewable Term Agreement (Farmers Variable Life Separate Account A)
OVERSIGHTS AND CLERICAL ERRORS. A. B. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions they would have occupied had no such oversight, misunderstanding or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Manufacturers Life Insurance Co Usa Separate Account H)
OVERSIGHTS AND CLERICAL ERRORS. A. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions position they would have occupied had no such oversight, misunderstanding misunderstanding, or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.
Appears in 1 contract
Samples: Guarantee Agreement (Ge Life & Annuity Assurance Co Iv)
OVERSIGHTS AND CLERICAL ERRORS. A. Should either the CEDING COMPANY or the REINSURER RESINURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, thereby but both companies shall be restored to the positions they would have occupied had no such oversight, misunderstanding or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.
Appears in 1 contract
Samples: Reinsurance Agreement (Travelers Fund Bd Iii for Variable Annuities)
