Oversights. If failure to pay any premium due or to perform any other act required by this Agreement is unintentional and is caused by misunderstanding or oversight, the Reinsured and the Reinsurer will adjust the situation to what it would have been had the misunderstanding or oversight not occurred.
Appears in 32 contracts
Samples: Automatic Coinsurance Agreement (Priac Variable Contract Account A), Automatic Coinsurance Agreement (Priac Variable Contract Account A), Priac Variable Contract Account A
Oversights. If failure to pay any premium due or to perform any other act required by this Agreement is unintentional and is caused by misunderstanding oversight or oversightclerical error, the Reinsured and the Reinsurer will adjust shall be restored to the situation to what it position they would have been occupied had the misunderstanding misunderstanding, oversight or oversight clerical error not occurred.
Appears in 4 contracts
Samples: Reinsurance Agreement (WRL Series Annuity Account), Reinsurance Agreement (Separate Account Va U), Wma Corp
Oversights. If failure to pay any premium premiums due or to perform do any other act required by this Agreement is unintentional and is caused by misunderstanding or oversight, the Reinsured Company and the Reinsurer will adjust the situation to what it would have been had the misunderstanding or oversight not occurred.
Appears in 3 contracts
Samples: Custodial Agreement (Southern Security Life Insurance Co), Trust Agreement (Arm Financial Group Inc), Reinsurance Agreement (Security National Financial Corp)
Oversights. If failure to pay any premium due or to perform any other act required by this Agreement is unintentional and is caused by misunderstanding misunderstanding, oversight or oversightclerical error, the Reinsured and the Reinsurer will adjust shall be restored to the situation to what it position they would have been occupied had the misunderstanding misunderstanding, oversight or oversight clerical error not occurred.
Appears in 1 contract
Samples: Wma Total Quota Share (Wma Corp)
