Common use of PARTIES TO THIS AGREEMENT Clause in Contracts

PARTIES TO THIS AGREEMENT. This is an agreement for indemnity reinsurance solely between the Company and the Reinsurer. The performance of the obligations of each Party under this Agreement shall be rendered solely to the other Party. The acceptance of risks under this Agreement shall create no right or legal relationship between the Reinsurer and the insured, owner or beneficiary of any insurance policy or other contract of the Company.

Appears in 8 contracts

Samples: Coinsurance and Assumption Agreement (Athene Annuity & Life Co), Coinsurance Agreement (Athene Annuity & Life Co), Coinsurance Agreement (Protective Life Corp)

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PARTIES TO THIS AGREEMENT. This Agreement is an agreement for indemnity reinsurance and is solely between the Company and the Reinsurer. The performance of Reinsurer (hereinafter referred to collectively as the obligations of each Party under this Agreement shall be rendered solely to the other Party“parties”). The acceptance of risks under this Agreement shall will create no right or legal relationship whatsoever between the Reinsurer and the insured, owner owner, beneficiary, or beneficiary any other person having an interest of any kind in any insurance policy or other contract of reinsured under this Agreement. This Agreement will be binding upon the Companyparties and their respective successors and assigns.

Appears in 2 contracts

Samples: Automatic Yrt Reinsurance Agreement (Citizens Inc), Automatic Yrt Reinsurance Agreement (Citizens Inc)

PARTIES TO THIS AGREEMENT. This Agreement is an agreement for indemnity reinsurance and is solely between the Company and the Reinsurer. The performance of Reinsurer (hereinafter referred to collectively as the obligations of each Party under this Agreement shall be rendered solely to the other Party“parties”). The acceptance of risks under this Agreement shall will create no right or legal relationship whatsoever between the Reinsurer and the insured, owner owner, beneficiary, or beneficiary any other person having an interest of any kind in any insurance policy or other contract of reinsured under this Agreement. This Agreement will be binding upon the Companyparties and their respective successors and assigns. 2.

Appears in 1 contract

Samples: Facultative Yrt Reinsurance Agreement (National Variable Life Insurance Account)

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PARTIES TO THIS AGREEMENT. This Agreement is an agreement for indemnity reinsurance and is solely between the Company and the Reinsurer. The performance of Reinsurer (hereinafter referred to collectively as the obligations of each Party under this Agreement shall be rendered solely to the other Party-parties"). The acceptance of risks under this Agreement shall w ill create no right or legal relationship whatsoever between the Reinsurer and the insured, owner or beneficiary beneficiary, or any assignee of any insurance policy policy, or other contract of reinsured under this Agreement. This Agreement will be binding upon the Companyparties and their respective successors and assigns.

Appears in 1 contract

Samples: Automatic Yrt Reinsurance Agreement (Nationwide VLI Separate Account-7)

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