Payment of Reinsurance Proceeds. Payment of life reinsurance proceeds will be made in a single sum regardless of the Ceding Company's mode of settlement with the payee.
Appears in 20 contracts
Samples: Reinsurance Agreement (Separate Account Vl I of Hartford Life Insurance Co), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Reinsurance Agreement Effective December (Hartford Life & Annuity Insurance Co Sep Account Vl I)
Payment of Reinsurance Proceeds. Payment of life reinsurance proceeds will be made in a single sum regardless of the Ceding Company's mode of settlement with the payee. The Reinsurer shall reimburse the Ceding Company for its share of any interest paid on claims by the Ceding Company. Participation in accrued interest by the Reinsurer shall be paid in accordance with the applicable state statutory regulations.
Appears in 2 contracts
Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii)
Payment of Reinsurance Proceeds. Payment of life reinsurance proceeds will be made in a single sum regardless of the Ceding Company's mode of settlement with the payee. The Reinsurer shall reimburse the Ceding Company for its proportionate share of any interest paid by the Ceding Company. Participation in accrued interest by the Reinsurer shall be in accordance with the applicable state statutory regulations.
Appears in 2 contracts
Samples: Automatic Yearly Renewable Term (Separate Account Vl I of Hartford Life Insurance Co), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I)
