POLICIES AND RISKS REINSURED. The Policies and risks reinsured under this Agreement are the Cedent's net liability on the policies of all plans of variable annuities listed in Paragraph 2 below, including associated riders, that are in force as of the date of this Agreement or included in future endorsements. "Net liability" means the Cedent's net retained liability on all Policies. Certain policy exchanges for substantially similar policies undertaken by the Cedent for the sole purpose of administrative simplicity shall be considered endorsements rather than replacements and the resulting policies shall continue to be covered by this Agreement.
Appears in 8 contracts
Samples: Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Variable Annuity Account One)
POLICIES AND RISKS REINSURED. The Policies and risks reinsured under this Agreement are the Cedent's net liability on the policies of all plans of variable annuities listed in Paragraph 2 below, including associated riders, that are in force as of issue on or after the date of this Agreement or included in future endorsementsAgreement. "Net liability" means the Cedent's net retained liability on all Policies. Certain policy exchanges for substantially similar policies undertaken by the Cedent for the sole purpose of administrative simplicity shall be considered endorsements rather than replacements and the resulting policies shall continue to be covered by this Agreement.
Appears in 5 contracts
Samples: Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (First Metlife Investors Variable Annuity Account One)
