PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 7 contracts
Sources: Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life of New York Account 8)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER the Reinsurer on the same basis as CEDING COMPANY the Ceding Company charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 4 contracts
Sources: Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Reinsurance Agreement (Llac Variable Account), Reinsurance Agreement (Mony America Variable Account L)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed lapse will be paid to REINSURER the Reinsurer on the same basis as CEDING COMPANY the Ceding Company charged its policy owner policyholder for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 3 contracts
Sources: Reinsurance Agreement (Guardian Separate Account K), Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, ; that occur when the policy is lapsed.
Appears in 1 contract
Sources: Reinsurance Agreement (Ids Life of New York Account 8)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER REINSURER. is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 1 contract
Sources: Automatic and Facultative Reinsurance Agreement (Ids Life Variable Life Separate Account)