Common use of Recapture of Payments Clause in Contracts

Recapture of Payments. This Guaranty shall not be discharged by any payment made by National Integrity Life to a policyholder where, because of the insolvency of National Integrity Life, such payment is returned to National Integrity Life as a result of legal proceedings brought by the rehabilitator of National Integrity Life.

Appears in 2 contracts

Samples: Guaranty (Separate Account I of National Integrity Life Ins Co), Separate Account Ii of National Integrity Life Insurance Co

AutoNDA by SimpleDocs

Recapture of Payments. This Guaranty shall not be discharged by any payment made by National Integrity Life to a policyholder where, because of the insolvency of National Integrity Life, such payment is returned to National Integrity Life as a result of legal proceedings brought by the rehabilitator of National Integrity Life.

Appears in 2 contracts

Samples: Guaranty (Separate Account Ii of Integrity Life Insurance Co), Separate Account Vul of Integrity Life Insurance Co

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.