Reduction in Liability. If the Reinsurer does not Opt Out, and the Company’s contest, compromise, or litigation results in a reduction in its liability, the Reinsurer shall share in the reduction in the proportion that the Reinsurer’s liability bears to the total liability on the insured’s date of death.
Appears in 5 contracts
Samples: Reinsurance Agreement, Coinsurance Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Automatic and Facultative (John Hancock Life Insurance Co (Usa) Separate Account A)
Reduction in Liability. If the Reinsurer does not Opt Out, and the Company’s 's contest, compromise, or litigation results in a reduction in its liability, the Reinsurer shall share in the reduction in the proportion that the Reinsurer’s 's liability bears to the total liability on the insured’s 's date of death.
Appears in 1 contract
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G)
