Reinstatement of Reinsurance Terminated for Nonpayment of Reinsurance Premiums. The Ceding Company may reinstate reinsurance on risks terminated in accordance with Section I within sixty (60) days after the effective date of termination by paying the unpaid Reinsurance Premiums for the risks inforce prior to the termination. However, the Reinsurer will not be liable for any claim incurred between the date of termination and the date of reinstatement. The effective date of reinstatement will be the date the required unpaid Reinsurance Premiums are received by the Reinsurer.
Appears in 7 contracts
Samples: Automatic and Facultative Monthly Renewable Term Reinsurance Agreement (Separate Account Vl I of Hartford Life Insurance Co), Renewable Term Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Renewable Term Reinsurance Agreement (Separate Account Vl I of Hartford Life Insurance Co)
Reinstatement of Reinsurance Terminated for Nonpayment of Reinsurance Premiums. The Ceding Company may reinstate reinsurance on risks terminated in accordance with Section I within sixty (60) days after the effective date of termination by paying the unpaid Reinsurance Premiums for the risks inforce prior to the termination. However, the Reinsurer will not be liable for any claim incurred between the date of termination and the date of reinstatementreinstatement of the reinsurance coverage. The effective date of reinstatement will be the date the required unpaid Reinsurance Premiums are received by the Reinsurer.
Appears in 4 contracts
Samples: Automatic and Facultative Monthly Renewable Term Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Reinsurance Agreement Effective December (Hartford Life Insurance Co Separate Account Vl Ii)
