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 Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLIC and Canada Life 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 3 contracts
Samples: Renewable Term Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Renewable Term Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Yearly Renewable Term Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I)
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 Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLIC HLAIC and Canada Life 12 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 3 contracts
Samples: Renewable Term Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Renewable Term Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Yearly Renewable Term Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I)