REINSURANCE BASIS. This Agreement, including the attached Schedules, states the terms and conditions of automatic and facultative reinsurance that is on a Yearly Renewable Term basis. This Agreement is applicable only to reinsurance of policies directly written by CEDING COMPANY. Any policies acquired through merger of another company, reinsurance, or purchase of another company's policies are not included under the terms of this Agreement.
REINSURANCE BASIS. Subject to the terms and conditions of this Agreement, the Ceding Company hereby cedes to the Reinsurer, and the Reinsurer hereby accepts and agrees to reinsure, on an indemnity basis, the Reinsured Liabilities on a coinsurance basis. The reinsurance effected under this Agreement shall be maintained in force, without reduction, as long as the Ceding Company has any liabilities or obligations with respect to the Reinsured Policies, unless such reinsurance is terminated as provided herein.
REINSURANCE BASIS. Yearly Renewable Term
REINSURANCE BASIS. Reinsurance Coverage is the Reinsurer’s Quota Share, plus amounts in excess of the Ceding Company’s Maximum Dollar Retention Limits, as shown in Section 3 of Schedule A, to be ceded on a Yearly Renewable Term. This agreement is limited to the indemnification of the Ceding Company’s contractual liabilities of the Covered Policies, defined herein as the policies directly written by the Ceding Company as set forth in Section 2 of Schedule A. Any policies acquired through merger with another company, reinsurance, or purchase of another company’s policies, are not included under the terms of this Agreement.
REINSURANCE BASIS. Yearly Renewable Term based on true mortality rating regardless of what the Company charges its insureds.
REINSURANCE BASIS. Life reinsurance for Xxxx Xxxxxxx issues of the policies listed in Schedule A will be reinsured on a Modified Coinsurance basis.
REINSURANCE BASIS. Reinsurance under this Agreement must be life insurance as stated in Schedule A. You must automatically reinsure and we must automatically accept the life insurance for the plans and riders as stated in Schedule A. Our liability for the risks ceded shall be based on the quota share specified in Schedule A unless a greater amount is reinsured pursuant to Paragraph 2 of this Article.
REINSURANCE BASIS. Coinsurance
REINSURANCE BASIS. As of the Effective Time, the Ceding Companies hereby cede on an indemnity reinsurance basis to the Reinsurer, and the Reinsurer hereby accepts and agrees to reinsure and indemnify the Ceding Companies for, one hundred percent (100%) of the Reinsured Liabilities. The reinsurance effected under this Agreement shall be maintained in force, without reduction, unless such reinsurance is terminated as provided herein.
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