Settlement. If the Reinsurance Consideration for the Accounting Period is a positive amount, the Ceding Company shall owe such amount to the Reinsurer. If the Reinsurance Consideration for the Accounting Period is a negative amount, the Reinsurer shall owe the absolute value of such amount to the Ceding Company. Settlement shall be made in accordance with Section 11.03.
Appears in 26 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven)
Settlement. If the Reinsurance Consideration Expense Allowance for the Accounting Period is a positive amount, the Ceding Company Reinsurer shall owe such amount to the ReinsurerCeding Company. If the Reinsurance Consideration Expense Allowance for the Accounting Period is a negative amount, the Reinsurer Ceding Company shall owe the absolute value of such amount to the Ceding CompanyReinsurer. Settlement shall be made in accordance with Section 11.03.
Appears in 26 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life Insurance Co), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven)
Settlement. If the Reinsurance Consideration Benefits for the Accounting Period is a positive amount, the Ceding Company Reinsurer shall owe such amount to the ReinsurerCeding Company. If the Reinsurance Consideration Benefits for the Accounting Period is a negative amount, the Reinsurer Ceding Company shall owe the absolute value of such amount to the Ceding CompanyReinsurer. Settlement shall be made in accordance with Section 11.03.
Appears in 26 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One)
Settlement. If the Reinsurance Consideration Funds Withheld Adjustment for the Accounting Period is a positive amount, the Ceding Company shall owe such amount to the Reinsurer. If the Reinsurance Consideration Funds Withheld Adjustment for the Accounting Period is a negative amount, the Reinsurer shall owe the absolute value of such amount to the Ceding Company. Settlement shall be made in accordance with Section 11.03.
Appears in 15 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life Insurance Co)
