Common use of Unearned Premium Clause in Contracts

Unearned Premium. The Company shall take credit, without interest, for any unearned premiums, net of commissions or allowances, arising due to reductions, terminations, lapses, cancellations or death claims, in its account.

Appears in 6 contracts

Samples: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

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Unearned Premium. The Company shall take credit, without interest, for any unearned premiums, net of commissions or allowances, arising due to reductions, terminations, lapses, cancellations or death claims, in its account.

Appears in 3 contracts

Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

Unearned Premium. The Company shall take credit, without interest, for any unearned premiums, (net of commissions or allowances), arising due to reductions, terminations, lapses, cancellations or death claims, in its account.

Appears in 3 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

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Unearned Premium. The Company shall take credit, without interest, for any unearned premiums, (net of commissions or allowances, if applicable), arising due to reductions, terminations, lapses, cancellations or death claims, in its account.

Appears in 2 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

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