Common use of Unearned Premiums Clause in Contracts

Unearned Premiums. Lincoln agrees to refund, without interest, any reinsurance premiums unearned as of the date of death of an insured person, the date of the surrender of a Policy, or the date of a reduction of reinsurance pursuant to the “Reductions in Insurance” article.

Appears in 2 contracts

Sources: Coinsurance Agreement (Symetra Financial CORP), Coinsurance Agreement (Symetra Financial CORP)

Unearned Premiums. Lincoln agrees to refund, refund without interest, any reinsurance premiums unearned as of the date of death of an insured person, the date person or as of the surrender of a Policy, or the date of a reduction of reinsurance pursuant to the “Reductions in Insurance” "Reductions" article.

Appears in 1 contract

Sources: Reinsurance Agreement (Farm Bureau Life Variable Account)