UNUSUAL EXPENSES AND ADJUSTMENTS. 1. Any unusual expenses incurred by the REINSURED in defending or investigating a claim for policy liability or rescinding a policy reinsured hereunder shall be participated in by the REINSURER in the same proportion as its reinsurance bears to the total insurance under such policy.
Appears in 4 contracts
Samples: Agreement (Separate Account Vul-2 of the American Franklin Life Ins Co), Modified Coinsurance Agreement (Separate Account Vul-2 of the American Franklin Life Ins Co), Modified Coinsurance Agreement (Separate Account Vul-2 of the American Franklin Life Ins Co)
UNUSUAL EXPENSES AND ADJUSTMENTS. 1. Any unusual expenses expenses, as hereinafter defined, incurred by the REINSURED in defending or investigating a claim for policy liability on a Policy or rescinding a policy Policy reinsured hereunder shall be participated in by the REINSURER in the same proportion as its reinsurance bears to the total insurance under such policyReinsurance Share.
Appears in 2 contracts
Samples: Reinsurance Agreement (Metropolitan Mortgage & Securities Co Inc), Summit Securities Inc /Id/
UNUSUAL EXPENSES AND ADJUSTMENTS. 12. Any unusual expenses incurred by the REINSURED in defending or investigating a claim for policy liability or rescinding a policy reinsured hereunder hereunder, but net of unusual expenses receivable under other reinsurance agreements with respect to the portion of the policies reinsured hereunder, shall be participated in by the REINSURER in the same proportion as its reinsurance bears to the total insurance under such policy.
Appears in 1 contract
Samples: Reinsurance Agreement (American Life Holding Co Inc)
