US ALLIANCE’S LIABILITY Clause Samples
US ALLIANCE’S LIABILITY. With respect to the policies reinsured, US Alliance agrees to accept its share of the liability arising from coverages provided under such policies. The liability of US Alliance shall be limited to a fifty percent (50%) Quota Share of all benefits covered under the Voya block of reinsured policy forms and riders and one hundred percent (100%) of all benefits covered under the ▇▇▇▇▇ block of reinsured policy forms and riders.
US ALLIANCE’S LIABILITY. US Alliance’s liability shall begin and end with the liability of LLIC. Reinsurance shall be inforce and binding on US Alliance as long as, where applicable, the reinsurance premiums continue to be paid when due while the insurance remains inforce. US Alliance’s liability shall be determined in accordance with LLIC policies issued in connection with the coverage giving rise to reinsurance. US Alliance acknowledges that LLIC has provided its retention schedule(s), underwriting guidelines, issue rules, premium rates, policy forms and claims guidelines necessary for US Alliance’s reinsurance and administration of the Policies.