MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your underlying policy, we will both share in the change in proportion to our original liabilities at the time the policy was issued.
Appears in 11 contracts
Samples: Automatic Reinsurance Agreement (Union Security Insurance Co Variable Account C), Automatic Reinsurance Agreement (Agl Separate Account Vl-R), Automatic Reinsurance Agreement (Usl Separate Account Usl Vl-R)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your underlying the policy, we the parties will both share in the change in proportion to our the original liabilities at as of the time the policy was issued.
Appears in 9 contracts
Samples: Reinsurance Agreement (Nassau Life Variable Accumulation Account), Reinsurance Agreement (Nassau Life Variable Universal Life Account), Reinsurance Agreement (PHL Variable Accumulation Account)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your the underlying policy, we all parties will both share in the change in proportion to our their original liabilities at the time the policy was issued.
Appears in 4 contracts
Samples: Reinsurance Agreement (Ausa Series Life Account), WRL Series Life Account, Global Preferred Holdings Inc
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your our underlying policy, we will both share in the change in proportion to our original liabilities at as of the time the policy was issued.
Appears in 3 contracts
Samples: Reinsurance Agreement (PHL Variable Accumulation Account), Reinsurance Agreement (Nassau Life Variable Accumulation Account), Reinsurance Agreement (Nassau Life Variable Universal Life Account)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your our underlying policy, we will both share in the change in proportion to our original liabilities at the time the policy was issued.
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account), Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a & reinsured life causes Life Causes an increase or reduction in the amount of insurance in your underlying policy, we will both share in the change in proportion to our original liabilities at the time the policy was issued.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Variable Account II of AGL of Delaware)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your underlying policy, we will both share in the change in proportion to our original liabilities at the time the policy was issued. In the event that correction of age or sex causes retention to be changed, per schedule at time of issue, amounts retained and reinsured will be corrected.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement Effective November (Travelers Fund Ul for Variable Life Insurance)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your the underlying policy, we all parties will both share in the change in proportion to our their original liabilities at the time the policy was issued, but the liability of the Reinsurer under this Agreement shall in no event exceed the limits specified herein.
Appears in 1 contract
