Common use of Reductions and Terminations Clause in Contracts

Reductions and Terminations. a. If the face amount of the insurance with the CEDING COMPANY is reduced, the full amount of the reduction will reduce the reinsurance on the life. If the insurance is terminated, the reinsurance will be terminated as of the same date.

Appears in 4 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement (Life Investors Variable Life Account A), Reinsurance Agreement (Mony America Variable Account L)

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Reductions and Terminations. a. If the face amount of the insurance with the CEDING COMPANY is reduced, the full amount amount-of the reduction will reduce the reinsurance on the life. If the insurance is terminated, the reinsurance will be terminated as of the same date.

Appears in 1 contract

Samples: Reinsurance Agreement (Security Equity Life Insurance Co Separate Account 13)

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