PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 7 contracts
Samples: Automatic and Facultative Reinsurance Agreement (Ids Life Variable Life Separate Account), Automatic and Facultative Reinsurance Agreement (Ids Life of New York Account 8), Automatic and Facultative Reinsurance Agreement (Ids Life of New York Account 8)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER the Reinsurer on the same basis as CEDING COMPANY the Ceding Company charged its policy owner policyholder for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 7 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER the Reinsurer on the same basis as CEDING COMPANY the Ceding Company charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 4 contracts
Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Mony America Variable Account L), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Carillon Life Account)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER REINSURER. is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 1 contract
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, ; that occur when the policy is lapsed.
Appears in 1 contract
Samples: Automatic and Facultative Reinsurance Agreement (Ids Life of New York Account 8)
