Adjusted Amounts. In the event the amount of insurance provided by a policy reinsured hereunder is increased or reduced because of a misstatement of age or sex established after the death of the insured, OPTIMUM RE will share in the increase or reduction in the proportion that the liability of OPTIMUM RE bore to the total liability under the policy immediately prior to such increase or reduction.
Appears in 4 contracts
Samples: Reinsurance Agreement (Federal Life Group, Inc.), Reinsurance Agreement (Federal Life Group, Inc.), Automatic Reinsurance Agreement (US Alliance Corp)
Adjusted Amounts. In the event the amount of insurance provided by a policy reinsured hereunder is increased or reduced because of a misstatement of age or sex established after the death of the insured, OPTIMUM RE INVESTORS HERITAGE will share in the increase or reduction in the proportion that the liability of OPTIMUM RE INVESTORS HERITAGE bore to the total liability under the policy immediately prior to such increase or reduction.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Midwest Holding Inc.)
