Common use of AMOUNT AND PAYMENT OF REINSURANCE BENEFITS Clause in Contracts

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s contractual liability for policies reinsured under this Agreement is binding on the Reinsurer. However, for claims incurred during the contestable period, if the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk on the policy, the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) days for the Reinsurer’s recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer. However, for claims incurred during the contestable period, if the total amount of reinsurance ceded to all reinsurers on the Reinsurer policy is equal to or greater than 50% of the total net amount at risk retained by the Company, or if the Company retained less than its usual retention on the policy, the Ceding Company will consult with and promptly and fully disclose all information relating to the Reinsurer claim before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten five (105) working days for the Reinsurer’s Reinsurers recommendation. The Company acknowledges and agrees that its obligation to consult with the Reinsurer on contestable claims is a material inducement to the Reinsurer agreeing to provide reinsurance hereunder and that absent such an obligation, the Reinsurer would not have agreed to provide reinsurance hereunder. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlementsettlement except if settlement is delayed as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits, then the Reinsurer will pay its share of interest to the date settlement would have been made if there were no dispute or contest. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; provided, however, it that such single sum will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annuallyexclude interest that accrues on settlement options other than single pay.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer, provided that generally accepted industry practices are followed in the adjudication of the claim. When a death occurs within the contestable period and reinsurance was ceded facultatively, then all papers connected with the claim furnished to the Ceding Company by the Beneficiary/Owner will be submitted to the Reinsurer for recommendation before the Ceding Company admits liability or makes any settlement with its claimant. The Reinsurer will review all the claim papers and make a recommendation within 5 working days after the receipt of all necessary papers. However, for claims incurred during such consultation will not impair the contestable period, if Ceding Company's freedom to determine the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk proper action on the policy, claim and the settlement made by the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) days for still be unconditionally binding on the Reinsurer’s recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life IDSL-NY Succession Select Treaty Death benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer, provided that generally accepted industry practices are followed in the adjudication of the claim. When a death occurs within the contestable period and reinsurance was ceded facultatively, then all papers connected with the claim furnished to the Ceding Company by the Beneficiary/Owner will be submitted to the Reinsurer for recommendation before the Ceding Company admits liability or makes any settlement with its claimant. The Reinsurer will review all the claim papers and make a recommendation within 5 working days after the receipt of all necessary papers. However, for claims incurred during such consultation will not impair the contestable period, if Ceding Company's freedom to determine the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk proper action on the policy, claim and the settlement made by the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) days for still be unconditionally binding on the Reinsurer’s recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life Death benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.IDSL-NY Succession Select Treaty

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer MARC receives proper claim notice and proof of the claim, the Reinsurer MARC will promptly examine the claim and pay the reinsurance benefits due the Ceding CompanyCompany as appropriate. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the ReinsurerMARC. However, for claims incurred during the contestable period, period if the total amount of reinsurance ceded to all Reinsurers on the Reinsurer policy is greater than 50% of the total net amount at risk retained by the Ceding Company, or if the Ceding Company retained less than its usual retention on the policy, the Ceding Company will consult with the Reinsurer MARC before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) business days for MARC's recommendation. The reinsurance benefit for an approved waiver of premium claim will be MARC's proportionate share of the Reinsurer’s recommendationannual gross premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. MARC will pay waiver benefits annually regardless of the mode of premium payment specified in the policy. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the ReinsurerMARC. The Reinsurer MARC will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer. However, for claims incurred during the contestable period, if the total amount of reinsurance ceded to all Reinsurers on the Reinsurer policy is greater than 50% of the total net amount at risk retained by the Ceding Company, or if the Ceding Company retained less than its usual retention on the policy, the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) 10 days for the Reinsurer’s 's recommendation. In the instance of a claim incurred during the contestable period and to the extent that it is consistent with the procedures in Exhibit I, the Ceding Company shall promptly forward to the Reinsurer the notice of claim and all relevant materials, including the underwriting file, and shall thereafter continue to promptly forward all materials pertaining to the claim as they are received. The Reinsurer shall review the claim papers, underwriting papers including the underwriter's proposed decision on the claim and make a recommendation within 5 working days from receipt of the request. The consultation shall not impair the Ceding Company's freedom to act upon its proposed decision on the claim, and the Ceding Company shall be solely responsible for the final claims decision. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the state mandated interest that the Ceding Company pays on the death proceeds until the date of settlement. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer, provided that generally accepted industry practices are followed in the adjudication of the claim. When a death occurs within the contestable period and reinsurance was ceded facultatively, then all papers connected with the claim furnished to the Ceding Company by the Beneficiary/Owner will be submitted to the Reinsurer for recommendation before the Ceding Company admits liability or makes any settlement with its claimant. The Reinsurer will review all the claim papers and make a recommendation within 5 working days after the receipt of all necessary papers. However, for claims incurred during such consultation will not impair the contestable period, if Ceding Company's freedom to determine the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk proper action on the policy, claim and the settlement made by the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) days for still be binding on the Reinsurer’s recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life Death benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.IDS Succession Select Treaty

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer MARC receives proper claim notice and proof of the claim, the Reinsurer MARC will promptly examine the claim and pay the reinsurance benefits due the Ceding CompanyCompany as appropriate. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the ReinsurerMARC. However, for claims incurred during the contestable period, period if the total amount of reinsurance ceded to all Reinsurers on the Reinsurer policy is greater than 50% of the total net amount at risk retained by the Ceding Company, or if the Ceding Company retained less than its usual retention on the policy, the Ceding Company will consult with the Reinsurer MARC before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) business days for the Reinsurer’s MARC's recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the ReinsurerMARC. The Reinsurer MARC will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s MARC's proportionate share of the monthly deduction or stipulated annual gross premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer MARC will pay waiver benefits annuallyannually regardless of the mode of premium payment specified in the policy.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer, provided that generally accepted industry practices are followed in the adjudication of the claim. When a death occurs within the contestable period and reinsurance was ceded facultatively, then all papers connected with the claim furnished to the Ceding Company by the Beneficiary/Owner will be submitted to the Reinsurer for recommendation before the Ceding Company admits liability or makes any settlement with its claimant. The Reinsurer will review all the claim papers and make a recommendation within 5 working days after the receipt of all necessary papers. However, for claims incurred during such consultation will not impair the contestable period, if Ceding Company's freedom to determine the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk proper action on the policy, claim and the settlement made by the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) days for still be binding on the Reinsurer’s recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life Death benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.IDSL-NY Succession Select Treaty

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s contractual liability for policies reinsured under this Agreement is binding on the Reinsurer. However, for claims incurred during the contestable period, if the amount of The maximum reinsurance ceded death benefit payable to the Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer is greater than 50% will also pay its proportional share of statutory interest that the total net amount at risk Company pays on the policydeath proceeds until the date of settlement except if settlement is delayed as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits, the Ceding Company will consult with then the Reinsurer before conceding liability or making settlement will pay its share of interest to the claimant. The Ceding Company will wait at least ten (10) days for the Reinsurer’s recommendationdate settlement would have been made if there were no dispute or contest. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the statutory interest that the Ceding Company pays on the death proceeds until the date of settlementsettlement except if settlement is delayed as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits, then the Reinsurer will pay its share of interest to the date settlement would have been made if there were no dispute or contest. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; provided, however, it that such single sum will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annuallyexclude interest that accrues on settlement options other than single pay.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the Reinsurer's share of the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer, provided that generally accepted industry practices are followed in the adjudication of the claim. When a death occurs within the contestable period and reinsurance was ceded facultatively, then all papers connected with the claim furnished to the Ceding Company by the Beneficiary/Owner will be submitted to the Reinsurer for comment before the Ceding Company admits liability or makes any settlement with its claimant. The Reinsurer will review all the claim papers and respond within 5 working days after the receipt of all necessary papers. However, for claims incurred during such consultation will not impair the contestable period, if Ceding Company's freedom to determine the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk proper action on the policy, claim and the settlement made by the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) days for still be unconditionally binding on the Reinsurer’s recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life Death benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.IDS VUL JLLS Generic Master Treaty

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As For noncontestable claims $2,000,000 or less, as soon as the Reinsurer receives proper claim notice and proof of the reinsured claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s contractual liability for policies reinsured under this Agreement is binding on the Reinsurer. However, for noncontestable claims over $2,000,000 or claims incurred during the contestable period, if the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk on the policy, the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to with the claimant. The However, such consultation shall not impair the Ceding Company’s freedom to determine its course of action on the claim, and the final decision shall be that of the Ceding Company. In reaching its decision, the Ceding Company shall act with good faith and in accord with its standard practices applicable to all claims, whether reinsured or not. For contestable claims, the Ceding Company will wait at least ten (10) 10 days for the Reinsurer’s recommendation. Exhibit I describes the procedures for claims incurred during the contestable period. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlementproceeds. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the Reinsurer's share of the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer, provided that generally accepted industry practices are followed in the adjudication of the claim. When a death occurs within the contestable period and reinsurance was ceded facultatively, then all papers connected with the claim furnished to the Ceding Company by the Beneficiary/Owner will be submitted to the Reinsurer for comment before the Ceding Company admits liability or makes any settlement with its claimant. The Reinsurer will review all the claim papers and respond within 5 working days after the receipt of all necessary papers. However, for claims incurred during such consultation will not impair the contestable period, if Ceding Company's freedom to determine the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk proper action on the policy, claim and the settlement made by the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) days for still be unconditionally binding on the Reinsurer’s recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life Death benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.IDSL-NY Succession Select Treaty

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on the Reinsurer, provided that generally accepted industry practices are followed in the adjudication of the claim. When a death occurs within the contestable period and reinsurance was ceded facultatively, then all papers connected with the claim furnished to the Ceding Company by the Beneficiary/Owner will be submitted to the Reinsurer for recommendation before the Ceding Company admits liability or makes any settlement with its claimant. The Reinsurer will review all the claim papers and make a recommendation within 5 working days after the receipt of all necessary papers. However, for claims incurred during such consultation will not impair the contestable period, if Ceding Company's freedom to determine the amount of reinsurance ceded to the Reinsurer is greater than 50% of the total net amount at risk proper action on the policy, claim and the settlement made by the Ceding Company will consult with the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) days for still be unconditionally binding on the Reinsurer’s recommendation. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s 's total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlement. Life Death benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; however, it will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annually.IDSL Succession Select Treaty

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proof of the claim, the Reinsurer will promptly pay the reinsurance benefits due the Ceding Company. The Ceding Company’s contractual liability for policies reinsured under this Agreement is binding on the Reinsurer. However, for claims incurred during the contestable period, if the total amount of reinsurance ceded to all reinsurers on the Reinsurer policy is equal to or greater than 50% of the total net amount at risk retained by the Company, or if the Company retained less than its usual retention on the policy, the Ceding Company will consult with and promptly and fully disclose all information relating to the Reinsurer claim before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten five (105) working days for the Reinsurer’s recommendationresponse. The Company acknowledges and agrees that its obligation to consult with the Reinsurer on contestable claims is a material inducement to the Reinsurer agreeing to provide reinsurance hereunder and that absent such an obligation, the Reinsurer would not have agreed to provide reinsurance hereunder. The total reinsurance recoverable from all companies will not exceed the Ceding Company’s total contractual liability on the policy, less the amount retained. The maximum reinsurance death benefit payable to the Ceding Company under this Agreement is the risk amount specifically reinsured with the Reinsurer. The Reinsurer will also pay its proportionate share of the interest that the Ceding Company pays on the death proceeds until the date of settlementsettlement except if settlement is delayed as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits, then the Reinsurer will pay its share of interest to the date settlement would have been made if there were no dispute or contest. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s settlement options. The reinsurance benefit for an approved waiver of premium claim will be the Reinsurer’s proportionate share of the monthly deduction or stipulated premium waived on the policy. The Ceding Company will continue to pay the life reinsurance premium; provided, however, it that such single sum will not pay the reinsurance premium for the waiver benefit for the duration of the waiver claim period. The Reinsurer will pay waiver benefits annuallyexclude interest that accrues on settlement options other than single pay.