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

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as MARC receives proper claim notice and proof of the claim, MARC will promptly examine the claim and pay the reinsurance benefits due the Ceding Company as appropriate. The Ceding Company’s contractual liability for policies reinsured under this Agreement is binding on MARC. However, for claims incurred during the contestable period if the total amount of reinsurance ceded to all Reinsurers on the policy is greater than the amount 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 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 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 MARC. 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 settlement options.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as MARC the Reinsurer receives proper claim notice and proof of the claim, MARC the Reinsurer will promptly examine the claim and pay the reinsurance benefits due the Ceding Company as appropriateCompany. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on MARCthe Reinsurer. However, for claims incurred during the contestable period period, if the total amount of reinsurance ceded to all Reinsurers on the policy is greater than the amount 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 MARC the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) business 10 days for MARC’s 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 MARCthe Reinsurer. MARC 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 's settlement options.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as MARC receives proper claim notice and proof of the claim, MARC will promptly examine the claim and pay the reinsurance benefits due the Ceding Company as appropriate. The Ceding Company’s contractual liability for policies reinsured under this Agreement is binding on MARC. However, for claims incurred during the contestable period if the total amount of reinsurance ceded to all Reinsurers on the policy is greater than the amount retained by the Ceding Company, or if the Ceding Company retained less than its usual retention on the policy, the Ceding Company Company, through the Administrator, will consult with 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 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 MARC. 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 settlement options.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as MARC the Reinsurer receives proper claim notice and proof of the claim, MARC the Reinsurer will promptly examine the claim and pay Promptly ay the reinsurance benefits due the Ceding Company as appropriateCompany. The Ceding Company’s 's contractual liability for policies reinsured reinsured. under this Agreement is binding on MARCthe Reinsurers. However, for claims incurred during the contestable period period, if the total amount of reinsurance ceded to all Reinsurers on the policy is greater than the die amount 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 MARC the Reinsurer before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) business 10 days for MARC’s 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 MARCthe Reinsurer. MARC 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 's settlement options.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as MARC IHLIC receives proper claim notice and proof of the claim, MARC IHLIC will promptly examine the claim and pay the reinsurance benefits due the Ceding Company as appropriate. The Ceding Company’s contractual liability for policies reinsured under this Agreement is binding on MARCIHLIC. However, for claims incurred during the contestable period if the total amount of reinsurance ceded to all Reinsurers on the policy is greater than the amount retained by the Ceding Company, or if the Ceding Company retained less than its usual retention on the policy, the Ceding Company Company, through the Administrator, will consult with MARC IHLIC before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) business days for MARCIHLIC’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 MARCIHLIC. MARC IHLIC 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.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as MARC REINSURER receives proper claim notice and proof of the claim, MARC REINSURER will promptly examine the claim and pay the reinsurance benefits due the Ceding Company as appropriate. The Ceding Company’s 's contractual liability for policies reinsured under this Agreement is binding on MARCREINSURER. However, for claims incurred during the contestable period if the total amount of reinsurance ceded to all Reinsurers on the policy is greater than the amount 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 MARC REINSURER before conceding liability or making settlement to the claimant. The Ceding Company will wait at least ten (10) business days for MARC’s 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 MARCREINSURER. MARC 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 's settlement options.