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 proper claim proofs, the Reinsurer will promptly pay its Proportionate Share of all payable claims eligible for coverage under this Agreement. The maximum Reinsured Net Amount at Risk 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 on the death proceeds through the date of settlement that the Ceding Company is required to pay, either by law or under the terms of the policy. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s settlement options. The Reinsurer will pay its portion of accelerated benefits paid by the Ceding Company following the guidelines stated in Exhibit H.

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proper claim proofs, the Reinsurer will promptly pay its Proportionate Share of all payable claims eligible for coverage under this Agreement. The maximum Reinsured Net Amount at Risk 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 on the death proceeds through the date of settlement that the Ceding Company is required to pay, either by law or under the terms of the policy. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s 's settlement options. The Reinsurer will pay its portion of accelerated benefits paid by the Ceding Company following the guidelines stated in Exhibit H..

AMOUNT AND PAYMENT OF REINSURANCE BENEFITS. As soon as the Reinsurer receives proper claim notice and proper claim proofs, the Reinsurer will promptly pay its Proportionate Share of all payable claims eligible for coverage under this Agreement. The maximum Reinsured Net Amount at Risk 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 on the death proceeds through the date of settlement that the Ceding Company is required to pay, either by law or under the terms of the policy. Life benefit payments will be made in a single sum, regardless of the Ceding Company’s settlement options. The Reinsurer will pay its portion of accelerated benefits paid by the Ceding Company following the guidelines stated in Exhibit H..