Cash Surrender Values Clause Samples
The Cash Surrender Values clause defines the amount a policyholder is entitled to receive if they choose to terminate a life insurance policy before its maturity or the insured event occurs. Typically, this value is calculated based on the premiums paid, minus any applicable fees or outstanding loans, and may increase over time as more premiums are paid. The core function of this clause is to provide a clear, predetermined payout option for policyholders who no longer wish to maintain their coverage, ensuring transparency and financial flexibility.
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Cash Surrender Values. The Reinsurer will not reimburse the Company for cash surrender values paid to the policyholder.
Cash Surrender Values. The Reinsurer will reimburse the Ceding Company for that portion of the Cash Surrender Values paid by the Ceding Company during the current Accounting Period in accordance with the terms of the Annuities which corresponds to the portion of the Annuities reinsured hereunder.
Cash Surrender Values. The term “Cash Surrender Values,” as used in this Agreement, shall mean amounts paid by the Ceding Company upon termination of the Annuities in accordance with the terms of the Annuities. The Reinsurer shall reimburse the Ceding Company for the Quota Share Percentage of the Cash Surrender Values paid by the Ceding Company during the current Accounting Period in accordance with the terms of the Annuities.
Cash Surrender Values. The Reinsurer has no obligation to reimburse the Company for any cash values paid by the Company upon surrender of the policies.
Cash Surrender Values. The CORPORATION shall reimburse the REINSURED for the cash values paid by the REINSURED upon surrender of the policies.
Cash Surrender Values. Not applicable for reinsurance.
Cash Surrender Values. The Reinsurer will reimburse the Ceding Company for that portion of the partial and full Cash Surrender Values paid by the Ceding Company in accordance with the terms of the annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder.