CLAIM EXPENSES. The Reinsurer will pay its share of reasonable investigation and legal expenses connected with the litigation or settlement of contractual liability claims unless the Reinsurer has released its liability, in which case the Reinsurer will not participate in any expenses after the date of release. However, claim expenses do not include routine claim and administration expenses, including the Ceding Company's home office expenses. Also, expenses incurred in connection with a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits that the Ceding Company admits are payable are not a claim expense under this Agreement.
Appears in 12 contracts
Samples: Coinsurance Agreement (Cuna Mutual Variable Life Insurance Account), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
CLAIM EXPENSES. The Reinsurer will pay its share of reasonable investigation and legal expenses connected with the litigation or settlement of contractual liability claims unless the Reinsurer has released its liability, in which case the Reinsurer will not participate in any expenses after the date of release. However, claim expenses do not include routine claim and administration expenses, including the Ceding Company's ’s home office expenses. Also, expenses incurred in connection with a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits that the Ceding Company admits are payable are not a claim expense under this Agreement.
Appears in 4 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account)
CLAIM EXPENSES. The Reinsurer will pay its share of reasonable investigation and legal expenses connected with the litigation or settlement of contractual liability claims claims, unless the Reinsurer has released discharged its liabilityliability as described in Section 9.4 above, in which case the Reinsurer will not participate in any expenses after the date of releasedischarge. However, claim Claim expenses do not include routine home office claim and administration expenses, including the Ceding Company's home office expenses. Also, ’s expenses incurred in connection with by the Ceding Company as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits that the Ceding Company admits are payable are not a claim expense under this Agreementbenefits.
Appears in 3 contracts
Samples: Ceding Company Agreement (Minnesota Life Individual Variable Universal Life Account), Automatic/Facultative (Minnesota Life Individual Variable Universal Life Account), Automatic/Facultative (Minnesota Life Individual Variable Universal Life Account)
