Claims Liability. OPTIMUM RE will be liable to THE COMPANY for the benefits reinsured hereunder to the same extent as THE COMPANY is liable to the insured for such benefits, and all reinsurance will be subject to the terms and conditions of the policy under which THE COMPANY is liable. OPTIMUM RE will also be liable for its proportionate share of interest on payment of the claim at the usual interest rate allowed by THE COMPANY.
Appears in 6 contracts
Samples: Automatic Reinsurance Agreement (Symetra Separate Account Sl), Automatic Reinsurance Agreement (Symetra Separate Account Sl), Reinsurance Agreement (Federal Life Group, Inc.)
