COMMENCEMENT AND TERMINATION OF LIABILITY. A. On reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. The liability under this Agreement will terminate either: 1. in accordance with the Duration of Agreement provisions of this Agreement as stated in Article XX; or, 2. for an individual contract, upon the earliest of the following occurrences defined in the contract(s) reinsured hereunder: a. the date the owner elects to annuitize b. surrender or termination of the contract
Appears in 3 contracts
Samples: Automatic Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two), Automatic Reinsurance Agreement (Hartford Life & Annuity Insurance Co Separate Account One), Automatic Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two)
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. The liability under this Agreement will terminate either:
1. either in accordance with the Duration of Agreement provisions of this Agreement as stated in Article XX; , or,
2. , for an individual contract, upon the earliest of the following occurrences defined in the contract(s) reinsured hereunder:
a. 1. the date the owner elects to annuitize b. 2. surrender or termination of the contract
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Hartford Life & Annuity Insurance Co Separate Account Seven)
COMMENCEMENT AND TERMINATION OF LIABILITY. A. On reinsurance ceded under the terms of this Agreement, the liability of the REINSURER shall commence simultaneously with that of the CEDING COMPANY. .
B. The liability of the REINSURER for all reinsured contracts under this Agreement will may terminate either:
1. in accordance with 1. the Duration of Agreement termination provisions of this Agreement as stated in set forth within Article XX; VI, Administration, or,
2. for an individual contract, upon the earliest of the following occurrences defined in the contract(s) reinsured hereunder:
a. the date the owner elects to annuitize b. surrender or termination of the contract
Appears in 1 contract
Samples: Automatic Coinsurance Agreement (Ge Life & Annuity Assurance Co Iv)
