Commencement & Termination of Liability. 1. On reinsurance ceded under the terms of this Agreement, the liability of Swiss Re America shall commence simultaneously with that of the Company, and will terminate upon the earliest of re-registration, annuitization, surrender or termination in accordance with Article XIX and Exhibit A. Re-registration is a term used to describe a process in which the Beneficiary continues the Variable Annuity Contract as the new Owner upon death of the original Owner.
Appears in 5 contracts
Samples: Automatic Reinsurance Agreement (Nasl Variable Account), Automatic Reinsurance Agreement (Nasl Variable Account), Automatic Reinsurance Agreement (Nasl Variable Account)
Commencement & Termination of Liability. 1. On reinsurance ceded under the terms of this Agreement, the liability of Swiss Re America shall commence simultaneously with that of the Company, and will terminate upon the earliest of re-registration, annuitization, surrender or termination in accordance with Article XIX and Exhibit A. Re-registration is a term used to describe a process in which the Beneficiary continues the Variable Annuity Contract as the new Owner upon death of the original OwnerXVIII.
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Separate Account a of Union Security Life Ins Co of New York), Automatic Reinsurance Agreement (Variable Account D of Union Security Insurance Co)
Commencement & Termination of Liability. 1. On reinsurance ceded under the terms of this Agreement, the liability of Swiss Re America shall commence simultaneously with that of the Company, and will terminate upon the earliest of re-registration, annuitization, surrender or termination in accordance with Article XIX and Exhibit A. Re-registration is a term used to describe a process in which the Beneficiary continues the Variable Annuity Contract as the new Owner upon death of the original Owner.. SWISS RE AMERICA
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Commencement & Termination of Liability. 1. On reinsurance ceded under the terms of this Agreement, the liability of Swiss Re America shall commence simultaneously with that of the Companyon and after July 1, 1996, and will terminate upon the earliest of re-registration, annuitization, surrender or termination in accordance with Article XIX and Exhibit A. Re-registration is a term used to describe a process in which the Beneficiary continues the Variable Annuity Contract as the new Owner upon death of the original OwnerXXII.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Variable Account B American Intl Life Assur Co of New York)
Commencement & Termination of Liability. 1. On reinsurance ceded under the terms of this Agreement, the liability of Swiss Re America shall commence simultaneously with that on the later of the Companyeffective date of this Agreement or the effective date of the contract reinsured, and will terminate upon the earliest of re-registration, annuitization, surrender or termination in accordance with Article XIX and Exhibit A. Re-registration is a term used to describe a process in which the Beneficiary continues the Variable Annuity Contract as the new Owner upon death of the original Owner.. SWISS RE AMERICA
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Commencement & Termination of Liability. 1. On reinsurance ceded under the terms of this Agreement, the liability of Swiss Re America shall commence simultaneously with that of the Company, and will terminate upon the earliest of re-registration, annuitization, surrender annuitization or termination of the annuity contract in accordance with Article XIX and Exhibit A. Re-registration is a term used to describe a process in which the Beneficiary continues the Variable Annuity Contract as the new Owner upon death of the original Owner.XVIII. SWISS RE AMERICA
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities)
