Contested Claims. The Ceding Company will advise the Reinsurer of its ---------------- intention to contest, compromise or litigate Benefit Payments involving annuities reinsured hereunder. The Reinsurer will pay its share of the expenses of such contests, in addition to its share of Benefit Payments, or it may choose not to participate. If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the full amount of its liability, prior to any contests, on the annuity reinsured hereunder.
Appears in 13 contracts
Samples: Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (Golden American Life Insurance Co /Ny/)
Contested Claims. The Ceding Company will advise the Reinsurer of its ---------------- intention to contest, compromise or litigate Benefit Payments any Claims involving annuities reinsured hereunderthe Annuities. The Reinsurer will pay its share of the expenses of such contests, in addition to its share of Benefit PaymentsClaims, or unless it may choose chooses not to participate. If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the full amount of its liability, prior to any contests, liability on the annuity Annuity reinsured hereunder.
Appears in 6 contracts
Samples: Reinsurance Agreement (Genworth Life & Annuity VA Separate Account 2), Reinsurance Agreement (Genworth Life of New York VA Separate Account 3), Reinsurance Agreement (Genworth Life of New York VA Separate Account 1)
Contested Claims. The Ceding Company will advise the Reinsurer of its ---------------- intention to contest, compromise or litigate Benefit Payments involving annuities reinsured hereunder. The Reinsurer will pay its share of the expenses of such contests, in addition to its share of Benefit Payments, or it may choose not to participate. If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the full amount of its liability, prior to any contests, on the annuity reinsured hereunder.
Appears in 4 contracts
Samples: Reinsurance Agreement (Golden American Life Insurance Co /Ny/), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H), Reinsurance Agreement (Nasl Variable Account)
Contested Claims. The Ceding Company will advise the Reinsurer of its ---------------- intention to contest, compromise or litigate Benefit Payments involving annuities reinsured hereunder. The Reinsurer will pay its share of the expenses of such contests, in addition to its share of Benefit PaymentsPaymentss, or it may choose not to participate. If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the full amount of its liability, prior to any contests, on the annuity reinsured hereunder.
Appears in 2 contracts
Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Ten)
Contested Claims. The Ceding Company will advise the Reinsurer of its ---------------- intention to contest, compromise or litigate Benefit Payments Claims involving annuities reinsured hereunder. The Reinsurer will pay its share of the expenses of such contests, in addition to its share of Benefit PaymentsClaims, or it may choose not to participate. If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the full amount of its liability, prior to any contests, liability on the annuity reinsured hereunderreinsured.
Appears in 2 contracts
Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A), Reinsurance Agreement (North American Security Life Insurance Co)
Contested Claims. The Ceding Company will advise the Reinsurer of its ---------------- intention to contest, compromise or litigate Benefit Payments any Claims involving annuities reinsured hereunder. The Reinsurer will may pay its share of the expenses expense of such contests, in addition to its share of Benefit PaymentsClaims, or it may choose not to participate. If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the full amount of its liability, prior to any contests, liability on the annuity reinsured hereunderreinsured.
Appears in 1 contract
Samples: Reinsurance Agreement (Liberty Financial Companies Inc /Ma/)
Contested Claims. The Ceding Company will advise the Reinsurer of its ---------------- intention to contest, compromise or litigate Benefit Payments any Claims involving annuities policies reinsured hereunder. The Reinsurer will pay its share of the expenses expense of such contests, in addition to its share of Benefit PaymentsClaims, or it may choose not to participate. If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the full amount of its liability, prior to any contests, liability on the annuity reinsured hereunderpolicy reinsured.
Appears in 1 contract
Contested Claims. The Ceding Company will advise the Reinsurer of its ---------------- intention to contest, compromise or litigate Benefit Payments any Claims involving annuities Policies reinsured hereunder. The Reinsurer will pay its share of the expenses of such contests, in addition to its share of Benefit PaymentsClaims, or it may choose not to participate. If the Reinsurer chooses not to participate, it will discharge its liability by payment to the Ceding Company of the full amount of its liability, prior to any contests, liability on the annuity policy reinsured hereunder.
Appears in 1 contract
Samples: Reinsurance Agreement (General American Separate Account Two)
