DEATH CLAIMS PAYABLE. Death claims are payable only as a result of the actual death or disability of an insured, to the extent reinsured under this Agreement and for which there is contractual liability for the claim under the Ceding Company’s in force policy. Acceleration or estimation of death claims on living individuals is not permitted, will not be due, owing or payable, nor will they form the basis of any claim against the Reinsurer whatsoever.
Appears in 3 contracts
Samples: Yearly Renewable Term (Guardian Separate Account K), Yearly Renewable Term (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Yearly Renewable Term (Guardian Separate Acct N of the Guardian Ins & Annuity Co)
DEATH CLAIMS PAYABLE. Death claims are payable only as a result of the actual death (or disability for waiver of premium due to disability) of an insured, to the extent reinsured under this Agreement and for which there is contractual liability for the death claim under the Ceding Companyissuing company’s in force policy. Acceleration or estimation of reinsurance death claims on living individuals is not permitted, will not be due, owing or payable, nor will they form the basis of any claim against the Reinsurer whatsoever.
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account)
DEATH CLAIMS PAYABLE. Death claims are payable only as a result of the actual death or disability of an insured, to the extent reinsured under this Agreement and for which there is contractual liability for the death claim under the Ceding Company’s issuing company's in force policy. Acceleration or estimation of death claims on living individuals is not permitted, will not be due, owing or payable, nor will they form the basis of any claim against the Reinsurer whatsoever.
Appears in 1 contract
Samples: Coinsurance Agreement (Cuna Mutual Variable Life Insurance Account)
DEATH CLAIMS PAYABLE. Death claims are payable only as a result of the actual death (or disability for waiver of premium due to disability) of an insured, to the extent reinsured under this Agreement and for which there is contractual liability for the death claim under the Ceding Company’s issuing company's in force policy. Acceleration No acceleration or estimation of death claims on living individuals is not permitted, will not be due, owing or payable, nor will they form the basis of any claim against the Reinsurer whatsoever.
Appears in 1 contract
DEATH CLAIMS PAYABLE. Death claims are payable only as a result of the actual death or for waiver of premium due to disability of an insured, to the extent reinsured under this Agreement and for which there is contractual liability for the death or waiver of premium claim under the Ceding Companyissuing company’s in force policy. Acceleration or estimation of death claims on living individuals is not permitted, will not be due, owing or payable, nor will they form the basis of any claim against the Reinsurer whatsoever.
Appears in 1 contract
Samples: Reinsurance Agreement (Kansas City Life Insurance Co)
