Common use of Death Claims Clause in Contracts

Death Claims. Claims covered under this Agreement include only "Death Claims" which: (i) are for the proportionate share of the risk reinsured by Generali USA; (ii) arise out of the death of the Reinsured Policy's named insured; and, (iii) are based upon the contractual death benefits specified in the Reinsured Policy including any applicable riders and supplementary benefits that are reinsured, as more fully specified in Schedule A. The Reinsurer shall also pay its proportionate share of interest imposed automatically by statute without regard to fault.

Appears in 2 contracts

Samples: Reinsurance Agreement (Jackson National Separate Account Iv), Reinsurance Agreement (Jackson National Separate Account Iv)

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Death Claims. Claims covered under this Agreement include only "Death Claims" which: : (i) are for the proportionate share of the risk reinsured by Generali USAthe Reinsurer; (ii) arise out of the death of the Reinsured Policy's named insured; and, (iii) are based upon the contractual death benefits specified in the Reinsured Policy including any applicable riders and supplementary benefits that are reinsured, as more fully specified in Schedule A. The Reinsurer shall also pay its proportionate share of interest imposed automatically by statute without regard to faultfault and investigative expenses as provided below.

Appears in 1 contract

Samples: Reinsurance Agreement (Ameritas Variable Separate Account V)

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Death Claims. Claims covered under this Agreement include only "Death Claims" which: (i) are for the proportionate share of the risk reinsured by Generali USA; (ii) arise out of the death of the Reinsured Policy's named insured; and, (iiiii) are based upon the contractual death benefits specified in the Reinsured Policy including any applicable riders and supplementary benefits that are reinsured, as more fully specified in Schedule A. The Reinsurer shall also pay its proportionate share of interest imposed automatically by statute without regard to fault.

Appears in 1 contract

Samples: Reinsurance Agreement (Ameritas Variable Separate Account V)

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