Errors and Oversights. If either of us fail to comply with any of the provisions of this Agreement because of an unintentional oversight or misunderstanding, the underlying status of this Agreement will not be changed. Both of us will be restored to the position we would have occupied had no such oversight nor misunderstanding occurred.
Appears in 15 contracts
Samples: Reinsurance Agreement (PHL Variable Accumulation Account), Reinsurance Agreement (Nassau Life Variable Universal Life Account), Reinsurance Agreement (Nassau Life Variable Accumulation Account)
Errors and Oversights. If either of us fail to comply with any of the provisions of this Agreement because of an unintentional oversight or misunderstanding, the underlying status of this Agreement will not be changed. Both of us will be restored to the position we would have occupied had no such oversight nor misunderstanding occurred.. Continued...
Appears in 1 contract
Samples: Automatic Reinsurance Agreement Effective November (Travelers Fund Ul for Variable Life Insurance)
Errors and Oversights. If either of us fail foil to comply with any of the provisions of this Agreement because of an unintentional oversight or misunderstanding, the underlying status of this Agreement will not be changed. Both of us will be restored to the position we would have occupied had no such oversight nor misunderstanding occurred.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Variable Account II of AGL of Delaware)
