EXTRACONTRACTUAL DAMAGES. Except as explicitly provided in this Paragraph 14(g.), REINSURER will not participate in and shall not be liable to reimburse CEDING COMPANY or others for any amounts in excess of REINSURER's share of the Reinsurance Risk Amount, including extra-contractual damages or liabilities and related expenses and fees. Extra-contractual damages are any damages awarded against CEDING COMPANY, including, for example, those resulting from negligence, reckless or intentional conduct, fraud, oppression, or bad faith committed by CEDING COMPANY in connection with the mortality risk insurance reinsured under this Agreement. For purposes of this agreement, the term "extra-contractual damages" shall include, by way of example and not by limitation:
Appears in 6 contracts
Samples: Automatic and Facultative Reinsurance Agreement (Ids Life Variable Life Separate Account), Automatic and Facultative Reinsurance Agreement (Ids Life of New York Account 8), Automatic and Facultative Reinsurance Agreement (Ids Life of New York Account 8)
EXTRACONTRACTUAL DAMAGES. Except as explicitly provided in this Paragraph 14(g.), REINSURER RENSURER will not participate in and shall not be liable to reimburse CEDING COMPANY or others for any amounts in excess of REINSURER's share of the Reinsurance Risk Amount, including extra-contractual damages or liabilities and related expenses and fees. Extra-contractual damages are any damages awarded against CEDING COMPANY, including, for example, those resulting from negligence, reckless or intentional conduct, fraud, oppression, or bad faith committed by CEDING COMPANY in connection with the mortality risk insurance reinsured under this Agreement. For purposes of this agreement, the term "extra-contractual damages" shall include, by way of example and not by limitation:
Appears in 1 contract
Samples: Automatic and Facultative Reinsurance Agreement (Ids Life Variable Life Separate Account)
