Facultative Coverage. Reinstatement of the reinsurance on policies ceded to the REINSURER on a facultative basis will require prior written approval of the REINSURER. Upon reinstatement the CEDING COMPANY shall pay to the REINSURER all reinsurance premiums that would have been paid if such reinsurance had not been terminated, plus interest at the same rate charged by the CEDING COMPANY.
Appears in 4 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement (Life Investors Variable Life Account A), Reinsurance Agreement (Mony America Variable Account L)
