FACULTATIVE REINSURANCE. For Facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, provided that the Reinsurer has made a binding Facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 14 contracts
Samples: Yrt Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account), Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account), Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s 's liability will commence at the same time as the Ceding Company’s 's liability, including liability under any conditional receipt or temporary insurance provision, provided that the Reinsurer has made a binding Facultative facultative offer and that offer was accepted, during the lifetime of the insured, accepted in accordance with the terms of this Agreement.
Appears in 13 contracts
Samples: Reinsurance Agreement (Riversource Variable Life Separate Account), Reinsurance Agreement (Riversource of New York Account 8), Reinsurance Agreement (Ids Life Variable Life Separate Account)
FACULTATIVE REINSURANCE. For Facultative reinsurance, The Reinsurer's liability for facultative reinsurance on the Reinsurer’s liability will commence at the same time as individual risk shall begin simultaneously with the Ceding Company’s liability, provided that 's liability once the Reinsurer has made a binding Facultative offer accepted in writing the application for facultative reinsurance and that offer was accepted, during the lifetime of Ceding Company has accepted the insured, in accordance with the terms of this AgreementReinsurer's offer.
Appears in 7 contracts
Samples: Assignment, Transfer and Novation Agreement (Ameritas Variable Separate Account V), Coinsurance Agreement (Cuna Mutual Variable Life Insurance Account), Reinsurance Agreement (Jnlny Separate Account Iv)
FACULTATIVE REINSURANCE. For Facultative reinsurance, the Reinsurer’s 's liability will commence at the same time as the Ceding Company’s 's liability, provided that the Reinsurer has made a binding Facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 6 contracts
Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Ameritas Life Insurance Corp Separate Account LLVL), Reinsurance Agreement (Ameritas Variable Separate Account V)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s 's liability will commence at the same time as the Ceding Company’s 's liability, provided that the Reinsurer has made a binding Facultative facultative offer and that offer was accepted, during the lifetime of the insured, accepted in accordance with the terms of this Agreement.
Appears in 5 contracts
Samples: Automatic Yrt Reinsurance Agreement (Ids Life Variable Life Separate Account), Automatic Yrt Reinsurance Agreement (Ids Life of New York Account 8), Automatic Yrt Reinsurance Agreement (Ids Life of New York Account 8)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s 's liability will commence at the same time as the Ceding Company’s 's liability, provided that the Reinsurer has made a binding Facultative facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 4 contracts
Samples: Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account), Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account), Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s 's liability will commence at the same time as once the Ceding Company’s liability, provided that Company has accepted the Reinsurer has made a binding Facultative Reinsurer's offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreementpolicy has been issued.
Appears in 2 contracts
Samples: Automatic Yrt Reinsurance Agreement (Ids Life of New York Account 8), Automatic Yrt Reinsurance Agreement (Ids Life Variable Life Separate Account)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, provided that the Reinsurer has made a binding Facultative facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 2 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, provided that the Reinsurer has made a binding Facultative facultative offer and that offer was accepted, accepted during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Reinsurance Agreement (American National Variable Life Separate Account)
FACULTATIVE REINSURANCE. For Facultative reinsurance, the The Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, liability provided that the Reinsurer has made a binding Facultative facultative offer and that offer was acceptedaccepted by the Ceding Company, during the lifetime of the insuredinsured and within one hundred twenty (120) days of the offer, in accordance with the terms of in this Agreementagreement.
Appears in 1 contract
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, provided that the Reinsurer has made a binding Facultative an unconditional facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 1 contract
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s REINSURER's liability will commence at the same time as the Ceding Company’s 's liability, provided that the Reinsurer REINSURER has made a binding Facultative facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Reinsurance Agreement (National Variable Life Insurance Account)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding CompanyCedent’s liability, provided that the Reinsurer has made a binding Facultative facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, provided that the Reinsurer has made a binding Facultative written facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s Reinsurers liability will commence at the same time as the Ceding Company’s 's liability, provided that the Reinsurer has made a binding Facultative facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement. The Reinsurer shall become liable for its share of the risk, provided that the policy has been delivered according to the usual procedures of the Company and that the Company has followed its facultative coverage rules for reinsurance placement.
Appears in 1 contract
Samples: Reinsurance Agreement (Nationwide VLI Separate Account-7)
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s 's liability will commence at the same time as the Ceding Company’s 's liability, provided that the Reinsurer has made a binding Facultative facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement. The Reinsurer shall become liable for its share of the risk, provided that the policy has been delivered according to the usual procedures of the Company and that the Company has followed its facultative coverage rules for reinsurance placement.
Appears in 1 contract
FACULTATIVE REINSURANCE. For Facultative facultative reinsurance, the Reinsurer’s 's liability will shall commence at the same time as the Ceding Company’s 's liability, provided that the Reinsurer has made a binding Facultative an unconditional facultative offer and that unconditional offer was acceptedaccepted in writing, during the lifetime of the insured, in accordance with the terms of this Agreement. The Reinsurer shall become liable for its share of the risk, provided that the policy has been delivered according to the usual procedures of the Company and that the Company has followed its facultative coverage rules for reinsurance placement.
Appears in 1 contract
