Financial Impairment of Reinsurer. For the purpose of this Agreement, the “Financial Impairment” of the Reinsurer shall be deemed to have occurred when:
Appears in 4 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)