Common use of Generali USA Clause in Contracts

Generali USA. 1. In the event of the Generali USA's insolvency, the Ceding Company may cancel the Agreement for future new business and will notify Generali USA in writing of its intent. The parties agree to waive the notification period for this cancellation, and the effective date will be no earlier than the effective date of Generali USA's insolvency.

Appears in 2 contracts

Samples: Jackson National Separate Account Iv, Jackson National Separate Account Iv

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Generali USA. 1. I, In the event of the Generali USA's insolvency, the Ceding Company may cancel the Agreement for future new business and will notify Generali USA in writing of its intentIntent. The parties agree to waive the notification period for this cancellation, and the effective date will be no earlier than the effective date of Generali USA's insolvency. Further, upon giving written notice to Generali USA, the Ceding Company may also recapture all of the inforce business reinsured by Generali USA under this Agreement. In such an event, Generali USA will return unearned premium less unearned allowances.

Appears in 1 contract

Samples: Ameritas Variable Separate Account V

Generali USA. 1. In the event of the Generali USA's ’s insolvency, the Ceding Company may cancel the Agreement for future new business and will notify Generali USA in writing of its intent. The parties agree to waive the notification period for this cancellation, and the effective date will be no earlier than the effective date of Generali USA's ’s insolvency.

Appears in 1 contract

Samples: Automatic Yearly Renewable Term (Farm Bureau Life Variable Account)

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Generali USA. 1. In the event of the Generali USA's insolvency, the Ceding Company may cancel the Agreement for future new business and will notify Generali USA in writing of its intent. The parties agree to waive the notification period for this cancellation, and the effective date will be no earlier than the effective date of Generali USAUSA 's insolvency.

Appears in 1 contract

Samples: Reinsurance Agreement (Ameritas Variable Separate Account V)

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