Lapses. When a policy issued by the Company lapses, the corresponding reinsurance on the Reinsured Policy will be terminated effective the same date. Unless specified otherwise in this Agreement, if a policy fully retained by the Company lapses, the terms of Article
Appears in 10 contracts
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Thrivent Variable Life Account I)
Lapses. When a policy issued by the Company lapses, the corresponding reinsurance on the Reinsured Policy will be terminated effective the same date. Unless specified otherwise in this Agreement, if a policy fully retained by the Company lapses, the terms of ArticleArticle 7.3 will apply. If a policy issued by the Company lapses and extended term insurance is elected under the terms of that policy, the corresponding reinsurance on the Reinsured Policy will continue on the same basis as the original Reinsured Policy until the expiry of the extended term period.
Appears in 3 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1), Reinsurance Agreement (Thrivent Variable Life Account I)
Lapses. When a policy issued by the Company lapses, the corresponding reinsurance on the Reinsured Policy will be terminated effective the same date. Unless specified otherwise in this Agreement, if a policy fully retained by the Company lapses, the terms of ArticleArticle 7 .3 will apply. Full retention shall be defined as specified in Exhibit D of this Agreement.
Appears in 1 contract
Samples: Reinsurance Agreement (Symetra Resource Variable Account B)
