Lapses. If insurance lapses for nonpayment of premium and is reinstated under the terms of the particular policy and the Ceding Company's usual reinstatement practices and procedures, the reinsurance shall be reinstated by the Reinsurer as of the date of reinstatement. The Ceding Company must pay the Reinsurer all back reinsurance premiums and interest in the same manner as the Ceding Company received insurance premiums and interest under the particular policy.
Appears in 6 contracts
Samples: Assignment, Transfer and Novation Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Jackson National Separate Account Iv), Yrt Agreement (Sentry Variable Life Account I)
Lapses. If insurance lapses for nonpayment of premium and is reinstated under the terms of the particular policy and the Ceding Company's ’s usual reinstatement practices and procedures, the reinsurance of the particular policy shall be reinstated by the Reinsurer as of the date of reinstatement. The Ceding Company must pay the Reinsurer all back reinsurance premiums and interest in the same manner as the Ceding Company received the insurance premiums and interest under the particular policy.
Appears in 4 contracts
Samples: Coinsurance Agreement (Thrivent Variable Life Account I), Coinsurance Agreement (Kansas City Life Insurance Co), Coinsurance Agreement (Thrivent Variable Life Account I)
Lapses. If insurance lapses for nonpayment of premium and is reinstated under the terms of the a particular policy and the Ceding Company's usual reinstatement practices and procedures, the reinsurance shall be reinstated by the Reinsurer as of the date of the reinstatement. The Ceding Company must pay the Reinsurer all back reinsurance insurance premiums and interest in the same manner as the Ceding Company received insurance premiums and interest under the particular policy.
Appears in 1 contract
Samples: Yrt Agreement (Nationwide Provident Vli Separate Account 1)
Lapses. If insurance lapses for nonpayment of premium and is reinstated under the terms of the a particular policy and the Ceding Company's usual reinstatement practices and procedures, the reinsurance shall be reinstated by the Reinsurer as of the date of the reinstatement. The Ceding Company must pay the Reinsurer all back reinsurance premiums and interest in the same manner as the Ceding Company received insurance premiums and interest under the particular policy.
Appears in 1 contract
Samples: Yrt Agreement (Nationwide Provident Vli Separate Account 1)
