LIABILITY OF REINSURER. The Reinsurer shall be liable to the Ceding Company in the same manner as the Ceding Company is liable on the particular policy form(s) reinsured under this Agreement to the extent such terms and conditions are not contrary to the terms and conditions of this Agreement.
LIABILITY OF REINSURER. Reinsurer's liability for reinsurance under this Agreement shall follow that of Ceding Company in every case, and be subject in all respects to the general stipulations, terms, clauses, conditions, waivers and modifications of the Variable Annuity Contracts. In no event shall Reinsurer have any reinsurance liability unless the Variable Annuity Contract issued by Ceding Company is in force and the underwriting and issuance of coverage by Ceding Company constitutes the doing of business in a state of the United States of America or in territories of the United States of America in which Ceding Company is properly licensed and authorized to do business.
LIABILITY OF REINSURER. The liability of the Reinsurer with respect to each cession shall commence obligatorily and simultaneously with that of the Company according to the terms, conditions and limitations hereinafter set forth. The Reinsurer shall benefit from all reductions of losses by compromise, Third Party Reinsurance or otherwise.
LIABILITY OF REINSURER. The Company shall cede to Reinsurer, and Reinsurer shall accept, the following:
LIABILITY OF REINSURER. 10 3.3 Regulatory Filings and Approvals ...................................
LIABILITY OF REINSURER. Reinsurer's liability for reinsurance under this Agreement shall follow that of SAFECO in every case, and be subject to all respects to the general stipulations, terms, clauses, conditions, waivers and modifications of the Variable Annuity Contracts. In no event shall Reinsurer have any reinsurance liability unless the Variable Annuity Contract issued by SAFECO is in force and the underwriting and issuance of coverage by SAFECO constitutes the doing of business in a state of the United States of America in which SAFECO is properly licensed and authorized to do business.
LIABILITY OF REINSURER. Except as specifically limited by the Quota Share and by paragraph 5.04, the Reinsurer shall be liable to the Company for benefits in the same manner and in the same amounts as the Company is liable for benefits to the owners, annuitants or beneficiaries of the Policies.
LIABILITY OF REINSURER. For automatic reinsurances, REINSURER's liability will begin at the same time as the Ceding Company's liability. For facultative submissions, REINSURER's liability will begin at the same time as the Ceding Company's liability if all the requirements of Articles I and II have been met.
LIABILITY OF REINSURER. (9) ARTICLE VI - OVERSIGHTS ........................................ (10) Restoration ................................................ (10)
LIABILITY OF REINSURER. Reinsurer shall be responsible for and shall ---------------------- indemnify and hold Company harmless from Extra Contractual Liability based on acts or omissions of Reinsurer, its officers, employees, agents or other representatives, including without limitation liability arising from the settlement of claims by Reinsurer pursuant to this Agreement.
