Common use of Maximum Reinsurance Recoverable Clause in Contracts

Maximum Reinsurance Recoverable. The total reinsurance recoverable from all reinsurers by the Company, including the Reinsurer, shall not exceed the Company’s total contractual liability on the Policy, less the amount retained by the Company. The maximum reinsurance death benefit payable to the Company under this Agreement is the Reinsured Amount specifically reinsured with the Reinsurer. Any settlement amounts beyond the Reinsured Amount voluntarily made by the Company are not reinsured hereunder. The Reinsurer shall pay its proportionate share of the interest that the Company pays on the death proceeds until the Company’s date of settlement, provided that the interest rate applied does not exceed the amount provided by state statute.

Maximum Reinsurance Recoverable. The total reinsurance recoverable from all reinsurers by the Company, including the ReinsurerReinsurer and claims paying Designee, shall not exceed the Company’s total contractual liability on the Policy, less the amount retained by the Company. The maximum reinsurance death benefit payable to the Company under this Agreement is the Reinsured Amount specifically reinsured with the Reinsurer. Any settlement amounts beyond the Reinsured Amount voluntarily made by the Company are not reinsured hereunder. The Reinsurer shall pay its proportionate share of the interest that the Company pays on the death proceeds until the Company’s date of settlement, provided that the interest rate applied does not exceed the amount provided by state statute.

Maximum Reinsurance Recoverable. The total reinsurance recoverable from all reinsurers by the Company, including the ReinsurerReinsurer and claims paying Designee, shall not exceed the Company’s 's total contractual liability on the Policy, less the amount retained by the Company. The maximum reinsurance death benefit Death Benefit payable to the Company under this Agreement is the Reinsured Amount specifically reinsured with the ReinsurerAmount. Any settlement amounts beyond in excess of the Reinsured Amount voluntarily made by the Company are not reinsured hereunder. The Reinsurer shall pay its proportionate share of the interest that the Company pays on the death proceeds until the Company’s 's date of settlement, provided that the interest rate applied does not exceed the amount provided by state statute.