Common use of MISREPRESENTATION OR SUICIDE Clause in Contracts

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 18 contracts

Samples: Reinsurance Agreement (Riversource of New York Account 8), Reinsurance Agreement (Riversource Variable Life Separate Account), Reinsurance Agreement (Riversource of New York Account 8)

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MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 6 contracts

Samples: Automatic Yrt Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life of New York Account 8), Automatic Yrt Reinsurance Agreement (Ids Life Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 5 contracts

Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Nationwide VLI Separate Account-7), Reinsurance Agreement (Farmers Variable Life Separate Account A)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium Premium to the policyowner policy owner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or as a result of the suicide of the insured, the Reinsurer will refund all net reinsurance premiums Premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policyCompany.

Appears in 4 contracts

Samples: Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account), Yrt Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account), Yrt Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 4 contracts

Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Ameritas Life Insurance Corp Separate Account LLVL), Reinsurance Agreement (Penn Mutual Variable Life Account I)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 3 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account), Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insuredmisrepresentation, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in . In the event there is litigation, settlement, or other disposition of a claim in connection with settlement under the suicide provision of the policy, the Reinsurer will pay their proportionate share of the policy proceeds.

Appears in 3 contracts

Samples: Reinsurance Agreement (American National Variable Life Separate Account), Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner policy owner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 2 contracts

Samples: Reinsurance Agreement (Symetra Separate Account Sl), Automatic and Facultative Yrt Reinsurance Agreement (Farm Bureau Life Variable Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however in the event of a claim contest the Reinsurer remains liable shall continue to the Ceding Company under be bound by the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policyAgreement.

Appears in 2 contracts

Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life of New York Account 8)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement however, in the event there is litigation, settlement, or other disposition of a claim in connection with the policy, the parties will follow the process described in Section 9.4., above..

Appears in 2 contracts

Samples: Reinsurance Agreement (Riversource Variable Life Separate Account), Reinsurance Agreement (Riversource of New York Account 8)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains may remain liable to the Ceding Company under the terms of this Agreement Section 9.4 above in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 2 contracts

Samples: Reinsurance Agreement (Riversource of New York Account 8), Reinsurance Agreement (Riversource Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner policy owner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer REINSURER will refund all reinsurance premiums received on that policy without interest its proportionate share of the premium refund to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (National Variable Life Insurance Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insured, the Reinsurer REINSURER will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest Interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Ids Life of New York Account 8)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insuredlnsured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Farmers Variable Life Separate Account A)

MISREPRESENTATION OR SUICIDE. If the Ceding Ceding, Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Automatic Yrt Reinsurance Agreement (Ids Life of New York Account 8)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however however, the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policypolicy provided the Ceding Company returns the appropriate premium to the Reinsurer if coverage is found.

Appears in 1 contract

Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium Premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or as a result of the suicide of the insured, the Reinsurer will refund all net reinsurance premiums Premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policyCompany.

Appears in 1 contract

Samples: Reinsurance Agreement (Minnesota Life Variable Life Account)

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MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.. (B17) 00000-00-00 Final 16 3/12/2017

Appears in 1 contract

Samples: Reinsurance Agreement (Allstate Life of N Y Var Life Sep Acct A)

MISREPRESENTATION OR SUICIDE. If the Ceding Company company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of IDSL VUL4 / LP Select Treaty 15 reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium Premium to the policyowner policy owner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or as a result of the suicide of the insured, the Reinsurer will refund all reinsurance premiums Premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policyCompany.

Appears in 1 contract

Samples: Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of or reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Automatic Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the IDSL-NY VUL4/LP Select Treaty 15 Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Ids Life of New York Account 8)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium premiums to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner owner or beneficiary of an Insurance Policy as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy Insurance Policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (Protective Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.. (R14) 00000-00-00 Final 16 3/12/2017

Appears in 1 contract

Samples: Reinsurance Agreement (Allstate Assurance Co Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or as a result of the suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner Policy owner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund all net reinsurance premiums received on that policy without interest Policy as mutually agreed upon to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Principal National Life Insurance Co Variable Life Separate Account)

MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of fraud or misrepresentation within the policy contestable period or suicide of the insured, the Reinsurer will refund all reinsurance premiums received on that policy without interest Interest to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement; however the Reinsurer remains liable to the Ceding Company under the terms of this Agreement in the event there is litigation, settlement, or other disposition of a claim in connection with the policy.

Appears in 1 contract

Samples: Reinsurance Agreement (Thrivent Variable Life Account I)

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