MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, MARC will refund its proportionate share of the premium refund to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement.
Appears in 6 contracts
Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Automatic and Facultative Yrt Reinsurance Agreement (Nationwide VL Separate Account-G), Automatic Yrt Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1)
MISREPRESENTATION OR SUICIDE. If the Ceding Company Company, through the Administrator, returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, MARC will refund its proportionate share of the premium refund to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement.
Appears in 1 contract
Samples: Automatic Yrt Second Excess Reinsurance Agreement (First Trinity Financial CORP)
MISREPRESENTATION OR SUICIDE. If the Ceding Company returns premium to the policyowner or beneficiary as a result of misrepresentation or suicide of the insured, MARC XXXX will refund its proportionate share of the premium refund to the Ceding Company in lieu of any other form of reinsurance benefit payable under this Agreement.
Appears in 1 contract
Samples: Automatic Yrt Reinsurance Agreement (National Variable Life Insurance Account)
