Common use of MISREPRESENTATION OR SUICIDE Clause in Contracts

MISREPRESENTATION OR SUICIDE. If the company returns premiums to the policyholder or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund net reinsurance premiums received on that policy without interest to the Company in lieu of any other form of reinsurance benefit payable under this Agreement.

Appears in 2 contracts

Samples: Reinsurance Agreement (Nationwide VLI Separate Account-7), The Agreement (Llac Variable Account)

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MISREPRESENTATION OR SUICIDE. If the company Company returns premiums to the policyholder or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will shall refund net reinsurance premiums received on that policy without interest to the Company in lieu of any other form of reinsurance benefit payable under this Agreement.

Appears in 1 contract

Samples: Duration of Agreement (US Alliance Corp)

MISREPRESENTATION OR SUICIDE. If the company Company returns premiums premium to the policyholder policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund net to the Company all reinsurance premiums received on that policy without interest to the Company in lieu of any other form of reinsurance benefit payable under this Agreement.

Appears in 1 contract

Samples: Ge Life & Annuity Assurance Co Ii

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MISREPRESENTATION OR SUICIDE. If the company Company returns premiums to premium to-the policyholder policyowner or beneficiary as a result of misrepresentation or suicide of the insured, the Reinsurer will refund net reinsurance premiums received on that policy without interest to the Company in lieu of any other form of reinsurance benefit payable under this Agreement.

Appears in 1 contract

Samples: Reinsurance Agreement (Penn Mutual Variable Life Account I)

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