MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your underlying policy, we will both share in the change in proportion to our original liabilities at the time the policy was issued.
Appears in 11 contracts
Samples: Automatic Reinsurance Agreement (Union Security Insurance Co Variable Account C), Automatic Reinsurance Agreement (Usl Separate Account Usl Vl-R), Automatic Reinsurance Agreement (Agl Separate Account Vl-R)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your underlying the policy, we the parties will both share in the change in proportion to our the original liabilities at as of the time the policy was issued.
Appears in 9 contracts
Samples: Pool Reinsurance Agreement (Nassau Life Variable Accumulation Account), Automatic Coinsurance Agreement (PHL Variable Accumulation Account), Pool Reinsurance Agreement (Nassau Life Variable Universal Life Account)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your the underlying policy, we all parties will both share in the change in proportion to our their original liabilities at the time the policy was issued.
Appears in 4 contracts
Samples: Automatic Pool Reinsurance Agreement (Global Preferred Holdings Inc), Reinsurance Agreement (WRL Series Life Account), Automatic Pool Reinsurance Agreement (Global Preferred Holdings Inc)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your our underlying policy, we will both share in the change in proportion to our original liabilities at as of the time the policy was issued.
Appears in 3 contracts
Samples: Pool Reinsurance Agreement (PHL Variable Accumulation Account), Pool Reinsurance Agreement (Nassau Life Variable Universal Life Account), Pool Reinsurance Agreement (Nassau Life Variable Accumulation Account)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your our underlying policy, we will both share in the change in proportion to our original liabilities at the time the policy was issued.
Appears in 2 contracts
Samples: Novation Agreement (Nassau Life Variable Universal Life Account), Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a & reinsured life causes Life Causes an increase or reduction in the amount of insurance in your underlying policy, we will both share in the change in proportion to our original liabilities at the time the policy was issued.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Variable Account II of AGL of Delaware)
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your the underlying policy, we all parties will both share in the change in proportion to our their original liabilities at the time the policy was issued, but the liability of the Reinsurer under this Agreement shall in no event exceed the limits specified herein.
Appears in 1 contract
MISSTATEMENT OF AGE OR SEX. If the misstatement of the age or sex of a reinsured life causes an increase or reduction in the amount of insurance in your underlying policy, we will both share in the change in proportion to our original liabilities at the time the policy was issued. In the event that correction of age or sex causes retention to be changed, per schedule at time of issue, amounts retained and reinsured will be corrected.
Appears in 1 contract
Samples: Reinsurance Agreement (Travelers Fund Ul for Variable Life Insurance)
