MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Company’s liability on a Policy due to a misstatement of age or sex, the Reinsurer’s liability shall change proportionately. The face amount of the Policy shall be adjusted from the inception of the Policy, and any difference in premiums and considerations paid under this Agreement shall be settled without interest.
Appears in 5 contracts
Samples: Reinsurance Agreement, Modified Coinsurance Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Company’s 's liability on a Policy reinsured policy due to a misstatement of age or sex, the Reinsurer’s 's liability shall will change proportionately. The face amount of the Policy shall reinsured policy will be adjusted from the inception of the Policypolicy, and any difference in premiums and considerations paid under this Agreement shall net of allowances will be settled without interest.
Appears in 3 contracts
Samples: Reinsurance Agreement (Nationwide VLI Separate Account-7), Reinsurance Agreement (Nationwide Vli Separate Account 4), Reinsurance Agreement (Triple-S Management Corp)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Company’s liability on a Policy reinsured policy due to a misstatement of age or sex, the Reinsurer’s liability shall will change proportionately. The face amount of the Policy shall reinsured policy will be adjusted from the inception of the Policypolicy and the Reinsurer’s liability will be calculated on the adjusted face amount, and any difference in premiums and considerations paid under this Agreement shall net of allowances will be settled without interest.
Appears in 3 contracts
Samples: Reinsurance Agreement (Penn Mutual Variable Life Account I), Reinsurance Agreement (COLI VUL-4 Series Account of First Great-West Life & Annuity Insurance CO), Reinsurance Agreement (COLI VUL-4 Series Account of First Great-West Life & Annuity Insurance CO)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Company’s 's liability on a Policy reinsured policy due to a misstatement of age or sex, the Reinsurer’s 's liability shall will change proportionatelyaccordingly. The face amount of the Policy shall reinsured policy will be adjusted from the inception of the Policypolicy and the Reinsurer's liability will be calculated on the adjusted face amount, and any difference in premiums and considerations paid under this Agreement shall net of allowances will be settled without interest.
Appears in 2 contracts
Samples: Reinsurance Agreement (Symetra Separate Account Sl), Automatic Yearly Renewable Term Reinsurance Agreement (Symetra Separate Account Sl)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Company’s liability on a Policy reinsured policy due to a misstatement of age or sex, the Reinsurer’s liability shall will change proportionately. The face amount of the Policy shall reinsured policy will be adjusted from the inception of the Policypolicy, and any difference in premiums and considerations paid under this Agreement shall net of allowances will be settled without interest.
Appears in 1 contract
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Company’s 's liability on a Policy due to a misstatement of age or sex, the Reinsurer’s 's liability shall change proportionately. The face specified amount of the Policy shall be adjusted from the inception of the Policy, and any difference in premiums and considerations paid under this Agreement shall be settled without interest.
Appears in 1 contract
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Company’s 's liability on a Policy reinsured policy due to a misstatement of age or sex, the Reinsurer’s 's liability shall will change proportionately. The face amount of the Policy shall Reinsurance premiums will be adjusted from the inception of the Policypolicy, and any difference in premiums and considerations paid under this Agreement shall will be settled without interest.
Appears in 1 contract
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Ceding Company’s liability on a Policy reinsured policy due to a misstatement of age or sex, the ReinsurerXXXX’s liability shall will change proportionately. The face amount of the Policy shall reinsured policy will be adjusted from the inception of the Policypolicy, and any difference in premiums and considerations paid under this Agreement shall will be settled without interest.
Appears in 1 contract
Samples: Automatic Yrt Reinsurance Agreement (National Variable Life Insurance Account)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Ceding Company’s 's liability on a an Insurance Policy due to a misstatement of age or sex, the Reinsurer’s 's liability shall will change proportionately. The face amount of the Insurance Policy shall will be adjusted from the inception of the Insurance Policy, and any difference in premiums and considerations paid under this Agreement shall will be settled without interest.
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (Protective Variable Life Separate Account)
MISSTATEMENT OF AGE OR SEX. In the event of a change in the amount of the Ceding Company’s liability on a an Insurance Policy due to a misstatement of age or sex, the Reinsurer’s liability shall will change proportionately. The face amount of the Insurance Policy shall will be adjusted from the inception of the Insurance Policy, and any difference in premiums and considerations paid under this Agreement shall will be settled without interest.
Appears in 1 contract
Samples: Reinsurance Agreement (Protective Variable Life Separate Account)
