Modified Coinsurance. Reinsurer agrees to accept, and it does accept as of the Effective Date, cession of the Reinsured Contracts, and to assume, and it does assume, on a modified coinsurance basis, all Separate Account obligations and liability as may be related to express, written contractual liability insured under the Reinsured Contracts and provided under the Related Agreements after such date.
Appears in 6 contracts
Samples: Service Agreement and Indemnity Combination Coinsurance Agreement (Hancock John Variable Annuity Account H), Service Agreement and Indemnity Combination Coinsurance Agreement (Hancock John Variable Annuity Account U), Service Agreement (Hancock John Variable Annuity Account Jf)
Modified Coinsurance. Reinsurer agrees to accept, and it does accept as of the Effective Date, cession of the Reinsured ContractsPolicies, and to assume, and it does assume, on a modified coinsurance basis, (a) all Separate Account obligations and liability as may be related relates to express, written contractual liability insured under the Reinsured Contracts Policies and provided under the Related Agreements after such datedate (the “Modified Coinsurance Reserve”); and (b) all rights and responsibilities of the Ceding Company under the Reinsurance Agreements to the extent applicable to the Reinsured Policies.
Appears in 2 contracts
Samples: Reinsurance Agreement, Service Agreement (Hancock John Variable Life Account U)
Modified Coinsurance. Reinsurer agrees to accept, and it does accept as of the Effective Date, cession of the Reinsured ContractsPolicies, and to assume, and it does assume, assume on a modified coinsurance basis, all Separate Account obligations and liability as may be related it relates to express, express written contractual liability insured under the Reinsured Contracts Policies and provided under the Related Agreements after such datedate (the “Modified Coinsurance Reserve”); and (b) all rights and responsibilities of the Ceding Company under the Novated Reinsurance to the extent applicable to the Reinsured Policies.
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Modified Coinsurance. Reinsurer agrees to accept, and it does accept as of the Effective Date, cession of the Reinsured ContractsPolicies, and to assume, and it does assume, assume on a modified coinsurance basis, all Separate Account obligations and liability as may be related it relates to express, express written contractual liability insured under the Reinsured Contracts Policies and provided under the Related Agreements after such datedate (the "Modified Coinsurance Reserve"); and (b) all rights and responsibilities of the Ceding Company under the Novated Reinsurance to the extent applicable to the Reinsured Policies.
Appears in 1 contract
Samples: Service Agreement (Metlife of Ct Fund Ul Iii for Variable Life Insurance)
Modified Coinsurance. Reinsurer agrees to accept, and it does accept as of the Effective Date, cession of the Reinsured Contracts, and to assume, and it does assume, assume on a modified coinsurance basis, all Separate Account obligations and liability as may be related it relates to express, express written contractual liability insured under the Reinsured Contracts and provided under the Related Agreements after such datedate (the "Modified Coinsurance Reserve"); and (b) all rights and responsibilities of the Ceding Company under the Novated Reinsurance to the extent applicable to the Reinsured Contracts.
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Modified Coinsurance. Reinsurer agrees to accept, and it does accept as of the Effective Date, cession of the Reinsured Contracts, and to assume, and it does assume, assume on a modified coinsurance basis, all Separate Account obligations and liability as may be related it relates to express, express written contractual liability insured under the Reinsured Contracts and provided under the Related Agreements after such datedate (the “Modified Coinsurance Reserve”); and (b) all rights and responsibilities of the Ceding Company under the Novated Reinsurance to the extent applicable to the Reinsured Contracts.
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