Common use of Multiple Reinsurers Clause in Contracts

Multiple Reinsurers. If a risk is shared by more than one reinsurer, the Reinsurer's percentage of any increased or reduced reinsurance will be the same as its initial percentage of the reinsurance for that risk.

Appears in 20 contracts

Samples: Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I)

AutoNDA by SimpleDocs

Multiple Reinsurers. If a risk is shared by more than one reinsurerReinsurer, the Reinsurer's percentage of any increased or reduced reinsurance will be the same as its initial percentage of the reinsurance for that risk.

Appears in 10 contracts

Samples: Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I)

Multiple Reinsurers. If reinsurance of a risk is shared by more than one reinsurer, the Reinsurer's percentage of any increased or reduced reinsurance will be the same as its initial percentage of the reinsurance for that riskrisk unless specified otherwise in Schedule B or agreed upon by the Reinsurer.

Appears in 10 contracts

Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Automatic and Facultative Monthly Renewable Term Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Reinsurance Agreement (Separate Account Vl I of Hartford Life Insurance Co)

Multiple Reinsurers. If a risk is shared by more than one reinsurer, the Reinsurer's percentage of any increased or reduced reinsurance will be the same as its initial percentage of the reinsurance for that risk.

Appears in 4 contracts

Samples: Reinsurance Agreement (Itt Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Hartford Life Insurance Co), Reinsurance Agreement (Itt Hartford Life & Annuity Insurance Co Separate Acct Vl Ii)

AutoNDA by SimpleDocs

Multiple Reinsurers. If a risk is shared by more than one reinsurerReinsurer, the Reinsurer's percentage of any 8 increased or reduced reinsurance will be the same as its initial percentage of the reinsurance for that risk.

Appears in 2 contracts

Samples: Reinsurance Agreement (Separate Account Vl I of Hartford Life Insurance Co), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!