Common use of Non-Payment of Premiums Clause in Contracts

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit F, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Company 15 days written notice of its intention to terminate said reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the 15 day period, are not paid before the expiration of said period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. This right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the 15 days notice. The Company is still obligated to pay such overdue premiums. The Company will not force termination under the provisions of this Article solely to avoid the recapture requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, a termination settlement will be made according to the terms specified in the Business Transfer Events provision of Exhibit C-1. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums and interest for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurerparty.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit F, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Company 15 days written notice of its intention to terminate said reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the 15 day period, are not paid before the expiration of said period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. This right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the 15 days notice. The Company is still obligated to pay such overdue premiums, plus interest to the date of payment. The Company will not force termination under the provisions of this Article solely to avoid the recapture requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums and interest for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.party. 196474US-08 ml 20070727 (ODB#I02020US-08) 5

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance rei nsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit C, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.party. I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit C, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurerparty.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance rei nsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit C, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.party. I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx)

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days' prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer' s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer's right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit C, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement's requirements of this Agreement or to transfer the Reinsured Policies to another reinsurerparty.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit B, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurerparty.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit B, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.party. 1414665US-12 (06-01-2012) QT#03792US11

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit C, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.party. 12107058US-19101-01-20191 (QT17345US1Bl

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days' prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer's obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer's right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit C, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement's requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.party. I453238US-13 (04-01-2013) (QT06269US13)

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums premiums, and applicable interest as specified in Exhibit C, for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.party. A5-166817US-05 (06-01-2009) ODB# 103515US-09

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days’ prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer’s obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer’s right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums and interest for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement’s requirements of this Agreement or to transfer the Reinsured Policies to another reinsurerparty.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company 15 days at least 125 days' prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration of said the notice period, the Reinsurer Reinsurers obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid for each policyReinsured Policy. This The Reinsurer's right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums and interest for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement's requirements of this Agreement or to transfer the Reinsured Policies to another reinsurerparty.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within 60 sixty (60) days of the Due Date stated in Exhibit F, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Company 15 fifteen (15) days written notice of its intention to terminate said reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the 15 fifteen (15) day period, are not paid before the expiration of said period, the Reinsurer will be relieved of all liability under those policies and the Fixed Account Guarantee as of the last date for which premiums have been paid for each policy. This right to terminate reinsurance will not prejudice the Reinsurer's right to collect premiums for the period during which reinsurance was in force prior to the expiration of the 15 fifteen (15) days notice. The Company is still obligated to pay such overdue premiums, plus interest to the date of payment. The Company will not force termination under the provisions of this Article solely to avoid the recapture requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days' prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer's obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This If reinsurance is terminated according to this Article, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. The Reinsurer's right to terminate reinsurance will not prejudice the Reinsurer's its right to collect premiums and interest for the period during which reinsurance was in force prior to the expiration of force, through and including the 15 days noticeday notice period. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement's requirements of this Agreement or to transfer the Reinsured Policies to another reinsurerparty.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within 60 90 days of the Due Date stated in Exhibit F, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Company 15 days written notice of its intention to terminate said reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the 15 day period, are not paid before the expiration of said period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. This right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the 15 days notice. The Company is still obligated to pay such overdue premiums, plus interest to the date of payment. The Company will not force termination under the provisions of this Article solely to avoid the recapture requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered provided by this Agreement. In the event that If reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit Fdue date, the Reinsurer will have the right to may terminate the reinsurance under for all policies Reinsured Policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of terminationterminate any Reinsured Policies after such 60 day period, it will then give the Company at least 15 days days' prior written notice of its intention to terminate said such reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the such 15 day notice period, are not paid before the expiration end of said the notice period, the Reinsurer Reinsurer's obligations for those Reinsured Policies will be relieved of all liability under those policies as of limited to obligations relating to events arising on or before the last date for which reinsurance premiums have been paid in full for each policyReinsured Policy. This right If reinsurance is terminated according to terminate reinsurance this Article, unearned premiums, net of outstanding balances, will not prejudice be paid by the Reinsurer's right to collect premiums for party with the period during which reinsurance was in force prior to the expiration of the 15 days noticepositive balance. The Company is still obligated to pay such overdue premiums. The Company will may not force termination under through the provisions non-payment of this Article solely reinsurance premiums to avoid the recapture Agreement's requirements of this Agreement or to transfer the Reinsured Policies to another reinsurerparty.

Non-Payment of Premiums. The payment of reinsurance premiums is a condition precedent to the liability of the Reinsurer for reinsurance covered by this Agreement. In the event that reinsurance premiums are not paid within 60 days of the Due Date stated in Exhibit F, the Reinsurer will have the right to terminate the reinsurance under all policies having reinsurance premiums in arrears. If the Reinsurer elects to exercise its right of termination, it will give the Company 15 days written notice of its intention to terminate said reinsurance. If all reinsurance premiums in arrears, including any which may become in arrears during the 15 day period, are not paid before the expiration of said period, the Reinsurer will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. This right to terminate reinsurance will not prejudice the Reinsurer's ’s right to collect premiums for the period during which reinsurance was in force prior to the expiration of the 15 days notice. The Company is still obligated to pay such overdue premiums, plus interest to the date of payment. The Company will not force termination under the provisions of this Article solely to avoid the recapture requirements of this Agreement or to transfer the Reinsured Policies to another reinsurer.. 5