Common use of Nonforfeiture Reinsurance Termination Clause in Contracts

Nonforfeiture Reinsurance Termination. If the Ceding Company has been requested to reinstate a policy that was reinsured while on extended term or reduced paid-up then such reinsurance will terminate and either automatic or facultative reinstatement procedures shall be followed.

Appears in 4 contracts

Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

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Nonforfeiture Reinsurance Termination. If the Ceding Company has been requested to reinstate a policy that was reinsured while on extended term or reduced paid-up then such reinsurance will terminate and either automatic or facultative reinstatement procedures shall will be followed.

Appears in 3 contracts

Samples: Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1), Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co), Reinsurance Agreement (Llac Variable Account)

Nonforfeiture Reinsurance Termination. If the Ceding Company CEDING COMPANY has been requested to reinstate a policy that was reinsured while on extended term or reduced paid-up then such reinsurance will terminate and either automatic or facultative reinstatement procedures shall be followed.

Appears in 3 contracts

Samples: Reinsurance Agreement (National Variable Life Insurance Account), Reinsurance Agreement (National Variable Life Insurance Account), Reinsurance Agreement (Life Insurance Separate Account of Usaa Life Insurance Co)

Nonforfeiture Reinsurance Termination. If the Ceding Company has been requested to reinstate a policy that was reinsured while on extended term or reduced paid-up up, then such reinsurance will terminate and either automatic or facultative reinstatement procedures shall will be followed.

Appears in 2 contracts

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

Nonforfeiture Reinsurance Termination. If the Ceding Company has been requested CEDING COMPANY receives a request to reinstate a policy that was reinsured while on "extended term term" or "reduced paid-up up" then such reinsurance will terminate and either automatic or facultative reinstatement procedures shall be followed.

Appears in 1 contract

Samples: Reinsurance Agreement (Bma Variable Life Account A)

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Nonforfeiture Reinsurance Termination. If the Ceding Company has been requested to reinstate a policy that was reinsured while on extended term or reduced paid-up then such reinsurance will terminate and either automatic or facultative reinstatement procedures shall will be followed.. 0020-2136 YRT (02092001)

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (Carillon Life Account)

Nonforfeiture Reinsurance Termination. If the Ceding Company CEDING COMPANY has been requested to reinstate a policy that was reinsured while on extended term or reduced paid-up then such reinsurance will terminate and either automatic or facultative reinstatement procedures shall be followed.

Appears in 1 contract

Samples: Reinsurance Agreement (Llac Variable Account)

Nonforfeiture Reinsurance Termination. If the Ceding Company has been requested to reinstate a policy that was reinsured while on extended term or reduced paid-up, then the extended term or reduced paid up then such reinsurance will terminate and either automatic or facultative reinstatement procedures shall will be followed.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account)

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