Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 14 contracts
Samples: Reinsurance Agreement (Riversource of New York Account 8), Reinsurance Agreement (Riversource of New York Account 8), Reinsurance Agreement (Riversource Variable Life Separate Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer THE REINSURER or the Ceding Company THE COMPANY with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 10 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 8 contracts
Samples: Reinsurance Agreement (American National Variable Life Separate Account), Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset offset, and only the balance will be allowed or paidpaid provided the party that seeks to avail itself of this right of offset is not in breach of any provision of this Agreement. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 5 contracts
Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Nationwide VLI Separate Account-7), Reinsurance Agreement (Farmers Variable Life Separate Account A)
Offset. 15.1 14.1 Any debts or credits, in favor of or against either the Reinsurer MARC or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 4 contracts
Samples: Automatic Yrt Second Excess Reinsurance Agreement (First Trinity Financial CORP), Reinsurance Agreement (Symetra Separate Account Sl), Automatic Yrt Reinsurance Agreement (Jackson National Separate Account Iv)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDSL-NY Succession Select Treaty
Appears in 4 contracts
Samples: Automatic Yrt Reinsurance Agreement (Ids Life of New York Account 8), Reinsurance Agreement (Ids Life of New York Account 8), Automatic Yrt Reinsurance Agreement (Ids Life of New York Account 8)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDSL-NY VUL4/LP Select Treaty 25
Appears in 3 contracts
Samples: Reinsurance Agreement (Ids Life of New York Account 8), Reinsurance Agreement (Ids Life of New York Account 8), Reinsurance Agreement (Ids Life of New York Account 8)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDSL VUL4/LP Select Treaty 25
Appears in 2 contracts
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life Variable Life Separate Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDS Succession Select Treaty
Appears in 1 contract
Samples: Automatic Yrt Reinsurance Agreement (Ids Life Variable Life Separate Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer REINSURER or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Reinsurance Agreement (National Variable Life Insurance Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the partiesAgreement, are deemed mutual debts or credits and will may be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDSL - [redacted] VUL IV Plus/VUL IV Plus-ES Doc# 2080257 26
Appears in 1 contract
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDSL - [redacted] 26 VUL IV Plus/VUL IV Plus-ES Doc#2081405
Appears in 1 contract
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this is Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Offset. 15.1 Any undisputed debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. (460, C01) 10000-00-00 24 12/14/2017
Appears in 1 contract
Samples: Reinsurance Agreement (Penn Mutual Variable Life Account I)
Offset. 15.1 Any undisputed debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. (B17) 00000-00-00 Final 22 3/12/2017
Appears in 1 contract
Samples: Reinsurance Agreement (Allstate Life of N Y Var Life Sep Acct A)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDSL - [redacted] 27 VUL IV Plus/VUL IV Plus-ES Doc# 2081398
Appears in 1 contract
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDSL VUL4/LP Select Treaty 24
Appears in 1 contract
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account)
Offset. 15.1 Any debts debt or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset offset, and only the balance will be allowed or paidpaid provided the party that seeks to avail itself of this right of offset is not in breach of any provision of this Agreement. The right of offset will is not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Reinsurance Agreement (Farmers Variable Life Separate Account A)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Reinsurance Agreement (Riversource Variable Life Separate Account)
Offset. 15.1 Any undisputed debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Reinsurance Agreement (Thrivent Variable Life Account I)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.. IDSL VUL4 / LP Select Treaty 25
Appears in 1 contract
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account)
Offset. 15.1 Any undisputed debts or credits, in favor of or against either the Reinsurer or the Ceding Company with respect to this Agreement or any other reinsurance [REDACTED] agreement between the parties, are deemed mutual debts or credits and will may be offset offset, and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Reinsurance Agreement (Symetra Separate Account Sl)
Offset. 15.1 Any debts or credits, in favor of or against either the Reinsurer XXXX or the Ceding Company with respect to this Agreement or any other reinsurance agreement between the parties, are deemed mutual debts or credits and will may be offset and only the balance will be allowed or paid. The right of offset will not be affected or diminished because of the insolvency of either party.
Appears in 1 contract
Samples: Automatic Yrt Reinsurance Agreement (National Variable Life Insurance Account)
