OVERPAYMENT OF REINSURANCE PREMIUM. If the Ceding Company overpays a reinsurance premium and the Reinsurer accepts the overpayment, the Reinsurer's acceptance will not constitute nor create a reinsurance liability nor result in any additional reinsurance. Instead, the Reinsurer will be liable to the Ceding Company for a credit in the amount of the overpayment, without interest.
Appears in 9 contracts
Samples: Reinsurance Agreement (Jackson National Separate Account Iv), Reinsurance Agreement (Jnlny Separate Account Iv), Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1)
OVERPAYMENT OF REINSURANCE PREMIUM. If the Ceding Company CEDING COMPANY overpays a reinsurance premium and the Reinsurer REINSURER accepts the overpayment, the ReinsurerREINSURER's acceptance will not constitute nor create a reinsurance liability nor result in any additional reinsurance. Instead, the Reinsurer REINSURER will be liable to the Ceding Company CEDING COMPANY for a credit in the amount of the overpayment, without interest.
Appears in 8 contracts
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account), Automatic and Facultative Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life of New York Account 8)
OVERPAYMENT OF REINSURANCE PREMIUM. If the Ceding Company overpays a reinsurance premium and the Reinsurer accepts the overpayment, the Reinsurer's acceptance will not constitute nor create a reinsurance liability nor result in any additional reinsurance. Instead, the The Reinsurer will be liable to the Ceding Company for a credit in the amount of the overpayment, without interest.
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)
OVERPAYMENT OF REINSURANCE PREMIUM. If the Ceding Company overpays a reinsurance premium and the Reinsurer accepts the overpayment, the Reinsurer's ’s acceptance will not constitute nor create a reinsurance liability nor result in any additional reinsurance. Instead, the Reinsurer will be liable to the Ceding Company for a credit in the amount of the overpayment, without interest.
Appears in 3 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account)
OVERPAYMENT OF REINSURANCE PREMIUM. If the Ceding Company overpays a reinsurance premium Reinsurance Premium and the Reinsurer accepts the overpayment, the Reinsurer's ’s acceptance will not constitute nor create a reinsurance liability nor result in any additional reinsurance. Instead, the Reinsurer will be liable to the Ceding Company for a credit in the amount of the overpayment, without interest.
Appears in 3 contracts
Samples: Reinsurance Agreement (Guardian Separate Account K), Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co)
OVERPAYMENT OF REINSURANCE PREMIUM. If the Ceding Company CEDING COMPANY overpays a reinsurance premium and the Reinsurer REINSURER accepts the overpayment, the Reinsurer's REINSURER'S acceptance will not constitute nor create a reinsurance liability nor result in any additional reinsurance. Instead, the Reinsurer REINSURER will be liable to the Ceding Company CEDING COMPANY for a credit in the amount of the overpayment, without interest.
Appears in 2 contracts
Samples: Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life of New York Account 8)
