OVERSIGHTS AND CLERICAL ERRORS. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions they would have occupied had no such oversight, misunderstanding or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.
Appears in 3 contracts
Samples: Reinsurance Agreement (Ameritas Variable Separate Account Va-2), Automatic Reinsurance Agreement (Manufacturers Life Insurance Co Usa Separate Account H), Reinsurance Agreement (Manufacturers Life Insurance Co Usa Separate Account H)
OVERSIGHTS AND CLERICAL ERRORS. Should either the CEDING COMPANY or the REINSURER fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the CEDING COMPANY or the REINSURER, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the positions they would have occupied had no such oversight, misunderstanding or clerical error occurred. Such conditions are to be reported promptly after discovery and corrected promptly after discoverywithin an agreed upon time frame.
Appears in 2 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Automatic Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two)
