Oversights - Clerical Errors. 1. Should either the Company or Swiss Re America 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 Company or Swiss Re America, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the position 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 2 contracts
Samples: Automatic Reinsurance Agreement (Separate Account a of Union Security Life Ins Co of New York), Automatic Reinsurance Agreement (Variable Account D of Union Security Insurance Co)
Oversights - Clerical Errors. 1. I. Should either the Company or Swiss Re America 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 Company or Swiss Re America, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the position they would have occupied had no such oversight, misunderstanding, or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.. SWISS RE AMERICA
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Metlife of Ct Separate Account Eleven for Variable Annuities)
Oversights - Clerical Errors. 1. l. Should either the Company or Swiss Re America 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 Company or Swiss Re America, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the position they would have occupied had no such oversight, misunderstanding, or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.. Mortality Net Amount At Risk
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Nasl Variable Account)
Oversights - Clerical Errors. 1. Should either the Company or Swiss Re America 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 Company or Swiss Re America, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the position 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 1 contract
Samples: Automatic Reinsurance Agreement (Variable Account B American Intl Life Assur Co of New York)
