Payments by Reinsurer. Reinsurer hereby agrees that all Reinsured Liabilities shall be payable by Reinsurer on the basis of the liability of the Company under the Reinsured Contracts, without diminution because of the insolvency, liquidation or rehabilitation of the Company or the appointment of a conservator, receiver, liquidator or statutory successor of the Company, directly to the Company or to its conservator, receiver, liquidator or other statutory successor.
Appears in 4 contracts
Samples: Reinsurance Agreement (Separate Account a of Union Security Life Ins Co of New York), Reinsurance Agreement (Variable Account D of Union Security Insurance Co), Reinsurance Agreement (Variable Account D of Fortis Benefits Insurance Co)
Payments by Reinsurer. The Reinsurer hereby agrees that that, as to all Reinsured Liabilities reinsurance made, ceded or otherwise becoming effective hereunder, the reinsurance shall be payable by the Reinsurer on the basis of the liability of the Company under the Reinsured ContractsCoinsured Policies, without diminution because of the insolvency, liquidation or rehabilitation of the Company or the appointment of a conservator, receiver, liquidator or statutory successor of the Company, directly to the Company or to its conservator, receiver, liquidator liquidator, or other statutory successor.
Appears in 3 contracts
Samples: Coinsurance Agreement (Hancock John Financial Services Inc), Coinsurance Agreement (Wellpoint Health Networks Inc /Ca/), Coinsurance Agreement (Wellpoint Health Networks Inc /Ca/)
