PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 7 contracts
Samples: Reinsurance Agreement (Ids Life of New York Account 8), Reinsurance Agreement (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life Variable Life Separate Account)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER the Reinsurer on the same basis as CEDING COMPANY the Ceding Company charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 4 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Yearly Renewable Term Reinsurance Agreement (Carillon Life Account), Reinsurance Agreement (Mony America Variable Account L)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed lapse will be paid to REINSURER the Reinsurer on the same basis as CEDING COMPANY the Ceding Company charged its policy owner policyholder for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
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)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER REINSURER. is not responsible for claims, under Section 14 of this Agreement, that occur when the policy is lapsed.
Appears in 1 contract
Samples: Automatic and Facultative Reinsurance Agreement (Ids Life Variable Life Separate Account)
PREMIUM ADJUSTMENT. The reinsurance premiums for the interval during which the policy was lapsed will be paid to REINSURER on the same basis as CEDING COMPANY charged its policy owner for the reinstatement. However, REINSURER is not responsible for claims, under Section 14 of this Agreement, ; that occur when the policy is lapsed.
Appears in 1 contract
Samples: Reinsurance Agreement (Ids Life of New York Account 8)
