Common use of Recapture of Payments Clause in Contracts

Recapture of Payments. This Guaranty shall not be discharged by any payment made by Integrity Life to a policyholder where, because of the insolvency of Integrity Life, such payment is returned to Integrity Life as a result of legal proceedings brought by the rehabilitator of Integrity Life.

Appears in 2 contracts

Samples: Guaranty (Separate Account Vul of Integrity Life Insurance Co), Guaranty (Separate Account Ii of Integrity Life Insurance Co)

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Recapture of Payments. This Guaranty shall not be discharged by any payment made by National Integrity Life to a policyholder where, because of the insolvency of National Integrity Life, such payment is returned to National Integrity Life as a result of legal proceedings brought by the rehabilitator of National Integrity Life.

Appears in 2 contracts

Samples: Guaranty (Separate Account I of National Integrity Life Ins Co), Guaranty (Separate Account Ii of National Integrity Life Insurance Co)

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