Reduction and Terminations. If any Contract is terminated, or an individual’s benefits under the underlying group contract associated with the Contracts reinsured under this Agreement are terminated by payment of a death benefit, surrender or annuitization, the reinsurance with respect to that Contract will be terminated (subject to any party’s right to payment under this Agreement with respect to such terminated Contract).
Appears in 5 contracts
Samples: Automatic Coinsurance Agreement (Priac Variable Contract Account A), Automatic Coinsurance Agreement (Priac Variable Contract Account A), Automatic Coinsurance Agreement (Priac Variable Contract Account A)
