Reduction and Terminations. If any LT5WB rider is terminated or any of the underlying contracts associated with the LT5WB riders 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 rider.
Appears in 3 contracts
Samples: Automatic Coinsurance Agreement (Pruco Life Flexible Premium Variable Annuity Account), American Skandia Life Assur Corp Var Acct B Cl 1 Sub Accts, Pruco Life Inurance Co of New Jersey FLXBL Prmium Var Ann Ac
Reduction and Terminations. If any LT5WB rider is terminated or any of the underlying contracts associated with the LT5WB riders rider 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 rider.
Appears in 1 contract
Samples: American Skandia Life Assur Corp Var Acct B Cl 1 Sub Accts
