Common use of Reinstatement of a Delinquent Statement Clause in Contracts

Reinstatement of a Delinquent Statement. You may reinstate the terminated risks within sixty days after the effective date of termination by paying the unpaid reinsurance premiums for the risks in force prior to the termination. However, we will not be liable for any claim incurred between the date of termination and reinstatement. The effective date of reinstatement will be the day we receive the required back premiums.

Appears in 6 contracts

Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

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Reinstatement of a Delinquent Statement. You We may reinstate the terminated risks within sixty (60) days after the effective date of termination by paying the unpaid reinsurance premiums for the risks in force prior to the termination. However, we will not be liable for any claim incurred between the date of termination and reinstatement. The effective date of reinstatement will be the day we receive date the required back premiumspremiums are received.

Appears in 4 contracts

Samples: Reinsurance Agreement (Separate Account Vul 2 of Transamerica Occidental Life Ins), Reinsurance Agreement (Sep Acct Vul-6 of Transamerica Occidental Life Insurance Co), Reinsurance Agreement (Separate Account Vul 4 of Transamer Occidental Life Ins Co)

Reinstatement of a Delinquent Statement. You The Reinsured may reinstate the terminated risks within sixty (60) days after the effective date of termination by paying the unpaid reinsurance premiums for the risks in force prior to the termination. However, we will not be liable for any claim incurred between the date of termination and reinstatement. The effective date of reinstatement will shall be the day we receive the Reinsured notifies the Reinsurer of its intention to pay all of the required back premiums.

Appears in 3 contracts

Samples: Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP), Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP), Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP)

Reinstatement of a Delinquent Statement. You The Reinsured may reinstate the terminated risks policies within sixty (60) days after the effective date of termination by paying the unpaid reinsurance premiums for the risks policies in force prior to the termination. However, we the Reinsurer will not be liable for any claim incurred between the date of termination and the date of reinstatement. The effective date of reinstatement will be the day we receive the Reinsurer receives the required back premiums.

Appears in 2 contracts

Samples: Annuity Reinsurance Agreement (ALAC Separate Account 1), Il Annuity & Insurance Co Separate Account 1

Reinstatement of a Delinquent Statement. You The Reinsured may reinstate the terminated risks within sixty (60) days after the effective date of termination by paying the unpaid reinsurance premiums for the risks in force prior to the termination. However, we will not be liable for any claim incurred between the date of termination and reinstatement. The effective date of reinstatement will shall be the day we receive the Reinsured notifies the Reinsurer of its intention to pay all of the required back premiums.. 6.06

Appears in 1 contract

Samples: www.sec.gov

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Reinstatement of a Delinquent Statement. You may reinstate the terminated risks within sixty (60) days after the effective date of termination by paying the unpaid reinsurance premiums for the risks in force prior to the termination. However, we will not be liable for any claim incurred between the date of termination and reinstatement. The effective date of reinstatement will be the day we receive the required back premiums.

Appears in 1 contract

Samples: Reinsurance Agreement (North American Security Life Insurance Co)

Reinstatement of a Delinquent Statement. You may reinstate the terminated risks within sixty (60) days after the effective date of termination by paying the unpaid reinsurance premiums Reinsurance Premiums for the risks in force prior to the termination. However, we will not be liable for any claim incurred between the date of termination and reinstatement. The effective date of reinstatement will be the day we receive the required back premiumsReinsurance Premiums.

Appears in 1 contract

Samples: Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)

Reinstatement of a Delinquent Statement. You The Reinsured may reinstate the terminated risks within sixty (60) days after the effective date of termination by paying the unpaid reinsurance premiums for the risks in force prior to the termination. However, we the Reinsurer will not be liable for any claim incurred between the date of termination and the date of reinstatement. The effective date of reinstatement will be the day we receive the Reinsurer receives the required back premiums.

Appears in 1 contract

Samples: Annuity Reinsurance Agreement (Kilico Variable Annuity Separate Account)

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