Reinstatements. If a Policy that was reduced, terminated, or lapsed is reinstated in a Permitted Transaction, the reinsurance for such Policy under this Agreement will be reinstated automatically to the amount that would have been in force if the Policy had not been reduced, terminated or lapsed.
Appears in 8 contracts
Sources: Indemnity Reinsurance Agreement (Universal American Corp.), Indemnity Reinsurance Agreement (Universal American Corp.), Indemnity Reinsurance Agreement (Universal American Corp.)
Reinstatements. If a Policy that was reduced, terminated, or lapsed lapsed, is reinstated in a Permitted Transactionreinstated, the reinsurance for such Policy under this Agreement will be reinstated automatically to the amount that would have been in force if the Policy had not been reduced, terminated terminated, or lapsed.
Appears in 3 contracts
Sources: Reinsurance and Asset Purchase Agreement (HealthMarkets, Inc.), Coinsurance Reinsurance Agreement (Citizens Inc), Coinsurance Reinsurance Agreement (Citizens Inc)
Reinstatements. If a Policy policy reinsured hereunder that was reduced, terminated, or lapsed lapsed, is reinstated in a Permitted Transactionreinstated, the reinsurance for such Policy policy under this Agreement will be reinstated automatically to the amount that would have been in force if the Policy policy had not been reduced, terminated terminated, or lapsed.
Appears in 3 contracts
Sources: Reinsurance Agreement (Acap Corp), Reinsurance Agreement (Acap Corp), Reinsurance Agreement (Acap Corp)
Reinstatements. If a Coinsured Policy that was reduced, terminated, or lapsed lapsed, is reinstated in a Permitted Transactionreinstated, the reinsurance for such Coinsured Policy under this Agreement will be reinstated automatically to the amount that would have been in force if the Coinsured Policy had not been reduced, terminated terminated, or lapsed.
Appears in 2 contracts
Sources: Coinsurance Reinsurance Agreement (Citizens Inc), Coinsurance Reinsurance Agreement (Citizens Inc)
Reinstatements. If a Policy policy reinsured hereunder that was reduced, -------------- terminated, or lapsed lapsed, is reinstated in pursuant to a Permitted Transactioncontractual right of the policyholder, the reinsurance Reinsurance for such Policy policy under this Agreement will agreement shall be reinstated automatically to the amount that would have been in force if the Policy policy had not been reduced, terminated or lapsed.
Appears in 1 contract
Sources: Coinsurance and Servicing Agreement (Torchmark Corp)
Reinstatements. If a Policy that was reduced, terminated, or lapsed is reinstated in a Permitted Transactionreinstated, the reinsurance for such Policy under this Agreement will be reinstated automatically to the amount that would have been in force if the Policy had not been reduced, terminated terminated, or lapsed.
Appears in 1 contract