Reinstatements. If a contract reinsured hereunder that was reduced, terminated, or lapsed, and is subsequently reinstated, the reinsurance for such contract under this Agreement will be reinstated automatically to the amount that would be in force if the contract had not been reduced, terminated, or lapsed. The Company will pay to the Reinsurer the Reinsurer’s proportionate share of all amounts collected from, or charged to, the insured.
Appears in 3 contracts
Samples: Trust Agreement (Security National Financial Corp), Reinsurance Agreement (Midwest Holding Inc.), Custodial Agreement (Security National Financial Corp)
Reinstatements. If a contract reinsured hereunder that was reduced, terminated, or lapsed, and is subsequently reinstated, the reinsurance for such contract under this Agreement will be reinstated automatically to the amount that would be in force if the contract had not been reduced, terminated, or lapsed. The Company will pay to the Reinsurer the Reinsurer’s 's proportionate share of all amounts collected from, or charged to, the insured.
Appears in 2 contracts
Samples: Portfolio Indemnity Reinsurance Agreement (Standard Management Corp), Mony Group Inc
Reinstatements. If a contract reinsured hereunder that was reduced, terminated, or lapsed, and is subsequently reinstated, the reinsurance for such contract under this Agreement will be reinstated automatically to the amount that would be in force if the contract had not been reduced, terminated, or lapsed. The Company will pay to the Reinsurer the Reinsurer’s 's proportionate share of all amounts collected from, or charged to, the insured.
Appears in 2 contracts
Samples: Reinsurance Agreement (Security National Financial Corp), Reinsurance Agreement (Security National Financial Corp)
