Reinstatements. If an annuity reinsured hereunder is surrendered or annuitized, and is subsequently reinstated while this Agreement is in force, the reinsurance for such annuity will be reinstated automatically. The Ceding Company will pay the Reinsurer the Reinsurer's proportionate share of all amounts received by the Ceding Company in connection with the reinstatement of the annuity, plus any amounts previously refunded to the Ceding Company by the Reinsurer in connection with the lapse of the annuity.
Appears in 5 contracts
Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Ten), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Reinstatements. If an annuity reinsured hereunder is surrendered or annuitized, and is subsequently reinstated while this Agreement is in force, the reinsurance for such annuity will be reinstated automatically. The Ceding Company will pay the Reinsurer the Reinsurer's proportionate share of all amounts received by the Ceding Company in connection with the reinstatement of the annuity, annuity plus any amounts previously refunded to the Ceding Company by the Reinsurer in connection with the lapse of the annuity.
Appears in 2 contracts
Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A), Reinsurance Agreement (North American Security Life Insurance Co)
Reinstatements. If an annuity reinsured hereunder is surrendered surrendered, reduced, lapsed or annuitized, and is subsequently reinstated while this Agreement is in force, the reinsurance for such annuity will be reinstated automatically. The Ceding Company will pay the Reinsurer the Reinsurer's proportionate share of all amounts received by the Ceding Company in connection with the reinstatement of the annuity, plus any amounts previously refunded paid to the Ceding Company by the Reinsurer in connection with the surrender, reduction, lapse or annuitization of the annuity.
Appears in 2 contracts
Samples: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Reinstatements. If an annuity reinsured hereunder lapses, is surrendered or annuitized, annuitized and is subsequently reinstated while this Agreement is in force, the reinsurance for such annuity will be reinstated automatically. The Ceding Company will pay the Reinsurer the Reinsurer's proportionate share of all amounts received by the Ceding Company in connection with the reinstatement of the annuity, plus any amounts previously refunded to the Ceding Company by the Reinsurer in connection with the lapse of the annuity.
Appears in 1 contract
Samples: Reinsurance Agreement (Liberty Financial Companies Inc /Ma/)
