Common use of Reinsurance Liability Clause in Contracts

Reinsurance Liability. Reinsurance liability shall include indemnification of the Ceding Company by Allianz Life for amounts attributable to the Ceding Company’s percentage of (a) the contractual benefit on a policy reinsured under this agreement; and (b) any unusual expenses incurred by or reimbursed by the Ceding Company, arising from the defense or investigation of a claim for liability on a policy reinsured under this agreement or from the taking up or rescinding of such a policy. In no event shall the following be items of reinsurance liability:

Appears in 1 contract

Samples: Non Refund Agreement (Union Security Insurance Co Variable Account C)

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Reinsurance Liability. Reinsurance liability shall include indemnification of the Ceding Company by Allianz Life for amounts attributable to the Ceding Company’s 's percentage share of (a) the contractual benefit on a policy reinsured under this agreementAgreement; and (b) any unusual expenses incurred by or reimbursed by the Ceding Company, Company arising from the defense or investigation of a claim for liability on a policy reinsured under this agreement Agreement or from the taking up or rescinding of such a policy. In no event shall the following be items of reinsurance liability:

Appears in 1 contract

Samples: Automatic Bulk Yrt Non Refund Agreement (Mony America Variable Account L)

Reinsurance Liability. Reinsurance liability shall include indemnification of the Ceding Company by Allianz Life for amounts attributable to the Ceding Company’s 's percentage of (a) the contractual benefit on a policy reinsured under this agreement; and (b) any unusual expenses incurred by or reimbursed by the Ceding Company, arising from the defense or investigation of a claim for liability on a policy reinsured under this agreement or from the taking up or rescinding of such a policy. In no event shall the following be items of reinsurance liability:

Appears in 1 contract

Samples: Refund Agreement (Security Equity Life Insurance Co Separate Account 13)

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Reinsurance Liability. Reinsurance liability shall include indemnification of the Ceding Company by Allianz Life for amounts attributable to the Ceding Company’s 's percentage share of (a) the contractual benefit on a policy reinsured under this agreement; and (b) any unusual expenses incurred by or reimbursed by the Ceding Company, arising from the defense or investigation of a claim for liability on a policy reinsured under this agreement or from the taking up or rescinding of such a policy. In no event shall the following be items of reinsurance liability:.

Appears in 1 contract

Samples: Automatic Reinsurance Agreement (Thrivent Variable Life Account 1)

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