Reinsurer’s Liability. A. The Reinsurer's liability for cessions under Article I of this Agreement shall commence simultaneously with that of the Ceding Company. B. The Reinsurer shall have no liability for Policy proceeds paid under the Ceding Company's temporary term insurance agreement ("TIA") unless conditions for automatic cessions under Article I of this Agreement are met. C. The Reinsurer's liability for facultatively accepted cessions shall commence when all of the conditions specified in Article II for facultative acceptances shall have been met.
Appears in 10 contracts
Samples: Automatic and Facultative Yrt Agreement (New England Variable Life Separate Account), Automatic and Facultative Yrt Agreement (Metlife Investors Variable Life Account Five), Automatic and Facultative Yrt Agreement (General American Life Insurance Co Separate Account Eleven)
