RETURN OF REINSURANCE PREMIUM. If a misrepresentation or misstatement on an application or a death of an insured by suicide results in the Ceding Company returning the policy premiums to the policy owner rather than paying the policy benefits, the Reinsurer will refund all of the reinsurance premiums it received on that policy to the Ceding Company, without interest. This refund given by the Reinsurer will be in lieu of all other reinsurance benefits payable on that policy under this Agreement. If there is an adjustment to the policy benefits due to a misrepresentation or misstatement of age or sex, a corresponding adjustment will be made to the reinsurance benefits.
RETURN OF REINSURANCE PREMIUM. If CEDING COMPANY returns the policy premiums to the policy owner rather than pay the policy benefits, REINSURER will refund all of the reinsurance premiums it received on that policy to CEDING COMPANY, without interest. This refund given by REINSURER will be in lieu of all other reinsurance benefits payable on that policy under this Agreement. If there is an adjustment to the policy benefits due to a misrepresentation or misstatement of age or sex, a corresponding adjustment will be made to the reinsurance benefits.
RETURN OF REINSURANCE PREMIUM. 6 f. UNEARNED PREMIUMS............................................. 7 10. PREMIUM TAX REIMBURSEMENT............................................ 7
RETURN OF REINSURANCE PREMIUM. If a misrepresentation or misstatement on an application results in the Ceding Company returning the policy premiums to the policy owner rather than paying the policy benefits, the Reinsurer will refund all of the reinsurance premiums it received on that policy to the Ceding Company, without interest. This refund given by the Reinsurer will be in lieu of all other reinsurance benefits payable on that policy under this Agreement. If there is an adjustment to the policy benefits due to a misrepresentation or misstatement of age or sex, a corresponding adjustment will be made to the reinsurance benefits.
RETURN OF REINSURANCE PREMIUM. If FORTIS BENEFITS returns the policy premiums to the policy owner rather than pay the policy benefits, SECURITY will refund all of the reinsurance premiums it received on that policy to FORTIS BENEFITS, without interest. This refund given by SECURITY will be in lieu of all other reinsurance benefits payable on that policy under this Agreement. If there is an adjustment to the policy benefits due to a misrepresentation or misstatement of age or sex, a corresponding adjustment will be made to the reinsurance benefits.
RETURN OF REINSURANCE PREMIUM. 4 f. UNEARNED REINSURANCE PREMIUMS................................................................. 4 8. PREMIUM TAX REIMBURSEMENT.............................................................................. 4
RETURN OF REINSURANCE PREMIUM. If a misrepresentation on an application of a death of an insured by suicide results in the Ceding Company returning the policy premiums to the policy owner rather than pay the policy benefits, the Reinsurer will refund all of the reinsurance premiums it received on that policy to the Ceding Company, without interest.
RETURN OF REINSURANCE PREMIUM. 10 f. PREMIUM CORRECTION AT TERMINATION...........................10
RETURN OF REINSURANCE PREMIUM. Upon the termination of the Purchase Agreement pursuant to its terms, Zenith shall cause the Trustee to remit to the Insurance Subsidiaries the amount (if any) by which (i) $17 million exceeds (ii) thirty-three percent (33%) of the aggregate direct gross premiums written by both Insurance Subsidiaries on and after the Effective Date with respect to the Insurance Contracts. ARTICLE IV.
