RIGHT TO OFFSET BALANCES DUE. The CEDING COMPANY and the REINSURER shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assignees, against balances due to the other party under this Agreement provided such amounts are not in dispute in accordance with Article VI. This right of offset shall not be affected or diminished because of the insolvency of either party to this Agreement. Hartford Life, Agreement No. 2000-24NYDB Effective May 8, 2000
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two), Automatic Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two)
RIGHT TO OFFSET BALANCES DUE. The CEDING COMPANY and the REINSURER shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assignees, against balances due to the other party under this Agreement provided such amounts are not in dispute in accordance with Article VI. This right of offset shall not be affected or diminished because of the insolvency of either party to this Agreement. Hartford Life, Agreement No. 2000-24NYDB 25-DB Effective May 8October 1, 2000
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Hartford Life & Annuity Insurance Co Separate Account Seven)
RIGHT TO OFFSET BALANCES DUE. The CEDING COMPANY and the REINSURER shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assignees, against balances due to the other party under this Agreement provided such amounts are not in dispute in accordance with Article VI. This right of offset shall not be affected or diminished because of the insolvency of either party to this Agreement. Hartford LifeLife and Annuity, Agreement No. 2000-24NYDB 24DB Effective May 8, 2000
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Hartford Life & Annuity Insurance Co Separate Account One)
RIGHT TO OFFSET BALANCES DUE. The CEDING COMPANY and the REINSURER shall have, and may exercise at any time, the right to offset any balance or balances due one party to the other, its successors or assignees, against balances due to the other party under this Agreement provided such amounts are not in dispute in accordance with Article VI. This right of offset shall not be affected or diminished because of the insolvency of either party to this Agreement. Hartford Life, Agreement No. 2000-24NYDB 12-DB Effective May 8March 13, 2000
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Hartford Life & Annuity Insurance Co Separate Account Seven)
