Settlement. If the Reinsurance Benefits for the Accounting Period is a positive amount, the Reinsurer shall owe such amount to the Ceding Company. If the Reinsurance Benefits for the Accounting Period is a negative amount, the Ceding Company shall owe the absolute value of such amount to the Reinsurer. Settlement shall be made in accordance with Section 11.03.
Appears in 26 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Seven)
Settlement. If the Reinsurance Benefits Consideration for the Accounting Period is a positive amount, the Reinsurer Ceding Company shall owe such amount to the Ceding CompanyReinsurer. If the Reinsurance Benefits Consideration for the Accounting Period is a negative amount, the Ceding Company Reinsurer shall owe the absolute value of such amount to the ReinsurerCeding Company. Settlement shall be made in accordance with Section 11.03.
Appears in 26 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Ten), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven)
Settlement. If the Reinsurance Benefits Expense Allowance for the Accounting Period is a positive amount, the Reinsurer shall owe such amount to the Ceding Company. If the Reinsurance Benefits Expense Allowance for the Accounting Period is a negative amount, the Ceding Company shall owe the absolute value of such amount to the Reinsurer. Settlement shall be made in accordance with Section 11.03.
Appears in 26 contracts
Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two), Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two), Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven)
