Common use of Termination Because of Non-Payment of Premium Clause in Contracts

Termination Because of Non-Payment of Premium. If reinsurance premiums are delinquent, the Reinsurer has the right to terminate the reinsurance risks on the monthly statement by giving the Ceding Company ninety days' advance written notice. If the delinquent premiums have not been paid as of the close of the ninety-day period, the Reinsurer's liability will terminate for:

Appears in 7 contracts

Samples: Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Automatic Yearly Renewable Term (Hartford Life & Annuity Insurance Co Sep Account Vl I)

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Termination Because of Non-Payment of Premium. If undisputed reinsurance premiums are delinquent, the Reinsurer has the right to terminate the reinsurance risks on those policies listed on the delinquent monthly statement by giving the Ceding Company (90) ninety days' advance written notice. If the delinquent premiums have not been paid as of the close of the (90) ninety-day period, the Reinsurer's liability will terminate for:for the risks described in the delinquency notice. Regardless of the termination, the Ceding Company will continue to be liable to the Reinsurer for all unpaid reinsurance premiums earned up to the date of termination.

Appears in 6 contracts

Samples: Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement Effective December (Hartford Life Insurance Co Separate Account Vl Ii)

Termination Because of Non-Payment of Premium. If When reinsurance premiums are delinquent, the Reinsurer has you have the right to terminate the reinsurance risks on the monthly statement by giving the Ceding Company us ninety days' advance (90) days written notice. If the delinquent premiums have not been paid as As of the close of the ninety-this ninety (90) day period, the Reinsurer's all of your liability will terminate for:for the risks described in the preceding sentence. Regardless of these terminations, we will continue to be liable to you for all unpaid reinsurance premiums earned by you.

Appears in 4 contracts

Samples: Reinsurance Agreement (Separate Account Vul 2 of Transamerica Occidental Life Ins), Reinsurance Agreement (Separate Account Vul 4 of Transamer Occidental Life Ins Co), Reinsurance Agreement (Separate Acct Vul 5 of Transamerica Occidental Life Ins Co)

Termination Because of Non-Payment of Premium. If a) When reinsurance premiums are delinquent, the Reinsurer has the right to terminate the reinsurance risks on the monthly statement by giving the Ceding Company ninety Reinsured thirty (30) days' advance written notice. If the delinquent premiums have not been paid as As of the close of the ninetythis thirty-day period, all of the Reinsurer's ’s liability will shall terminate for:

Appears in 4 contracts

Samples: www.sec.gov, Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP), Coinsurance Funds Withheld Reinsurance Agreement (Symetra Financial CORP)

Termination Because of Non-Payment of Premium. If When reinsurance premiums are delinquentdeliquent, the Reinsurer has we have the right to terminate the reinsurance risks on the monthly statement statement, by giving the Ceding Company ninety days' advance you thirty days written notice. If the delinquent premiums have not been paid as As of the close of the ninetythis thirty-day period, the Reinsurer's all of our liability will terminate for:

Appears in 3 contracts

Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

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Termination Because of Non-Payment of Premium. If When reinsurance premiums are delinquent, the Reinsurer has we have the right to terminate the reinsurance risks on the monthly statement by giving the Ceding Company ninety you thirty days' advance written notice. If the delinquent premiums have not been paid as As of the close of the ninetythis thirty-day period, the Reinsurer's all of our liability will terminate for:

Appears in 2 contracts

Samples: Automatic Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co), Automatic Reinsurance Agreement (JPF Separate Account a of Jefferson Pilot Financial Ins Co)

Termination Because of Non-Payment of Premium. If When reinsurance premiums are delinquent, the Reinsurer has we have the right to terminate the reinsurance risks on the monthly statement by giving the Ceding Company ninety you thirty (30) days' advance written notice. If the delinquent premiums have not been paid as As of the close of the ninety-this thirty (30) day period, the Reinsurer's all of our liability will terminate for:

Appears in 1 contract

Samples: Reinsurance Agreement (North American Security Life Insurance Co)

Termination Because of Non-Payment of Premium. If When reinsurance premiums are delinquent, the Reinsurer has shall have the right to terminate the reinsurance risks on the monthly statement by giving the Ceding Company ninety days' advance Reinsured thirty (30) days written notice. If the delinquent premiums have not been paid as As of the close of the ninetythis thirty-day period, all of the Reinsurer's ’s liability will terminate for:

Appears in 1 contract

Samples: Annuity Reinsurance Agreement (Kilico Variable Annuity Separate Account)

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