Termination Because of Non-Payment of Premium. When reinsurance premiums are delinquent, you have the right to terminate the reinsurance risks on the statement by giving us ninety (90) days written notice. As of the close of this ninety (90) day period, all of your liability will terminate 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 (Sep Acct Vul-6 of Transamerica Occidental Life Insurance Co), Reinsurance Agreement (Separate Account Vul 4 of Transamer Occidental Life Ins Co)
Termination Because of Non-Payment of Premium. When reinsurance premiums are delinquentdeliquent, you we have the right to terminate the reinsurance risks on the statement statement, by giving us ninety (90) you thirty days written notice. As of the close of this ninety (90) thirty-day period, all of your our liability will terminate for the for:
A. The risks described in the preceding sentencesentence and
B. The risks where the reinsurance premiums became delinquent during the thirty-day period. Regardless of these terminations, we you will continue to be liable to you us for all unpaid reinsurance premiums earned by youus.
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)
Termination Because of Non-Payment of Premium. When reinsurance premiums are delinquent, you we have the right to terminate the reinsurance risks on the statement by giving us ninety (90) days you thirty days' written notice. As of the close of this ninety (90) thirty-day period, all of your our liability will terminate for the for:
A. The risks described in the preceding sentencesentence and
B. The risks where the reinsurance premiums became delinquent during the thirty-day period. Regardless of these terminations, we you will continue to be liable to you us for all unpaid reinsurance premiums earned by youus.
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (JPF Separate Account a of Jefferson Pilot Financial Ins Co), Automatic Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)
Termination Because of Non-Payment of Premium. When reinsurance premiums are delinquent, you the Reinsurer shall have the right to terminate the reinsurance risks on the statement by giving us ninety the Reinsured thirty (9030) days written notice. As of the close of this ninety (90) thirty-day period, all of your the Reinsurer’s liability will terminate for the for
A. The risks described in the preceding sentence. Regardless of these terminations, we will continue to be liable to you for all unpaid sentence and
B. The risks where the reinsurance premiums earned by youbecame delinquent during the thirty-day period.
Appears in 1 contract
Samples: Annuity Reinsurance Agreement (Kilico Variable Annuity Separate Account)
Termination Because of Non-Payment of Premium. When reinsurance premiums are delinquent, you we have the right to terminate the reinsurance risks on the statement by giving us ninety you thirty (9030) days days' written notice. As of the close of this ninety thirty (9030) day period, all of your our liability will terminate for the for:
A. The risks described in the preceding sentencesentence and
B. The risks where the reinsurance premiums became delinquent during the thirty (30) day period. Regardless of these terminations, we you will continue to be liable to you us for all unpaid reinsurance premiums earned by youus.
Appears in 1 contract
Samples: Reinsurance Agreement (North American Security Life Insurance Co)
