Common use of Termination for Nonpayment of Reinsurance Premiums or Other Amounts Due Clause in Contracts

Termination for Nonpayment of Reinsurance Premiums or Other Amounts Due. If the Ceding Company fails to pay the Reinsurance Premiums or any other amounts due to the Reinsurer pursuant to this Agreement, within sixty (60) days after the end of any Accounting Period, the Reinsurer may terminate this Agreement, subject to thirty (30) days prior written notice to the Ceding Company.

Appears in 4 contracts

Samples: Reinsurance Agreement (Separate Account a of Pacific Life Insurance Co), Reinsurance Agreement (North American Security Life Insurance Co), Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)

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Termination for Nonpayment of Reinsurance Premiums or Other Amounts Due. If the Ceding Company fails to pay the Reinsurance Premiums or any other amounts due to the Reinsurer pursuant to this Agreement, within sixty (60) days after the end of any Accounting Period, the Reinsurer may terminate this Agreement, Agreement subject to thirty (30) days prior written notice to the Ceding Company.

Appears in 2 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

Termination for Nonpayment of Reinsurance Premiums or Other Amounts Due. If the Ceding Company fails to pay the Reinsurance Premiums or any other amounts due to the Reinsurer pursuant to this Agreement, within sixty seventy-five (6075) days after the end of any Accounting Period, the Reinsurer may terminate this Agreement, Agreement subject to thirty (30) days prior written notice to the Ceding Company.

Appears in 1 contract

Samples: Reinsurance Agreement (Mony Group Inc)

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Termination for Nonpayment of Reinsurance Premiums or Other Amounts Due. If the Ceding Company fails to pay the Reinsurance Premiums or any other amounts due to the Reinsurer pursuant to this Agreement, within sixty seventy-five (6075) days after the end of any Accounting Period, the Reinsurer may terminate this Agreement, subject to thirty thirty-five (3035) days prior written notice to the Ceding Company. If during the thirty-five (35) day period, the Ceding Company makes full payment of the Reinsurance Premiums due, this Agreement shall continue in force.

Appears in 1 contract

Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)

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