Termination of Liability. The Reinsurer’s liability for any Policy ceded automatically or facultatively under this Agreement shall cease upon the earliest of: a. The date the Company’s liability on such Policy is terminated under the terms of its Policy with the policyholder; or b. The date this Agreement is terminated by the Company or the Reinsurer as specifically provided for and limited by this Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
Termination of Liability. The Reinsurer’s liability for any Policy ceded automatically or facultatively under this Agreement shall cease upon simultaneously with the Company’s contractual liability, or the earliest of:
a. The the date the Company’s 's liability on such Policy is terminated under the terms of its Policy with the policyholder; or
b. The the date this Agreement is terminated by the Company or the Reinsurer as specifically provided for and limited by this Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Nationwide VLI Separate Account-7)
Termination of Liability. The Reinsurer’s liability for any Policy ceded automatically or facultatively under this Agreement shall cease upon the earliest of:
a. The the date the Company’s liability on such Policy is terminated under the terms of its Policy with the policyholder; or
b. The the date this Agreement is terminated by the Company or the Reinsurer as specifically provided for and limited by this Agreement.
Appears in 1 contract
Samples: Modified Coinsurance Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
Termination of Liability. The Reinsurer’s 's liability for any Policy ceded automatically or facultatively under this Agreement shall cease upon simultaneously with the Company's contractual liability, or the earliest of:
a. The the date the Company’s 's liability on such Policy is terminated under the terms of its Policy with the policyholder; or
b. The the date this Agreement the reinsurance coverage on the Policy is terminated by the Company or the Reinsurer as specifically provided for and limited by this Agreement.
Appears in 1 contract
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G)
