Common use of TERMINATION OF THIS AGREEMENT FOR NEW BUSINESS Clause in Contracts

TERMINATION OF THIS AGREEMENT FOR NEW BUSINESS. A. Either Party may terminate this Agreement, as it applies to the reinsurance of new policies being issued by the Ceding Company: (1) immediately upon written notice to the other Party, if that other Party becomes insolvent as described in Article XV; or (2) with one hundred eighty (180) calendar days advance written notice to the other Party. B. After termination of this Agreement for new business, the Parties shall remain liable under the terms of this Agreement for: (1) reinsurance of policies that becomes effective prior to such termination of this Agreement; (2) reinsurance of policies with an application date on or before the effective date of termination; and (3) reinsurance that becomes effective as a result of coverage changes described in accordance with Article X. C. The Ceding Company shall continue to cede, and the Reinsurer shall continue to accept, any new business issued prior to the termination of this Agreement.

TERMINATION OF THIS AGREEMENT FOR NEW BUSINESS. A. Either Party may terminate this Agreement, as it applies to the reinsurance of new policies being issued by the Ceding Company: (1) immediately upon written notice to the other Party, if that other Party becomes insolvent as described in Article XV; or (2) with one hundred eighty ninety (18090) calendar days advance written notice to the other Party. B. After termination of this Agreement for new business, the Parties shall remain liable under the terms of this Agreement for: (1) reinsurance of policies that becomes effective prior to such termination of this Allocated Retention. Pool -- Effective 10/1/2008 Between HLIC and TFLIC Agreement; (2) reinsurance of policies with an application date on or before the effective date of termination; and (3) reinsurance that becomes effective as a result of coverage changes described in accordance with Article X. C. The Ceding Company shall continue to cede, and the Reinsurer shall continue to accept, any new business issued prior to the termination of this Agreement.

TERMINATION OF THIS AGREEMENT FOR NEW BUSINESS. A. Either Party may terminate this Agreement, as it applies to the reinsurance of new policies being issued by the Ceding Company: (1) immediately upon written notice to the other Party, if that other Party becomes insolvent as described in Article XV; or (2) with one hundred eighty ninety (18090) calendar days advance written notice to the other Party. B. After termination of this Agreement for new businesstermination, the Parties shall remain liable under the terms of this Agreement for: (1) reinsurance of policies that becomes effective prior to such termination of this Agreement; (2) reinsurance of policies with an application date on or before the effective date of termination; and (3) reinsurance that becomes effective as a result of coverage changes described in accordance with Article X. C. The Ceding Company shall continue to cede, and the Reinsurer shall continue to accept, any new business issued prior to the termination of this Agreement.

TERMINATION OF THIS AGREEMENT FOR NEW BUSINESS. A. Either Party may terminate this Agreement, as it applies to the reinsurance of new policies being issued by the Ceding Company: (1) immediately upon written notice to the other Party, if that other Party becomes insolvent as described in Article XV; or (2) with one hundred eighty ninety (18090) calendar days advance written notice to the other Party. B. After termination of this Agreement for new business, the Parties shall remain liable under the terms of this Agreement for: (1) reinsurance of policies that becomes effective prior to such termination of this Allocated Retention. Pool -- Effective 10/1/2008 Between ILA and TLIC Agreement; (2) reinsurance of policies with an application date on or before the effective date of termination; and (3) reinsurance that becomes effective as a result of coverage changes described in accordance with Article X. C. The Ceding Company shall continue to cede, and the Reinsurer shall continue to accept, any new business issued prior to the termination of this Agreement.

TERMINATION OF THIS AGREEMENT FOR NEW BUSINESS. A. Either Party may terminate this Agreement, as it applies to the reinsurance of new policies being issued by the Ceding Company: (1) immediately upon written notice to the other Party, if that other Party becomes insolvent as described in Article XV; or (2) with one hundred eighty ninety (18090) calendar days advance written notice to the other Party. B. After termination of this Agreement for new business, the Parties shall remain liable under the terms of this Agreement for: (1) reinsurance of policies that becomes effective prior to such termination of this Agreement; (2) reinsurance of policies with an application date on or before the effective date of termination; and (3) reinsurance that becomes effective as a result of coverage changes described in accordance with Article X. C. The Ceding Company shall continue to cede, and the Reinsurer shall continue to accept, any new business issued prior to the termination of this Agreement.