The liability of the Reinsurer. on any reinsurance under this Agreement begins upon the effective date of this Agreement as set forth in Article XV, Execution, and ends after all underlying contracts associated with the reinsured Incomeflex Contracts have terminated or the business reinsured is otherwise recaptured or terminated. The liability of the Reinsurer to the Reinsured under this Agreement will be the remaining Incomeflex benefit obligation to any covered Contract holder after the value of the investments supporting the individual’s IncomeFlex benefit has been reduced to zero.
Appears in 5 contracts
Samples: Automatic Coinsurance Agreement (Priac Variable Contract Account A), Automatic Coinsurance Agreement (Priac Variable Contract Account A), Automatic Coinsurance Agreement (Priac Variable Contract Account A)
