Unearned Reinsurance Premiums. Unearned reinsurance premiums will be returned on deaths, surrenders and other terminations. This refund will be on a prorated basis without interest from the date of termination of the policy to the date through which a reinsurance premium has been paid.
Appears in 2 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Term Reinsurance Agreement (Farmers Variable Life Separate Account A)
Unearned Reinsurance Premiums. Unearned reinsurance premiums will be returned on deaths, surrenders and other terminations, except as set forth in Article 7.g. This refund will be on a prorated basis without interest from the date of termination of the policy to the date through which a reinsurance premium has been paid.
Appears in 2 contracts
Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account)
