Common use of Duration of the Agreement Clause in Contracts

Duration of the Agreement. The duration of this Agreement will be unlimited. However, the ceding company or the reinsurer may terminate the Agreement at any time by giving the other ninety days prior written notice. We will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you continue to pay reinsurance premiums as shown in Article V (Reinsurance Rates and Payments.) However, we will not be liable for any claims or premium refunds, which are not reported to us within one hundred eighty days following the termination or expiry of the last cession reinsured under this Agreement.

Appears in 7 contracts

Samples: Automatic Reinsurance Agreement (Usl Separate Account Usl Vl-R), Automatic Reinsurance Agreement (Usl Separate Account Usl Vl-R), Automatic Reinsurance Agreement (Agl Separate Account Vl-R)

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Duration of the Agreement. The duration of this Agreement will be unlimited. However, the ceding company or the reinsurer either one of us may terminate the Agreement at any time by giving the other ninety days prior written notice. We will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you continue to pay reinsurance premiums as shown in Article V (Reinsurance Rates and Payments.) Payment). However, we will not be liable for any claims or premium refunds, refunds which are not reported to us within one hundred eighty days following the termination or expiry of the last cession reinsured under this Agreement.

Appears in 4 contracts

Samples: Automatic Reinsurance Agreement (Union Security Insurance Co Variable Account C), Automatic Reinsurance Agreement (Nationwide Provident Vli Separate Account A), Automatic Reinsurance Agreement (Life Insurance Separate Account of Usaa Life Insurance Co)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, the ceding company or the reinsurer either party may terminate the Agreement for new issues at any time by giving the other ninety days prior written notice. We You will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you we continue to pay reinsurance premiums as shown in Article V (Reinsurance Premium Rates and Payments.) Payment). However, we you will not be held liable for any claims or premium refunds, refunds which are not reported to us you within one hundred eighty days following the termination or expiry of the last cession reinsured under this Agreement.

Appears in 3 contracts

Samples: Automatic Reinsurance Agreement (PHL Variable Accumulation Account), Novation Agreement (Nassau Life Variable Universal Life Account), Reinsurance Agreement (Phlvic Variable Universal Life Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, the ceding company or the reinsurer either one of us may terminate the Agreement at any time by giving the other ninety days prior written notice. We You will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you we continue to pay reinsurance premiums as shown in Article V (Reinsurance Rates and Payments.) Payment). However, we you will not be liable for any claims or premium refunds, refunds which are not reported to us you within one hundred eighty days following the termination or expiry of the last cession reinsured under this Agreement.

Appears in 2 contracts

Samples: Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account), Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, However the ceding company or the reinsurer may terminate the Agreement at any time by giving the other ninety days prior written notice. We will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you continue to pay reinsurance premiums as shown in Article V (Reinsurance Rates and Payments.) However, we will not be liable for any claims or premium refunds, refunds which are not reported to us within one hundred eighty days following the termination or expiry of the last cession reinsured under this Agreement.

Appears in 1 contract

Samples: Automatic Reinsurance Agreement (Variable Account II of AGL of Delaware)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, the ceding company or the reinsurer either one of us may terminate the Agreement at any time by giving the other ninety days prior written notice. We will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you continue to pay reinsurance premiums as shown in Article V (Reinsurance Rates and Payments.) ). However, we will not be liable for any claims or premium refunds, refunds which are not reported to us within one hundred eighty days following the termination or expiry of the last cession reinsured under this Agreement.

Appears in 1 contract

Samples: Automatic Reinsurance Agreement Effective November (Travelers Fund Ul for Variable Life Insurance)

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Duration of the Agreement. The duration of this Agreement will be unlimited. However, the ceding company or the reinsurer either party may terminate the Agreement for new issues at any time by giving the other ninety calendar days prior written notice. We You will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you we continue to pay reinsurance premiums as shown in Article V (Reinsurance Premium Rates and Payments.) ), unless otherwise terminated in accordance with the terms of this Agreement. However, we you will not be held liable for any claims or premium refunds, refunds which are not reported to us you within one hundred eighty days following the termination or expiry of the last cession remaining reinsured under this Agreement.

Appears in 1 contract

Samples: Reinsurance Agreement (Phlvic Variable Universal Life Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, the ceding company or the reinsurer either party may terminate the Agreement for new issues at any time by giving the other party ninety days prior written notice. We You will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you continue the Company continues to pay reinsurance premiums as shown in Article V (Reinsurance Premium Rates and Payments.) Payment), unless otherwise terminated in accordance with the terms of this Agreement. However, we the Reinsurer will not be held liable for any claims or premium refunds, refunds which are not reported to us the Reinsurer within one hundred eighty days following the termination or expiry of the last cession remaining reinsured under this Agreement.

Appears in 1 contract

Samples: Automatic Yrt Reinsurance Agreement (Phlvic Variable Universal Life Account)

Duration of the Agreement. The duration of this Agreement will be unlimited. However, the ceding company or the reinsurer either party may terminate the Agreement for new issues at any time by giving the other ninety days calendar days' prior written notice. We You will continue to accept new reinsurance during the ninety-day period. Existing reinsurance will not be affected by the termination of this Agreement for new reinsurance. Existing reinsurance will remain in force until the termination or expiry of the underlying policy on which reinsurance is based, as long as you we continue to pay reinsurance premiums as shown in Article V (Reinsurance Premium Rates and Payments.) ), unless otherwise terminated in accordance with the terms of this Agreement. However, we you will not be held liable for any claims or premium refunds, refunds which are not reported to us you within one hundred eighty days following the termination or expiry of the last cession remaining reinsured under this Agreement.

Appears in 1 contract

Samples: Automatic Yrt Reinsurance Agreement (Phlvic Variable Universal Life Account)

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