Common use of Claims Defined Clause in Contracts

Claims Defined. Claims covered under this Agreement include only "Death Claims" which: (i) are for the share of the risk reinsured by the Reinsurer; (ii) arise out of the death of the Reinsured Policy's named insured; and (iii) are based upon the contractual benefits specified in the Reinsured Policy including any applicable riders and supplementary benefits that are reinsured, as more fully specified in Exhibit A. The Reinsurer shall also pay its proportionate share of interest imposed automatically by statute without regard to fault and investigative.