CONDITIONAL RECEIPT LIABILITY. The Pool Reinsurers will be liable for losses under the terms of a Conditional Receipt or Temporary Insurance Receipt to the extent that the Ceding Company is liable.
Appears in 2 contracts
Sources: Reinsurance Treaty (Ausa Series Life Account), Reinsurance Agreement (WRL Series Life Account)
CONDITIONAL RECEIPT LIABILITY. The Pool Reinsurers will be liable for losses under the terms of a Conditional Receipt or Temporary Insurance Receipt to the extent that the Ceding Company is liableliable in its underlying reinsurance agreement with the Issuing Company.
Appears in 2 contracts
Sources: Automatic Pool Reinsurance Agreement (Global Preferred Holdings Inc), Automatic Pool Reinsurance Agreement (Global Preferred Holdings Inc)