Common use of CONDITIONAL RECEIPT LIABILITY Clause in Contracts

CONDITIONAL RECEIPT LIABILITY. Reinsurance coverage under a Conditional Receipt or a Temporary Insurance Agreement will be limited to amounts you accept which are within your usual cash-with-application procedures. A copy of your Conditional Receipt or Temporary Insurance Agreement form is included as Exhibit ▇-▇. Our liability for losses under the terms of any Conditional Receipt or Temporary Insurance Agreement is subject to the limits shown in Exhibit D, Conditional Receipt Liability. We will have no liability for Conditional Receipts or Temporary Insurance Agreements which are issued or administered outside of your normal guidelines and procedures as specified in Exhibit D-l, Internal Conditional Receipt Procedures.

Appears in 1 contract

Sources: Automatic Yrt Reinsurance Agreement (Citizens Inc)

CONDITIONAL RECEIPT LIABILITY. Reinsurance coverage under a Conditional Receipt or a Temporary temporary Insurance Agreement will be limited to amounts you accept which are within your usual cash-with-application procedures. A copy cop\ of your Conditional Receipt or Temporary Insurance Agreement form is included as Exhibit ▇-▇B-1. Our liability for losses under the terms of any Conditional Receipt or Temporary Insurance Agreement is subject to the limits shown in Exhibit D, Conditional Receipt Liability. , We will have no liability for Conditional Receipts or Temporary Insurance Agreements which are issued or administered outside of your normal guidelines and procedures as specified in Exhibit D-lD-1, Internal Conditional Receipt Procedures.

Appears in 1 contract

Sources: Reinsurance Agreement (Nationwide VLI Separate Account-7)