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Common use of Conditional Receipt Clause in Contracts

Conditional Receipt. The Reinsurer shall be liable for benefits paid under the Ceding Company's conditional receipt, temporary insurance or other pre-issue benefit or liability provided the requirements for automatic reinsurance, as stated in Article 3 of this Agreement, are met.

Appears in 8 contracts

Sources: Assignment, Transfer and Novation Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Jnlny Separate Account Iv), Reinsurance Agreement (Jackson National Separate Account Iv)

Related Clauses

  • Payment of the Purchase Price
  • Notice of Servicer Default
  • Payment of Receivables Purchase Price
  • Purchase of Receivables Upon Breach of Covenant
  • Annual Officer’s Certificate; Notice of Servicer Replacement Event

Parent Clauses

  • LIABILITY
  • Issuance of business
  • Basis of Reinsurance
  • Ceding While Retaining Less Than Full Retention
  • Minimum Facultative Submission

Sub-Clauses

  • COVERAGE FOR AUTOMATIC REINSURANCE
  • COVERAGE FOR FACULTATIVE REINSURANCE
  • DISCREPANCY WITH CONDITIONAL RECEIPT
  • Reductions and Terminations
  • Contractual Increases
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