Common use of Continuation of Liability Clause in Contracts

Continuation of Liability. Continuation of the Pool Reinsurers' liability is conditioned on the Ceding Company's payment of reinsurance premiums as shown in Article V (Reinsurance Rates and Payment) and is subject to Article VI (Changes to the Reinsurance) and Article VII (Recapture).

Appears in 4 contracts

Sources: Reinsurance Treaty (Ausa Series Life Account), Automatic Pool Reinsurance Agreement (Global Preferred Holdings Inc), Reinsurance Agreement (WRL Series Life Account)