Coverages and Exclusions Sample Clauses
The 'Coverages and Exclusions' clause defines the specific situations, events, or items that an insurance policy or contract will protect against, as well as those that are explicitly not covered. In practice, this clause lists the types of losses, damages, or liabilities that the insurer will pay for, while also detailing exceptions such as certain natural disasters, intentional acts, or pre-existing conditions that are not included. Its core function is to clearly delineate the scope of protection provided, helping both parties understand the boundaries of coverage and avoid disputes over what is or is not included.
Coverages and Exclusions. Only the variable annuities described in ------------------------ Schedule A are reinsured under this Agreement, as that schedule may from time to time be amended.
Coverages and Exclusions. Only the annuities and any riders or endorsements attached to those annuities (hereinafter collectively referred to as “Annuities”) described in Schedule A are reinsured under this Agreement. Except as described in Schedule A, riders or other policy forms or endorsements providing additional benefits are not reinsured under this Agreement, except those riders, endorsements or policy forms expressing variations in the requirements of a particular state and those necessary to qualify the Annuities for use with a qualified plan under the Internal Revenue Code.
Coverages and Exclusions. Only the Annuities are reinsured under this Agreement. Except as described in Schedule A, riders or other policy forms or endorsements providing additional benefits are not reinsured under this Agreement.
Coverages and Exclusions. A. Only the Base Annuities and Riders described in Schedule A are reinsured under this Agreement.
B. Only Annuities sold by the Ceding Company in those jurisdictions where the Ceding Company is licensed to issue annuities.
Coverages and Exclusions. Only the variable annuities described in Schedule A are reinsured under this Agreement.
Coverages and Exclusions. (a) Only the Guaranteed Withdrawal Benefit Riders for Single Life and for Joint Life (collectively referred to as “Riders”) and state variations thereof, issued for use with certain variable annuity contracts (“Base Annuity(ies)”) as described in Schedule A, are reinsured under this Agreement. The term Base Annuities includes the base annuity contract and any riders and endorsements other than the Riders.
(b) Only the guaranteed lifetime income payment benefits as set forth in Article III, Paragraph 1, are reinsured under this Agreement. Any other benefits and payments provided under the Riders and Base Annuities are excluded from coverage under this Agreement.
(c) Only Riders sold by the Ceding Company in the United States to United States residents are reinsured under this Agreement.
Coverages and Exclusions. A. Only the Variable Annuity Living Benefit Rider (“Living Benefits Rider”) and the Variable Annuity Payment Option Rider (“VAPOR Rider”) (the Living Benefits Rider and VAPOR Rider are collectively referred to as “Riders”) and certain state variations thereof issued for use with certain variable annuity contracts (“Base Annuity(ies)”) as further described in Schedule A are reinsured under this Agreement. Base Annuities include the base annuity contract and any riders and endorsements other than the Riders.
B. For the Living Benefits Rider, the Guaranteed Annual Income amount (“GAI”) and the GAI Annuity Payment Option (which does not include the Nursing Home GAI) is reinsured under this Agreement. For contracts to which the Nursing Home GAI option applies, this Agreement will provide reinsurance coverage at the GAI rate not the Nursing Home GAI rate as further set forth in Addendum I. Coverage under this Agreement for VAPOR Riders will only be provided to contractholders who previously purchased the Living Benefits Rider reinsured under this Agreement and elect the VAPOR Rider with Guaranteed Income Benefit. Also excluded from coverage under this Agreement are any death benefits, including (i) the Guarantee of Principal Death Benefit, the Enhanced Guaranteed Minimum Death Benefit and the Estate Enhancement Benefit and (ii) any final payment under the GAI Annuity Payout Option upon death of the Measuring Life(s) when the Guarantee of Principal Death Benefit, Enhanced Guaranteed Minimum Death Benefit or the Estate Enhancement Benefit was in effect prior to the effective date of the GAI Annuity Payout Option. Only payments of Claims as set forth in Article III, Paragraph 1 are reinsured under this Agreement.
C. Only Riders sold by the Ceding Company in the United States, Guam, or Puerto Rico to individuals who provide the Ceding Company with either a social security number or a U.S. federal income tax identification number, or other identifying data in compliance with Article I, section 26 of OFAC, or any successor statute or regulation, are reinsured under this Agreement.
Coverages and Exclusions. Only risks under the life insurance policies referred to in Schedule A, are reinsured under this Agreement. New policies issued by the Company after the Effective Date of this Agreement will also be reinsured under the terms of this Agreement.
Coverages and Exclusions. Only the Annuities described in Schedule A are reinsured under this Agreement.
Coverages and Exclusions a) Only risks under the policies referred to in Paragraph 1, hereinafter referred to as the "Policies," to the extent of the limits specified in Schedule A, are reinsured under this Agreement.
b) The Reinsurer will reimburse for the same form and term of nonforfeiture benefits as provided for in each reinsured policy issued by the Company in a quota share percentage corresponding to that shown in Schedule A.
c) The Reinsurer shall have no liability to the Company for reimbursement of any policy loans made to policyholders with respect to the portion of the policies reinsured under this Agreement.