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Common use of Dividend Payments Clause in Contracts

Dividend Payments. The Reinsurer will not reimburse the Company for dividends paid to policyholders.

Appears in 21 contracts

Sources: Automatic Self Administered Yrt Reinsurance Agreement (Thrivent Variable Life Account I), Automatic Self Administered Yrt Reinsurance Agreement (Thrivent Variable Life Account I), Reinsurance Agreement (Nationwide Vli Separate Account 4)

Dividend Payments. The Reinsurer will not reimburse the Company Cedant for dividends paid to policyholderspolicyholders under the Reinsured Policies.

Appears in 1 contract

Sources: Coli Yrt Reinsurance Agreement (Delaware Life Variable Account G)

Related Clauses

  • PAYMENT OF DIVIDENDS OR DISTRIBUTIONS
  • Stock Dividends
  • Stock Dividend
  • Cash Dividends or Distributions
  • Stock Dividends, Distributions, Etc

Parent Clauses

  • Representations and Warranties
  • Representations and Warranties by the Company
  • COVENANTS OF THE COMPANY
  • Representations and Warranties of the Company
  • Negative Covenants

Sub-Clauses

  • Service
  • Failure to Locate Shareholder
  • Exculpatory Provisions
  • Delegation of Duties
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