Errors and Oversights. If either of us fail to comply with any of the provisions of this Agreement because of an unintentional oversight or misunderstanding, the underlying status of this Agreement will not be changed. Both of us will be restored to the position we would have occupied had no such oversight nor misunderstanding occurred.
Appears in 15 contracts
Sources: Pool Reinsurance Agreement (Nassau Life Variable Accumulation Account), Pool Reinsurance Agreement (Nassau Life Variable Universal Life Account), Novation Agreement (Nassau Life Variable Universal Life Account)
Errors and Oversights. If either of us fail to comply with any of the provisions of this Agreement because of an unintentional oversight or misunderstanding, the underlying status of this Agreement will not be changed. Both of us will be restored to the position we would have occupied had no such oversight nor misunderstanding occurred.. Continued...
Appears in 1 contract
Sources: Reinsurance Agreement (Travelers Fund Ul for Variable Life Insurance)
Errors and Oversights. If either of us fail foil to comply with any of the provisions of this Agreement because of an unintentional oversight or misunderstanding, the underlying status of this Agreement will not be changed. Both of us will be restored to the position we would have occupied had no such oversight nor misunderstanding occurred.
Appears in 1 contract
Sources: Automatic Reinsurance Agreement (Variable Account II of AGL of Delaware)