Common use of Facultative Clause in Contracts

Facultative. REINSURANCE For facultative reinsurance, MARC's liability will commence at the same time as the Ceding Company's liability, provided that MARC has made a facultative offer and that offer was accepted in accordance with the terms of this Agreement.

Appears in 1 contract

Sources: Automatic Yrt Reinsurance Agreement (Jackson National Separate Account Iv)

Facultative. REINSURANCE For facultative reinsurance, MARC's liability will commence at the same time as the Ceding Company's liability, provided that MARC has made a facultative offer and that offer was accepted in accordance with the terms of this Agreement.. 4 -------------------------------------------------------------------------------- [GRAPHIC OMITTED] MARC MUNICH RE GROUP

Appears in 1 contract

Sources: Automatic Yrt Reinsurance Agreement (Jackson National Separate Account Iv)