Common use of Liability and Payment Clause in Contracts

Liability and Payment. The Reinsurer will accept the decision of the --------------------- Ceding Company with respect to Benefit Payments on annuities reinsured hereunder. The Reinsurer will pay its proportionate share of Benefit Payments in a lump sum to the Ceding Company without regard to the form of settlement by the Ceding Company.

Appears in 13 contracts

Sources: Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Separate Account B of Golden American Life Insurance Co), Reinsurance Agreement (Golden American Life Insurance Co /Ny/)

Liability and Payment. The Reinsurer will accept the decision of the --------------------- Ceding Company with respect to Benefit Payments on annuities reinsured hereunder. The Reinsurer will pay its proportionate share of Benefit Payments in a lump sum to the Ceding Company without regard to the form of settlement by the Ceding Company.

Appears in 8 contracts

Sources: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Ten), Reinsurance Agreement (Golden American Life Insurance Co /Ny/)

Liability and Payment. The Reinsurer will accept the decision of the --------------------- Ceding Company with respect to Benefit Payments payment of Claims on annuities policies reinsured hereunder. The Reinsurer will pay its proportionate share of Benefit Payments Claims in a lump sum to the Ceding Company without regard to the form of settlement by the Ceding Company.

Appears in 2 contracts

Sources: Reinsurance Agreement, Reinsurance Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)

Liability and Payment. The Reinsurer will accept the decision of the --------------------- Ceding Company with respect to Benefit Payments payment of a Claim on annuities a policy reinsured hereunder. The Reinsurer will pay its proportionate share of Benefit Payments Claims in a lump sum to the Ceding Company without regard to the form of settlement by the Ceding Company.

Appears in 1 contract

Sources: Reinsurance Agreement (Mony Group Inc)

Liability and Payment. The Reinsurer will accept the decision of the --------------------- Ceding Company with respect to Benefit Payments payment of Claims on annuities reinsured hereunder. The Reinsurer will pay its proportionate share of Benefit Payments Claims in a lump sum to the Ceding Company without regard to the form of settlement by the Ceding Company.a

Appears in 1 contract

Sources: Reinsurance Agreement (Manufacturers Life Insurance Co of North America Sep Acc A)

Liability and Payment. The Reinsurer will accept the decision of the --------------------- Ceding Company with respect to Benefit Payments payment of a Claim on annuities an annuity reinsured hereunder. The Reinsurer will pay its proportionate share of Benefit Payments Claims in a lump sum to the Ceding Company without regard to the form of settlement by the Ceding Company.

Appears in 1 contract

Sources: Reinsurance Agreement (Liberty Financial Companies Inc /Ma/)

Liability and Payment. The Reinsurer will accept the decision of the --------------------- Ceding Company with respect to Benefit Payments payments of Claims on annuities Policies reinsured hereunder. The Reinsurer will pay its proportionate share of Benefit Payments in a lump sum to the Ceding Company without regard to the form of settlement by the Ceding Company.Claims in

Appears in 1 contract

Sources: Reinsurance Agreement (General American Separate Account Two)