Common use of MISSTATEMENT OF AGE OR GENDER Clause in Contracts

MISSTATEMENT OF AGE OR GENDER. In the event of a change in the amount of the Ceding Company’s liability on a policy due to a misstatement of age or gender, the REINSURER’s liability on its proportionate share will change within the terms of this Agreement. The Reinsurance Death Benefit will be adjusted from the inception of the Original Policy, and any difference will be settled without interest.

MISSTATEMENT OF AGE OR GENDER. In the event of a change in the amount of the Ceding Company’s liability on a policy due to a misstatement of age or gender, the REINSURERReinsuer’s liability on its proportionate share will change within the terms of this Agreement. The Reinsurance Death Benefit death benefit will be adjusted from the inception of the Original Policyoriginal policy, and any difference will be settled without interest.