Common use of Receipt of Premium Clause in Contracts

Receipt of Premium. Receipt by Allianz Life of the initial reinsurance premium and of each subsequent reinsurance premium, in accordance with the provisions of Article VII of this agreement, shall be a condition precedent to Allianz Life’s indemnification of the reinsurance to the Ceding Company.

Appears in 1 contract

Sources: Automatic Bulk y.r.t. Non Refund Agreement (Union Security Insurance Co Variable Account C)

Receipt of Premium. Receipt by Allianz Life of the initial reinsurance premium and of each subsequent reinsurance premium, in accordance with the provisions of Article VII of this agreement, shall be a condition precedent to Allianz Life’s 's indemnification of the reinsurance to the Ceding Company.

Appears in 1 contract

Sources: Facultative Bulk y.r.t. Non Refund Agreement (Security Equity Life Insurance Co Separate Account 13)

Receipt of Premium. Receipt by Allianz Life of the initial reinsurance premium and of each subsequent reinsurance premium, in accordance with the provisions of Article VII of this agreementAgreement, shall be a condition precedent to Allianz Life’s 's indemnification of the reinsurance to the Ceding Company.

Appears in 1 contract

Sources: Automatic Bulk Yrt Non Refund Agreement (Mony America Variable Account L)