Return of Premium Due to Misrepresentation or Suicide. If the Ceding Company returns premiums as a result of a misrepresentation by the insured or pays a reduced death benefit as a result of the insured’s suicide, Munich Re, U.S. (Life) shall return to the Ceding Company the reinsurance premium received on that Policy without applicable interest to the Ceding Company in lieu of any other benefit payable under this Agreement.
Appears in 2 contracts
Sources: Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Nationwide Vli Separate Account 4)
Return of Premium Due to Misrepresentation or Suicide. If the Ceding Company returns premiums as a result of a misrepresentation or suicide by the insured or pays a reduced death benefit as a result of the insured’s suicide, Munich Re, U.S. (Life) shall return to the Ceding Company the reinsurance premium received on that Policy without applicable interest to the Ceding Company in lieu of any other benefit payable under this Agreement.
Appears in 1 contract
Sources: Reinsurance Agreement (Penn Mutual Variable Life Account I)