AUTOMATIC AND FACULTATIVE YEARLY RENEWABLE TERM REINSURANCE AGREEMENT Effective January 1, 2002 Between NATIONAL LIFE INSURANCE COMPANY (“Ceding Company”) One National Life Drive Montpelier, Vermont...
AUTOMATIC AND FACULTATIVE REINSURANCE AGREEMENT (YEARLY RENEWABLE TERM) Effective June 1, 1999 Between LIBERTY LIFE ASSURANCE COMPANY OF BOSTON (CEDING COMPANY) 000 Xxxxxxx Xxx Xxxxx, Xxx Xxxxxxxxx 00000 And SECURITY LIFE OF DENVER INSURANCE COMPANY (REINSURER) Security Life Center 0000 Xxxxxxxx Xxxxx...
reporting entity’s control. Using a shorter amortization period ensures that there will be no extinguishment gain or loss in the event a lender exercises its put option prior to the contractual maturity of the debt. However, amortization over the contractual life of a debt instrument is also ...
In no event will THE REINSURER participate in punitive or compensatory damages which are awarded against THE COMPANY as a result of an act, omission or course of conduct committed by THE COMPANY in connection with the insurance under this Agreement. THE REINSURER will, however, pay its share ...