ADDITIONAL UNDERWRITING REQUIREMENTS Sample Clauses
The "Additional Underwriting Requirements" clause establishes that the insurer may request further information or documentation from the policyholder or applicant beyond the standard application materials. In practice, this could involve providing medical records, financial statements, or other evidence necessary for the insurer to assess the risk associated with issuing or maintaining coverage. This clause ensures that the insurer has the flexibility to obtain all relevant data needed to make informed underwriting decisions, thereby reducing the risk of adverse selection and ensuring appropriate policy pricing.
ADDITIONAL UNDERWRITING REQUIREMENTS. The following additional requirements apply to business reinsured under this Agreement. These requirements are in addition to the conventional underwriting and issue practices described in Section 3.a. of this Agreement. BLOOD PROFILE LIMITS. Where permitted by law, a blood profile including an AIDS test is required according to the age and amount conditions described below. The AIDS test is to be an HIV or, when the HIV is not permitted, a T-Cell ratio. Ages Applied for Amount ------- ------------------ 18 and over $100,000 SCHEDULE A, CONTINUED
ADDITIONAL UNDERWRITING REQUIREMENTS. The following requirements apply to business reinsured under this Agreement. These requirements are in addition to the conventional underwriting and issue practices described in Article 3.a. of this Agreement. BLOOD PROFILE LIMITS: Where permitted by law, a blood profile including an AIDS test is required for ages 18+. The AIDS test is to be an HIV or, when the HIV is not permitted, a T-Cell ratio. EXHIBIT A.I UNDERWRITING GUIDELINES SCHEDULE B REINSURANCE PREMIUMS - YEARLY/MONTHLY RENEWABLE TERM BASIS
1. AUTOMATIC REINSURANCE PREMIUMS - LIFE:
a. SINGLE LIFE PLANS WITH ELITE PREFERRED CLASS AVAILABLE: Standard annual reinsurance premiums per $1000 reinsured are the following percentages of the 1990 - 95 Basic Select and Ultimate Table attached to this Schedule B as Exhibit B.I: =============================================== ======================= Elite Preferred Nonsmoker ----------------------------------------------- ----------------------- ----------------------------------------------- ----------------------- Preferred Nonsmoker ----------------------------------------------- ----------------------- ----------------------------------------------- ----------------------- Standard Nonsmoker ----------------------------------------------- ----------------------- ----------------------------------------------- ----------------------- Preferred Smoker ----------------------------------------------- ----------------------- ----------------------------------------------- ----------------------- Standard Smoker =============================================== =======================
a. SURVIVORSHIP UL/VUL: Standard annual reinsurance premiums per $1000 reinsured are the following percentages of the 1990 - 95 Basic Select and Ultimate Table attached to this Schedule B as Exhibit B.I., applied to each individual life. Single life rates are then Frasierized, as determined in Exhibit B.II. =============================================== ======================= Preferred Nonsmoker ----------------------------------------------- ----------------------- ----------------------------------------------- ----------------------- Standard Nonsmoker ----------------------------------------------- ----------------------- ----------------------------------------------- ----------------------- Preferred Smoker ----------------------------------------------- ----------------------- ----------------------------------------------- ----------------------- Standard Smoker ========...
ADDITIONAL UNDERWRITING REQUIREMENTS. The following requirements apply to business reinsured under this Agreement. These requirements are in addition to the conventional underwriting and issue practices described in Section 3.a. of this Agreement. BLOOD PROFILE LIMITS: Where permitted by law, a blood profile including an AIDS test is required according to the age and amount conditions described below. The AIDS test is to be an HIV or, when the HIV is not permitted, a T-Cell ratio. Issue Ages Applied For Amounts 0-40 >(or equal to) $250,001 41+ >(or equal to) $100,000 SCHEDULE B AUTOMATIC REINSURANCE PREMIUMS - YEARLY RENEWABLE TERM BASIS
1. LIFE INSURANCE:
a. Single Life VUL Standard annual reinsurance premiums per $1000 reinsured are the below percentages of the 1975-80 Ultimate ALB Table attached to this Schedule B. The first year premium rate is zero. Monthly premium rates are equal to one twelfth of the annual premium rates. Underwriting Class Male Female Preferred 18% 24% Select 24% 31% Standard 53% 55%
b. Last Survivor VUL Standard annual reinsurance premiums per $1000 reinsured are the below percentages of the 1975-80 Ultimate ALB Table attached to this Schedule B, frasierized as set forth in Exhibit II attached to this Schedule B. The first year premium rate is zero. Monthly premium rates are equal to one twelfth of the annual premium rates. Underwriting Class Male Female Preferred 24% 30% Select 28% 35% Standard 56% 58% There is a minimum renewal annual reinsurance premium of $.12 per $1000.