Common use of AUTOMATIC ACCEPTANCE LIMITS Clause in Contracts

AUTOMATIC ACCEPTANCE LIMITS. On any one life, or both lives (for joint policies), the amount automatically reinsured under all Agreements with all reinsurers shall not exceed the following: ----------------------------------------------------------------------- Issue Age Automatic Limit ----------------------------------------------------------------------- 0-75 20 times the Ceding Company's Retention Limits, as shown in Schedule A of the Agreement, subject to a $20,000,000.00 maximum. ----------------------------------------------------------------------- 76-85 20 times the Ceding Company's Retention Limits, as shown in Schedule A of the Agreement, subject to a $2,000,000.00 maximum. ----------------------------------------------------------------------- 86+ Automatic reinsurance is not available. ----------------------------------------------------------------------- The total mortality rating on the insurable life (lives) shall not be higher than 500% for permanent plans, or the equivalent on a flat extra premium basis.