Common use of AUTOMATIC ACCEPTANCE OF REINSURANCE Clause in Contracts

AUTOMATIC ACCEPTANCE OF REINSURANCE. The Reinsurer shall cover every Policy issued by the Ceding Company on or after the Effective Date under plans of insurance described in Schedule A. The Reinsurer can, at its sole option, discontinue reinsurance of newly issued Policies subject to ninety (90) days prior written notice to the Cedent. The Cedent can, at its sole option, discontinue reinsurance of newly issued Policies subject to thirty (30) days prior written notice to the Reinsurer.

Appears in 13 contracts

Samples: Reinsurance Agreement (First Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Usa Separate Account A), Reinsurance Agreement (Metlife Investors Variable Annuity Account One)

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