Automatic Cessions. The Ceding Company shall cede and the Reinsurer shall accept as indemnity reinsurance, on a YRT basis, in accordance with the terms and conditions hereof, the portions of the Ceding Company's risk on all Policies that are not in excess of the Automatic Binding Limit, as provided in Exhibit I, with respect to each Policy and the Ceding Company shall retain for its own account the portions of the risk on each Policy as provided in Exhibit II not to exceed its per life retention, provided that:
Appears in 10 contracts
Samples: Reinsurance Agreement (Metlife Investors Variable Life Account One), Reinsurance Agreement (Metropolitan Life Separate Account Ul), Reinsurance Agreement (General American Life Insurance Co Separate Account Eleven)
Automatic Cessions. The Ceding Company shall cede and the Reinsurer shall accept as indemnity reinsurance, on a YRT basis, in accordance with the terms and conditions hereof, the portions of the Ceding Company's risk on all Policies that are not in excess of the Automatic Binding Limit, as provided in Exhibit I, with respect to each Policy and the Ceding Company shall retain for its own account the portions of the risk on each Policy as provided in Exhibit II not to exceed its per life retention, provided thatthat the following conditions are met:
Appears in 1 contract
Samples: Reinsurance Agreement (Metropolitan Life Separate Account UL)
