Common use of Automatic Coverage Clause in Contracts

Automatic Coverage. On and after the Effective Date of this agreement, whenever the Ceding Company issues coverage on a risk for a plan covered by this Pool, and the total coverage issued and in force on that risk with the Ceding Company exceeds its then current maximum retention, such coverage will be automatically reinsured in the Pool, provided: a. that the aggregate amount of life and supplemental benefits reinsured does not exceed the maximums set out in Exhibit G; b. that the risk is not known to be a citizen of countries other than the United States and Canada, is residing in the United States or Canada, is classified in accordance with generally accepted individual underwriting practices, and is not a Jumbo Risk as defined in Exhibit E; c. that on the risk the Ceding Company has retained its maximum Exhibit D retention, either for the current coverage or on a previous issue, or by combination of both, at the time reinsurance is required; d. that for the current coverage, the Ceding Company has not made facultative application to another reinsurer. TABLE OF CONTENTS Article I Effective Date and Duration 1 Article II Automatic Coverage 1 Article III Facultative Reinsurance 2

Automatic Coverage. On and after the Effective Date of this agreement, whenever the Ceding Company issues coverage on a risk for a plan covered by this Pool, and the total coverage issued and in force on that risk with the Ceding Company exceeds its then current maximum retention, such coverage will be automatically reinsured in the Pool, provided: a. that the aggregate amount of life and supplemental benefits reinsured does not exceed the maximums set out in Exhibit G; b. that the risk is not known to be a citizen of countries other than the United States and Canada, is residing in the United States or Canada, is classified in accordance with generally accepted individual underwriting practices, and is not a Jumbo Risk as defined in Exhibit E; c. that on the risk the Ceding Company has retained its maximum Exhibit D retention, either for the current coverage or on a previous issue, or by combination of both, at the time reinsurance is required; d. that for the current coverage, the Ceding Company has not made facultative application to another reinsurer. TABLE OF CONTENTS Article I Effective Date and Duration 1 Article II Automatic Coverage 1 Article III Facultative Reinsurance 2.

Automatic Coverage. On and after the Effective Date of this agreement, whenever the Ceding Company issues coverage on a risk for a plan covered by this Pool, and the total coverage issued and in force on that risk with the Ceding Company exceeds its then current maximum retention, such coverage will be automatically reinsured in the Pool, provided: a. that the aggregate amount of life and supplemental benefits reinsured does not exceed the maximums set out in Exhibit G; b. that the risk is not known to be a citizen of countries other than the United States and Canada, is residing in the United States or Canada, is classified in accordance with generally accepted individual underwriting practices, and is not a Jumbo Risk as defined in Exhibit E; c. that on the risk the Ceding Company has retained its maximum Exhibit D retention, either for the current coverage or on a previous issue, or by combination of both, at the time reinsurance is required; d. that for the current coverage, the Ceding Company has not made facultative application to another reinsurer. TABLE OF CONTENTS CONTENTS Article I Effective Date and Duration 1 Article II Automatic Coverage 1 Article III Facultative Reinsurance 2