AUTOMATIC PORTION RETAINED. In combination with its affiliates and/or subsidiaries, THE COMPANY will retain at least 10% of the policy risk amount up to the First Layer of Coverage amounts shown in ‘AUTOMATIC ISSUE LIMITS’ section of Schedule A, and 100% of the policy risk amount in excess of the First Layer of Coverage.
Appears in 3 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)
AUTOMATIC PORTION RETAINED. In combination with its affiliates and/or subsidiaries, THE COMPANY will retain at least 10% of the policy net amount at risk amount up to the First Layer of Coverage amounts shown in ‘AUTOMATIC ISSUE LIMITS’ section of Schedule A, and Section 5 below. In addition, THE COMPANY will retain 100% of the policy risk amount in excess of the First Layer of Coverage.
Appears in 2 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)
