Common use of Automatic Yearly Renewable Term Reinsurance Clause in Contracts

Automatic Yearly Renewable Term Reinsurance. 1.1 NML shall retain no mortality risk on policies in the pool. NML agrees to cede and Pool Reinsurers agree to accept (as set forth in Exhibit B), on the terms and conditions set forth in this Agreement, equal shares of the risk specified in Exhibit A on qualifying policies evaluated within the classification range specified in Exhibit A, as subject to this Agreement.

Appears in 5 contracts

Samples: Sample Substandard Pool Reinsurance Agreement (Northwestern Mutual Variable Life Account II), Sample Substandard (Northwestern Mutual Variable Life Account), Reinsurance Agreement (Northwestern Mutual Variable Life Account)

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