CLAIM SETTLEMENT PROCESS. For (i) all non-contestable claims whether facultative or automatic and (ii) all contestable claims covered by automatic reinsurance with a total death benefit less than or equal to [dollar amount], the Ceding Company will review and settle such claims without prior approval from or consultation with the Reinsurer.
Appears in 4 contracts
Samples: Automatic Yrt (Ids Life Variable Life Separate Account), Automatic Yrt (Ids Life Variable Life Separate Account), Automatic Yrt (Ids Life Variable Life Separate Account)