CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. The Reinsurer's liability will not exceed its proportionate share of
a) [dollar amount], or
b) [dollar amount] if the amount is ordered by court of competent jurisdiction or the result of a settlement with the beneficiary.
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer's share of amounts within the Conditional Receipt or Temporary Insurance Agreement specified in Exhibit C. Reinsurance coverage is limited to one Conditional Receipt or Temporary Insurance Agreement per application on a life regardless of how many receipts are issued or initial premiums are accepted by the Ceding Company. The Reinsurer will accept liability provided that:
a. the Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement; and
b. the risk is eligible for Automatic reinsurance under this Agreement; or the Reinsurer has made a Facultative offer during the lifetime of the insured and the Ceding Company would have accepted that offer based on the allocation rules for placement of Facultative cases in Exhibit H; and
c. the Ceding Company, its agents, or representatives have followed its normal cash- with-application procedures for such coverage. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer’s share of amounts within the Conditional Receipt or Temporary Insurance Agreement specified in Exhibit C. The Reinsurer will accept liability provided that:
a. the Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement; and
b. the risk is eligible for Automatic reinsurance under this Agreement; or the Reinsurer has made a Facultative offer and the Ceding Company would have accepted that offer based on the allocation rules for placement of Facultative cases in Exhibit H; and
c. the Ceding Company, including its agents/representatives has followed its normal cash-with-application procedures for such coverage.
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer’s share of amounts within the Conditional Receipt or Temporary Insurance Agreement specified in Exhibit C-Binding Limits. Reinsurance coverage is limited to one Conditional Receipt or Temporary Insurance Agreement per application on a life regardless of how many receipts are issued or initial premiums are accepted by the Ceding Company. The Reinsurer will accept liability provided that:
a. The Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement form; and
b. The risk is eligible for Automatic reinsurance under this Agreement; or the Reinsurer has made a Facultative offer during the lifetime of the insured and the Ceding Company would have accepted that offer; and
c. For facultative applications submitted to the Reinsurer, the Reinsurer’s liability under a Conditional Receipt or a Temporary Insurance Agreement will begin simultaneously with the Ceding Company’s contractual liability if the Reinsurer’s facultative offer has been accepted or would have been accepted. The Reinsurer’s liability is limited to its share, as shown in Exhibit C-Binding Limits, of amounts accepted within the Ceding Company’s usual cash-with-application procedures for temporary coverage. If the proposed insured dies prior to the completion of the underwriting process, the Reinsurer will continue underwriting the risk to determine if a facultative offer would have been made on the risk. If so, the Reinsurer will accept liability for the risk in accordance with the Ceding Company’s Facultative Placement Rules, subject to the limits specified in the paragraph above.
d. The Reinsurer has no liability for facultative applications that the Ceding Company has not submitted to the Reinsurer.
e. The Ceding Company, its agents, or representatives have followed its normal cash-with-application procedures for such coverage. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. The amount of such coverage provided by the Reinsurer will be limited to its share of the following amounts provided by the Ceding Company’s Conditional Receipt or Temporary Insurance Agreement.
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. The amount of coverage provided by the Reinsurer under a Conditional Receipt (or Interim Receipt) will not exceed the lesser of:
1. The Reinsurer's share of $500,000; or
2. The Automatic Acceptance Limits: or
3. The Reinsurer's share of the difference between the amount of insurance provided by the Conditional Receipt (or Interim Receipt) and the Ceding Company's maximum retention assuming the life had been underwritten as standard. The Ceding Company's retention will include any amounts retained under any in force policies on the life.
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a conditional receipt or temporary insurance agreement is subject to the conditions for reinsurance coverage specified in Exhibit B and is limited to Munich Re, U.S. (Life)’s share of amounts within the conditional receipt or temporary insurance limits specified in Exhibit B less the Ceding Company Retention on the Policy. In no event, however, shall Munich Re, U.S. (Life)’s liability on any one life, including any existing reinsurance, exceed the Automatic Binding Limits in Exhibit B. Munich Re, U.S. (Life) will accept liability provided that the Ceding Company has followed its normal cash-with-application procedures for such coverage. Treaty # 4347 Munich American Reassurance Company P a g e | 10
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. The Reinsurer's liability will not exceed its proportionate share of
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer’s share of amounts within the Conditional Receipt or Temporary Insurance Agreement, up to the limits specified in Exhibit C. Reinsurance coverage is limited to one Conditional Receipt or Temporary Insurance Agreement per application on a life regardless of how many receipts are issued or initial premiums (000) 00000-00-00 05/9/2017 are accepted by the Ceding Company. The Reinsurer will accept liability, which will commence as specified in this Article, provided that:
a. the Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement; and
b. the risk is eligible for Automatic reinsurance under this Agreement; or
c. the Reinsurer has made a Facultative offer during the lifetime of the insured and the Ceding Company has or would have accepted that offer based on the allocation rules for placement of Facultative cases in Exhibit G; or
d. if the proposed insured dies prior to the completion of the underwriting process, the Reinsurer will continue to underwrite the risk to determine if a facultative offer would have been made on the risk. If so, the Reinsurer will accept liability for the risk subject to the other provisions of this Article; and
e. the Ceding Company, its agents, or representatives have followed its normal cash-with-application procedures for such coverage. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.
CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. The amount of such coverage provided by the Reinsurer will be limited to its share of the following amounts per application provided by the Ceding Company’s Conditional Receipt or Temporary Insurance Agreement. One Year Term 20 -00 00 Xxxxxxxxxx Xxxxx 00 Xx Xxxx 20 - 70 95 Guaranteed Lxxxx 00 Xx Xxxx 00 - 00 00 Guaranteed Lxxxx 00 Xx Xxxx 00 - 00 00 Single Life Permanent Plans 0 - 85 121 Joint Life Plans 20 - 85 121 (460, C01) 10000-00-00 40 12/14/2017
D.1 BASE PLAN PARAMETERS Class Yr 1 Years 2+
