Common use of CONFIRMATION OF REINSURANCE Clause in Contracts

CONFIRMATION OF REINSURANCE. If our reinsurance number for this particular case was given to you during application period, indicate such in the top right corner. If any amounts as applied for are changed, please indicate so in the space provided next to column LIFE amount applied for and X out or change also benefits if not issued or changed. For AUTOMATIC SUBMISSIONS, check appropriate box and indicate whether policy was issued on a Medical or Non-Medical basis. (Refer to explanation of how to complete form under FACULTATIVE APPLICATIONS for details of completion and continue as outlined below). SPECIAL ACCOUNT POOL - Applicable only when Experience Refund Rates are used. Policies that are rated 300% or over will automatically be placed in this pool, unless there is a Special Agreement to do otherwise. However, any policy other than substandard rating of 300% and over may be placed in the Special Account Pool. If so desired, please indicate by checking the box before the confirmation of Reinsurance is submitted. CONFIRMATION OF REINSURANCE (continued) For the majority of cases, what remains to be completed is the Policy Data (Pink line down below the middle of the form): Policy Number, Interim Term (if any), Policy Date, Plans of Insurance, Issue Age-basis used, and Mortality Rating for this policy. Any comments you feel might be of help to us in processing and producing a cession can be written under Additional Information. The risk, premium and commission schedule is intended only for those Clients whose practice it has been to furnish us with this information and need not be completed if NARe is expected to provide calculations. It has a double heading, check type of reinsurance YRT or CO-MODCOINSURANCE. Complete information according to headings on line under type of reinsurance checked and specify type of benefits. If other headings are needed, change pre-printed headings to apply.