Continuations. A new Policy replacing an existing Policy or a change to an existing Policy issued in compliance with the terms of the original Policy or satisfying any one of the following conditions: a. The continuing Policy is issued without the same new underwriting information the Company would normally obtain for a newly issued policy; or b. The continuing Policy is issued without a suicide exclusion or contestable period for the same period of time as those contained in other newly issued policies; or c. The Company does not pay the same commissions to its agent in the first year that it would normally pay for a newly issued policy.
Appears in 2 contracts
Samples: Reinsurance Agreement, Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
Continuations. A new Policy replacing an existing Policy or a change to an existing Policy issued in compliance with the terms of the original Policy or satisfying any one of the following conditions:
a. The : · the continuing Policy is issued without the same new underwriting information the Company would normally obtain for a newly issued policy; or
b. The or · the continuing Policy is issued without a suicide exclusion or contestable period for the same period of time as those contained in other newly issued policies, and this suicide exclusion or contestable period would be permitted by law; or
c. The or · the Company does not pay the same commissions to its agent in the first year that it would normally pay for a newly issued policy.
Appears in 2 contracts
Samples: Reinsurance Agreement (Nationwide VLI Separate Account-7), Reinsurance Agreement (Nationwide VL Separate Account-G)
Continuations. A new Policy replacing an existing Policy or a change to an existing Policy issued in compliance with the terms of the original Policy or satisfying any one of the following conditions:
a. The the continuing Policy is issued without the same new underwriting information the Company would normally obtain for a newly issued policy; or
b. The the continuing Policy is issued without a suicide exclusion or contestable period for the same period of time as those contained in other newly issued policies; or
c. The the Company does not pay the same commissions to its agent in the first year that it would normally pay for a newly issued policy.
Appears in 1 contract
Samples: Modified Coinsurance Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
