Common use of CONVENTIONAL UNDERWRITING Clause in Contracts

CONVENTIONAL UNDERWRITING. Automatic reinsurance applies only to insurance applications underwritten by the Ceding Company with conventional underwriting and issue practices which are consistently applied. Conventional underwriting and issue practices are those customarily used and generally accepted by life insurance companies. Some examples of non-customary underwriting practices which are not accepted for automatic reinsurance under this Agreement are guaranteed issue, any form of simplified underwriting, short-form applications, any form of non-customary nonmedical underwriting limits, or internal or external policy exchanges that do not require conventional underwriting. An example of an unacceptable issue practice is the issuance of a policy with contestability and suicide clauses with time limitations that are shorter than the maximum allowed by state law.

CONVENTIONAL UNDERWRITING. Automatic reinsurance applies only to insurance applications underwritten by the Ceding Company with conventional underwriting and issue practices which that are consistently applied. Conventional underwriting and issue practices are those customarily used and generally accepted by life insurance companies. Some examples of non-customary underwriting practices which that are not accepted for automatic reinsurance under this Agreement are guaranteed issue, any form of simplified underwriting, short-form applications, any form of non-customary nonmedical non-medical underwriting limits, or internal or external policy exchanges that do not require conventional underwriting. An example of an unacceptable issue practice is the issuance of a policy with that has contestability and or suicide clauses with time limitations that are shorter than the maximum allowed by state law.

CONVENTIONAL UNDERWRITING. Automatic reinsurance applies only to insurance applications underwritten by the Ceding Company FORTIS BENEFITS with conventional underwriting and issue practices which that are consistently applied. Conventional underwriting and issue practices are those customarily used and generally accepted by life insurance companies. Some examples of non-customary underwriting practices which that are not accepted for automatic reinsurance under this Agreement are guaranteed issue, any form of simplified underwriting, short-form applications, any form of non-customary nonmedical non-medical underwriting limits, or internal or external policy exchanges that do not require conventional underwriting. An example of an unacceptable issue practice is the issuance of a policy with that has contestability and or suicide clauses with time limitations that are shorter than the maximum allowed by state law.