Exchanges and Replacements. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, standards and procedures for exchanges and replacements. If the Ceding Company's guidelines treat the policy as new business, then the reinsurance will also be considered new business. For purposes of this Article, new business is defined as those policies on which: a. the Ceding Company has obtained complete and current underwriting evidence on the full amount; and b. the full normal commissions are paid for the new plan; and
Appears in 3 contracts
Samples: Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account), Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account), Automatic Self Administered Yrt Reinsurance Agreement (American National Variable Life Separate Account)
Exchanges and Replacements. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company Company, through the Administrator, in accordance with its underwriting guidelines, standards and procedures for exchanges and replacements. If the Ceding Company's ’s guidelines treat the policy as new business, then the reinsurance will also be considered new business. For purposes of this Article, new business is defined as those policies on which:
a. (a) the Ceding Company Company, through the Administrator, has obtained complete and current underwriting evidence on the full amount; and
b. (b) the full normal commissions are paid by the Ceding Company, through the Administrator, for the new plan; and
Appears in 2 contracts
Samples: Automatic Yrt Second Excess Reinsurance Agreement (First Trinity Financial CORP), Automatic Yrt Reinsurance Agreement (First Trinity Financial CORP)
Exchanges and Replacements. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, standards and procedures for exchanges and replacements. If the Ceding Company's ’s guidelines treat the policy as new business, then the reinsurance will also be considered new business. For purposes of this Article, new business is defined as those policies on which:
a. (a) the Ceding Company has obtained complete and current underwriting evidence on the full amount; and
b. (b) the full normal commissions are paid by the Ceding Company for the new plan; and
Appears in 2 contracts
Samples: Reinsurance Agreement (Symetra Separate Account Sl), Automatic Excess Yrt and Facultative Reinsurance Agreement (Farm Bureau Life Variable Account)
Exchanges and Replacements. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, standards and procedures for exchanges and replacements. If the Ceding Company's guidelines treat the policy as new business, then the reinsurance will also be considered new business. For purposes of this Article, new business is defined as those policies on which:
a. (a) the Ceding Company has obtained complete and current underwriting evidence on the full amount; and
b. (b) the full normal commissions are paid by the Ceding Company for the new plan; and
Appears in 1 contract
Samples: Automatic and Facultative Yrt Reinsurance Agreement (Nationwide VL Separate Account-G)
Exchanges and Replacements. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, standards and procedures for exchanges and replacements. If the Ceding Company's ’s guidelines treat the policy as new business, then the reinsurance will also be considered new business. For purposes of this Article, new business is defined as those policies on which:
a. (a) the Ceding Company has obtained complete and current underwriting evidence on the full amount; and
b. the full normal commissions are paid for the new plan; and
Appears in 1 contract
Samples: Automatic Yrt Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1)
Exchanges and Replacements. A policy Policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, standards Underwriting Guidelines and procedures for exchanges and replacementsCER Guidelines. If the Ceding Company's guidelines ’s CER Guidelines treat the policy Policy as new businessNew Business, then the reinsurance will also be considered new business. For purposes of this Article, new business is defined as those policies on which:
a. New Business if the Ceding Company has obtained complete and current underwriting evidence on Policy meets the full amount; and
b. the full normal commissions are paid requirements for the new plan; andNew Business set forth in Section
Appears in 1 contract
Samples: Reinsurance Agreement (Ameritas Variable Separate Account V)
