Exchanges and Replacements. The Reinsurer will consider exchanges and replacements to the plans reinsured under this Agreement. First-year premium calculations will apply to any policy on which: 1. the Company has obtained complete and current underwriting evidence on the full amount; and 2. the full normal commissions are paid for the new plan; and 3. the Suicide and Contestable provisions apply as if the policy were newly issued. Reinsurance premiums shall be the agreed upon exchange premiums. 11/13/01 7 of 24
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Samples: Reinsurance Agreement (Nationwide Provident Vli Separate Account 1)
Exchanges and Replacements. The Reinsurer will consider exchanges and replacements to the plans reinsured under this Agreementagreement. First-year premium calculations will apply to any policy on which:
1. the The Company has obtained complete and current underwriting evidence on the full amount; and
and 2. the full normal commissions are paid for the new plan; and
and 3. the Suicide and Contestable provisions apply as if the policy were newly issued. Reinsurance premiums shall be the agreed upon exchange premiums. 11/13/01 7 of 24.
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Exchanges and Replacements. The Reinsurer will consider exchanges and replacements to the plans reinsured under this Agreementagreement. First-year premium calculations will apply to any policy on which:
1. the The Company has obtained complete and current underwriting evidence on the full amount; and
and 2. the full normal commissions are paid for the new plan; and
and 3. the Suicide and Contestable provisions apply as if the policy were newly issued. Reinsurance premiums shall be the agreed upon exchange premiums. 11/13/01 7 of 24GENERAL & COLOGNE LIFE RE OF AMERICA
Appears in 1 contract
Exchanges and Replacements. The Reinsurer will consider exchanges and replacements to the plans reinsured under this Agreement. First-year premium calculations will apply to any policy on which:
1. the Company has obtained complete and current underwriting evidence on the full amount; and
2. the full normal commissions are paid for the new plan; and
3. the Suicide and Contestable provisions apply as if the policy were newly issued. Reinsurance premiums shall be the agreed upon exchange premiums. 11/13/01 02/26/02 7 of 24
Appears in 1 contract
Samples: Reinsurance Agreement (Nationwide Provident Vli Separate Account 1)
Exchanges and Replacements. The Reinsurer will consider exchanges and replacements to the plans reinsured under this Agreement. First-year premium calculations will apply to any policy on which:
1. the Company has obtained complete and current underwriting evidence on the full amount; and
2. the full normal commissions are paid for the new plan; and
3. the Suicide and Contestable provisions apply as if the policy were newly issued. Reinsurance premiums shall be the agreed upon exchange premiums. 11/13/01 7 of 24.
Appears in 1 contract
Samples: Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)