Common use of Exchanges and Replacements Clause in Contracts

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:

Appears in 4 contracts

Samples: Reinsurance Agreement (Nationwide VLI Separate Account-7), The Agreement (Llac Variable Account), The Agreement (Llac Variable Account)

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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:

Appears in 3 contracts

Samples: The Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co), Automatic Yearly Renewable Term Reinsurance Agreement (Nationwide Provident Vli Separate Account 1), Automatic Yearly Renewable Term Reinsurance Agreement (Nationwide Provident Vli Separate Account 1)

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