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: 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 (Nationwide Provident Vli Separate Account 1)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Reinsurance Agreement (Llac Variable Account)

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

Samples: Reinsurance Agreement (Carillon Life Account)

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)

AutoNDA by SimpleDocs

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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!