EXCHANGES OR CONVERSIONS. An exchange or conversion is a new policy replacing a policy issued earlier by the Ceding Company or a change in an existing policy that is issued or made either: 1. Under the terms of the original policy, or, 2. Without the same new underwriting information the Ceding Company would obtain in the absence of the original policy, 3. Without a suicide exclusion period, or contestable period of equal duration, to those contained in new issues by the Ceding Company, or
Appears in 9 contracts
Samples: Coinsurance Reinsurance Agreement (Symetra Financial CORP), Reinsurance Treaty (Life Investors Variable Life Account A), Coinsurance Reinsurance Agreement (Symetra Financial CORP)
EXCHANGES OR CONVERSIONS. An exchange or conversion is a new policy replacing a policy issued earlier by the Ceding Company or a change in an existing policy that is issued or made either:
1. Under the terms of the original policyOriginal Policy, or,
2. Without the same new underwriting information the Ceding Company would obtain in the absence of the original policy,
3. Without a suicide exclusion period, or contestable period of equal duration, to those contained in new issues by the Ceding CompanyOriginal Policy, or
Appears in 5 contracts
Samples: Reinsurance Agreement (Thrivent Variable Life Account I), Reinsurance Agreement (Jackson National Separate Account Iv), Reinsurance Agreement (Jackson National Separate Account Iv)
EXCHANGES OR CONVERSIONS. An exchange or conversion is a new policy replacing a policy issued earlier by the Ceding Company or a change in an existing policy that is issued or made either:
1. Under the terms of the original policyOriginal Policy, or,
2. Without the same new underwriting information the Ceding Company would obtain in the absence of the original policy,Original Policy, or
3. Without a suicide exclusion period, or contestable period of equal duration, to those contained in new issues by the Ceding Company, or
Appears in 2 contracts
Samples: Automatic and Facultative Yrt Reinsurance Agreement (Farm Bureau Life Variable Account), Automatic and Facultative Coinsurance Reinsurance Agreement (Cuna Mutual Variable Life Insurance Account)
