Common use of EXTENDED TERM AND REDUCED Clause in Contracts

EXTENDED TERM AND REDUCED. PAID-UP INSURANCE. When a reinsured policy changes to extended term or reduced paid-up insurance, the Ceding Company will notify the Reinsurer of the new amount of reinsurance. Reinsurance rates will remain the same as the rates used for the original policy and will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

EXTENDED TERM AND REDUCED. PAID-UP INSURANCE. When a reinsured policy changes to extended term or reduced paid-up insurance, the Ceding Company CEDING COMPANY will notify the Reinsurer of the new amount of reinsurance. Reinsurance rates will remain the same as the rates used for the original policy and will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

EXTENDED TERM AND REDUCED. PAID-PAID UP INSURANCE. When a reinsured policy changes to extended term or reduced paid-up insurance, the Ceding Company CEDING COMPANY will notify the Reinsurer ____ of the new amount of reinsurance. Reinsurance rates will remain the same as the rates used for the original policy and will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

EXTENDED TERM AND REDUCED. PAID-UP INSURANCE. When a reinsured policy Reinsured Policy changes to "extended term term" or "reduced paid-up up" insurance, the Ceding Company CEDING COMPANY will notify the Reinsurer REINSURER of the new amount of reinsurance. Reinsurance rates will remain the same as the rates used for the original policy and will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

EXTENDED TERM AND REDUCED. PAID-UP INSURANCE. When a reinsured policy changes to extended term or reduced paid-up insurance, the Ceding Company will notify the Reinsurer of the new amount of reinsurance. Reinsurance The reinsurance rates will remain the same as the rates used for the original policy and will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.. 0020-2186 12 YRT (02092001)

EXTENDED TERM AND REDUCED. PAID-UP INSURANCE. When a reinsured policy changes to extended term or reduced paid-up insurance, the Ceding Company CEDING COMPANY will notify the Reinsurer REINSURER of the new amount of reinsurance. Reinsurance rates will remain the same as the rates used for the original policy and will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.