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.
Appears in 4 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
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.
Appears in 1 contract
Samples: Reinsurance Agreement (National Variable Life Insurance Account)
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.
Appears in 1 contract
Samples: Renewable Term Reinsurance Agreement (National Variable Life Insurance Account)
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.
Appears in 1 contract
Samples: Reinsurance Agreement (Bma Variable Life Account A)
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.
Appears in 1 contract
Samples: Automatic and Facultative Reinsurance Agreement (Llac Variable Account)
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)
Appears in 1 contract
Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Carillon Life Account)
