Common use of Facultative Cessions Clause in Contracts

Facultative Cessions. The Ceding Company has the option to, in accordance with the provisions of this Article, facultatively submit to the Reinsurer any Policy that is not obligatorily ceded under the provisions of Article I; provided that the provisions of Sections A through E below are met. In addition, there is no limitation on the Ceding Company's right to submit a case facultatively to other reinsurers.

Appears in 9 contracts

Samples: Reinsurance Agreement (General American Life Insurance Co Separate Account Eleven), Reinsurance Agreement (Metropolitan Life Separate Account Ul), Reinsurance Agreement (Metlife Investors Variable Life Account Five)

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Facultative Cessions. The Ceding Company has the option to, in accordance with the provisions of this Article, facultatively submit to the Reinsurer any Policy that is not obligatorily ceded under the provisions of Article I; , provided that the provisions of Sections A through E D below are met. In addition, there is no limitation on the Ceding Company's right to submit a case facultatively to other reinsurers.

Appears in 1 contract

Samples: Reinsurance Agreement (Metropolitan Life Separate Account UL)

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Facultative Cessions. The Ceding Company has the option to, in accordance with the provisions of this Article, facultatively submit to the Reinsurer any Policy that is not obligatorily ceded under the provisions of Article I; provided that the provisions of Sections A through E below are met. In addition, there is no limitation on the Ceding Company's right to submit a case facultatively to other reinsurers.that:

Appears in 1 contract

Samples: Master Agreement (New England Variable Life Separate Account)

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