Common use of FACULTATIVE OBLIGATORY REINSURANCE Clause in Contracts

FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforce. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 2 contracts

Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), The Agreement (Pruco Life Variable Universal Account)

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FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA SWISS RE by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforcetelephone. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 1 contract

Samples: Automatic and Facultative (Pruco Life Variable Universal Account)

FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA ANNUITY & LIFE RE by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforcetelephone. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 1 contract

Samples: The Agreement (Pruco Life Variable Universal Account)

FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA TOLIC by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforce. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 1 contract

Samples: Automatic and Facultative (Pruco Life Variable Universal Account)

FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA ANNUITY & LIFE RE by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforcetelephone. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 1 contract

Samples: Automatic and Facultative (Pruco Life Variable Universal Account)

FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA MUNICH by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforcetelephone. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 1 contract

Samples: The Agreement (Pruco Life Variable Universal Account)

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FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA SWISS RE by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforcetelephone. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 1 contract

Samples: The Agreement (Pruco Life Variable Universal Account)

FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforce. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 1 contract

Samples: Automatic and Facultative (Pruco Life Variable Universal Account)

FACULTATIVE OBLIGATORY REINSURANCE. When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA TOLIC by facsimile. The request will include the name of the insured, date of birth, ceding company, amount applied for and amount inforce. If PRUCO reserves capacity and the policy is issued, PRUCO must submit a form substantially similar to the "Notification of Reinsurance" form shown in Schedule F.

Appears in 1 contract

Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)

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