Common use of FACULTATIVE OBLIGATORY REINSURANCE Clause in Contracts

FACULTATIVE OBLIGATORY REINSURANCE. ANNUITY & LIFE RE’s reinsurance coverage for any policy that is ceded under the terms of facultative obligatory reinsurance in this Agreement will begin when (1) PRUCO OF NJ accepts ANNUITY & LIFE RE’s offer by making a dated notation of its acceptance in its underwriting file and mailing the “Notification of Reinsurance” form to ANNUITY & LIFE RE and (2) the policy has been issued. In addition, ANNUITY & LIFE RE will be liable for benefits paid under PRUCO OF NJ’s conditional receipt or temporary insurance agreement if the conditions for automatic reinsurance stated in Section 6a, b, e, h, and i of this Agreement are met. ANNUITY & LIFE RE’s liability under PRUCO OF NJ’s conditional receipt or temporary insurance agreement will be limited to the portion of $1,000,000 that is derived as the amount of capacity reserved by PRUCO OF NJ from ANNUITY & LIFE RE divided by the total amount of capacity reserved by PRUCO OF NJ from all reinsurers.

FACULTATIVE OBLIGATORY REINSURANCE. ANNUITY & LIFE RE’s reinsurance coverage for any policy that is ceded under the terms of facultative obligatory reinsurance in this Agreement will begin when (1) PRUCO OF NJ accepts ANNUITY & LIFE RE’s offer by making a dated notation of its acceptance in its underwriting file and mailing the “Notification of Reinsurance” form to ANNUITY & LIFE RE and (2) the policy has been issued. In addition, ANNUITY & LIFE RE will be liable for benefits paid under PRUCO OF NJPRUCO’s conditional receipt or temporary insurance agreement if the conditions for automatic reinsurance stated in Section 6a, b, e, h, and i of this Agreement are met. ANNUITY & LIFE RE’s liability under PRUCO OF NJPRUCO’s conditional receipt or temporary insurance agreement will be limited to the portion of $1,000,000 that is derived as the amount of capacity reserved by PRUCO OF NJ from ANNUITY & LIFE RE divided by the total amount of capacity reserved by PRUCO OF NJ from all reinsurers.

FACULTATIVE OBLIGATORY REINSURANCE. ANNUITY & LIFE RE’s 's reinsurance coverage for any policy that is ceded under the terms of facultative obligatory reinsurance in this Agreement will begin when (1) PRUCO OF NJ accepts ANNUITY & LIFE RE’s 's offer by making a dated notation of its acceptance in its underwriting file and mailing the “"Notification of Reinsurance” " form to ANNUITY & LIFE RE and (2) the policy has been issued. In addition, ANNUITY & LIFE RE will be liable for benefits paid under PRUCO OF NJ’s 's conditional receipt or temporary insurance agreement if the conditions for automatic reinsurance stated in Section 6a, b, e, h, and i of this Agreement are met. ANNUITY & LIFE RE’s 's liability under PRUCO OF NJ’s 's conditional receipt or temporary insurance agreement will be limited to the portion of $1,000,000 that is derived as the amount of capacity reserved by PRUCO OF NJ from ANNUITY & LIFE RE divided by the total amount of capacity reserved by PRUCO OF NJ from all reinsurers.

FACULTATIVE OBLIGATORY REINSURANCE. ANNUITY & LIFE RE’s 's reinsurance coverage for any policy that is ceded under the terms of facultative obligatory reinsurance in this Agreement will begin when (1) PRUCO OF NJ accepts ANNUITY & LIFE RE’s 's offer by making a dated notation of its acceptance in its underwriting file and mailing the “"Notification of Reinsurance” " form to ANNUITY & LIFE RE and (2) the policy has been issued. In addition, ANNUITY & LIFE RE will be liable for benefits paid under PRUCO OF NJ’s PRUCO's conditional receipt or temporary insurance agreement if the conditions for automatic reinsurance stated in Section 6a, b, e, h, and i of this Agreement are met. ANNUITY & LIFE RE’s 's liability under PRUCO OF NJ’s PRUCO's conditional receipt or temporary insurance agreement will be limited to the portion of $1,000,000 that is derived as the amount of capacity reserved by PRUCO OF NJ from ANNUITY & LIFE RE divided by the total amount of capacity reserved by PRUCO OF NJ from all reinsurers.