Common use of FACULTATIVE REINSTATEMENT Clause in Contracts

FACULTATIVE REINSTATEMENT. If the Ceding Company has been requested to reinstate a policy that was originally ceded to the Reinsurer as facultative reinsurance, the Ceding Company will resubmit the case to the Reinsurer for underwriting approval before the reinsurance can be reinstated.

Appears in 7 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Reinsurance Agreement (Kansas City Life Insurance Co)

AutoNDA by SimpleDocs

FACULTATIVE REINSTATEMENT. If the Ceding Company has been requested to reinstate a policy that was originally ceded to the Reinsurer as facultative reinsurance, then the Ceding Company will resubmit again submit the case to the Reinsurer for underwriting approval before the reinsurance can be reinstated.

Appears in 6 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)

FACULTATIVE REINSTATEMENT. If the Ceding Company THE COMPANY has been requested to reinstate a policy that was originally ceded to the Reinsurer THE REINSURER as facultative reinsurancereinsurance and the reinstatement is processed under THE COMPANY’s Long Form Reinstatement Process, then THE COMPANY will re-submit the Ceding Company will resubmit appropriate evidence for the case to the Reinsurer THE REINSURER for underwriting approval before the reinsurance can be reinstated.

Appears in 4 contracts

Samples: Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account)

FACULTATIVE REINSTATEMENT. If the Ceding Company has been requested to reinstate a policy that was originally ceded to the Reinsurer as facultative reinsurance, and the Ceding Company requires underwriting approval prior to reinstatement, then the Ceding Company will resubmit the case to the Reinsurer for underwriting approval before the reinsurance can be reinstated.

Appears in 4 contracts

Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Carillon Life Account)

AutoNDA by SimpleDocs

FACULTATIVE REINSTATEMENT. If the Ceding Company CEDING COMPANY has been requested to reinstate a policy that was originally ceded to the Reinsurer REINSURER as facultative reinsurance, then the Ceding Company CEDING COMPANY will resubmit again submit the case to the Reinsurer REINSURER for underwriting approval before the reinsurance can be reinstated.

Appears in 1 contract

Samples: Automatic and Facultative Reinsurance Agreement (Llac Variable Account)

FACULTATIVE REINSTATEMENT. If the Ceding Company CEDING COMPANY has been requested to reinstate a policy that was originally ceded to the Reinsurer SECURITY as facultative reinsurance, the Ceding Company then CEDING COMPANY will resubmit again submit the case to the Reinsurer SECURITY for underwriting approval before the reinsurance can be reinstated.

Appears in 1 contract

Samples: Automatic and Facultative Reinsurance Agreement (Life Insurance Separate Account of Usaa Life Insurance Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!