Common use of FACULTATIVE REINSTATEMENT Clause in Contracts

FACULTATIVE REINSTATEMENT. If PRUCO has been requested to reinstate a policy that was originally ceded to AUSA as facultative reinsurance and the reinstatement is processed under PRUCO's Long Form Reinstatement Process, then PRUCO will re-submit the appropriate evidence for the case to AUSA for underwriting approval before the reinsurance can be reinstated.

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 REINSTATEMENT. If PRUCO has been requested to reinstate a policy that was originally ceded to AUSA SWISS RE as facultative reinsurance and the reinstatement is processed under PRUCO's Long Form Reinstatement Process, then PRUCO will re-submit the appropriate evidence for the case to AUSA SWISS RE for underwriting approval before the reinsurance can be reinstated.

Appears in 1 contract

Samples: The Agreement (Pruco Life Variable Universal Account)

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

Appears in 1 contract

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

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