Common use of FACULTATIVE REINSURANCE Clause in Contracts

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s offer for facultative reinsurance or that no offer will be made. THE REINSURER’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit the following: a. A form substantially similar to the “"Application for Reinsurance” " form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s 's reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s 's application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s 's offer for facultative reinsurance or that no offer will be made. THE REINSURER’s 's offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s 's offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide mail as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s 's offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s offer for facultative reinsurance or that no offer will be made. THE REINSURER’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.. YRT-VUL 2008-2008-SGL(TX)-PICA

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s offer for facultative reinsurance or that no offer will be made. THE REINSURER’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide as soon as possible send an email notification to THE REINSURER. In addition, a formal reinsurance cession to THE REINSURER cession, using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. F, will be faxed to THE REINSURER as soon as possible after the policy has been issued. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY The Ceding Company may apply for facultative reinsurance with THE REINSURER the Reinsurer on a risk if the automatic reinsurance terms are not met met, or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To If the Ceding Company wishes to obtain a facultative reinsurance quote from other reinsurers on a risk eligible for automatic reinsurance, the risk will also be submitted to the Reinsurer for a facultative offer. The following items must be submitted to obtain a facultative quote, THE COMPANY must submit the following: a. A form substantially similar to the Reinsurer’s “Application for Reinsurance” form shown in Schedule E.D. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY the Ceding Company regarding the insurability of the risk. c. The initial and ultimate risk amounts requested. After receipt of THE COMPANYthe Ceding Company’s application, THE REINSURER the Reinsurer will promptly examine the material materials and notify THE COMPANY the Ceding Company either of the terms and conditions of THE REINSURERthe Reinsurer’s offer for facultative reinsurance or that no offer will be made. THE REINSURERThe Reinsurer’s offer expires 120 days after the offer is made made, unless the written offer specifically states otherwise. If THE COMPANY the Ceding Company accepts THE REINSURERthe Reinsurer’s offer, then THE COMPANY the Ceding Company will make a dated notation of note its acceptance in its underwriting file and provide mail, as soon as possible but no later than 90 days, a formal reinsurance cession to THE REINSURER the Reinsurer using a form substantially similar to the “Notification of Reinsurance Reinsurance” form shown in Schedule F. D. If THE COMPANY the Ceding Company does not accept THE REINSURERthe Reinsurer’s offer, then THE COMPANY the Ceding Company will notify THE REINSURER the Reinsurer in writing writing, as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s offer for facultative reinsurance or that no offer will be made. An offer may be made for any amount up to the amount applied for by THE COMPANY and at the rating class determined by THE REINSURER. THE REINSURER’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s Y-MPVUL-2005-GEN-M-PLAZ offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY PRUCO may apply for facultative reinsurance with THE REINSURER ANNUITY & LIFE RE on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY PRUCO must submit the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY PRUCO regarding the insurability of the risk. After receipt of THE COMPANYPRUCO’s application, THE REINSURER ANNUITY & LIFE RE will promptly examine the material and notify THE COMPANY PRUCO either of the terms and conditions of THE REINSURERANNUITY & LIFE RE’s offer for facultative reinsurance or that no offer will be made. THE REINSURERANNUITY & LIFE RE’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY PRUCO accepts THE REINSURERANNUITY & LIFE RE’s offer, then THE COMPANY PRUCO will make a dated notation of its acceptance in its underwriting file and provide mail as soon as possible a formal reinsurance cession to THE REINSURER ANNUITY & LIFE RE using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY PRUCO does not accept THE REINSURERANNUITY & LIFE RE’s offer, then THE COMPANY PRUCO will notify THE REINSURER ANNUITY & LIFE RE in writing as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit the following: a. A form substantially similar to the “"Application for Reinsurance” " form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s 's reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s 's application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s 's offer for facultative reinsurance or that no offer will be made. THE REINSURER’s 's offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s 's offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide mail as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s 's offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit submit, or cause to be submitted, the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, attending physician’s statement, inspection records and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. c. Any subsequent information received by THE COMPANY that is pertinent to the risk assessment will be promptly transmitted to THE REINSURER. After receipt of THE COMPANY’s application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s offer for facultative reinsurance or that no offer will be made. THE REINSURER’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide mail as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY The Ceding Company may apply for facultative reinsurance with THE REINSURER the Reinsurer on a risk if the automatic reinsurance terms are not met met, or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To If the Ceding Company wishes to obtain a facultative reinsurance quote from other reinsurers on a risk eligible for automatic reinsurance, the risk must also be submitted to the Reinsurer for a facultative offer. The following items must be submitted to obtain a facultative quote, THE COMPANY must submit the following: a. A form substantially similar to the “Reinsurer's "Application for Reinsurance” " form shown in Schedule E.D. b. Copies of the original insurance application, medical examiner’s 's reports, financial information, and all other papers and information obtained by THE COMPANY the Ceding Company regarding the insurability of the risk. c. The initial and ultimate risk amounts requested. After receipt of THE COMPANY’s the Ceding Company's application, THE REINSURER the Reinsurer will promptly examine the material materials and notify THE COMPANY the Ceding Company either of the terms and conditions of THE REINSURER’s the Reinsurer's offer for facultative reinsurance or that no offer will be made. THE REINSURER’s The Reinsurer's offer expires 120 days after the offer is made made, unless the written offer specifically states otherwise. If THE COMPANY the Ceding Company accepts THE REINSURER’s the Reinsurer's offer, then THE COMPANY the Ceding Company will make a dated notation of note its acceptance in its underwriting file and provide mail, as soon as possible but no later than 90 days, a formal reinsurance cession to THE REINSURER the Reinsurer using a form substantially similar to the "Notification of Reinsurance Reinsurance" form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER D Automatic reinsurance rates can be used for facultative business up to the Facultative Rate Limits shown in writing as soon as possible.Section 4 of Schedule B.

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit submit, or cause to be submitted, the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s offer for facultative reinsurance or that no offer will be made. THE REINSURER’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide mail as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY The Ceding Company may apply for facultative reinsurance with THE REINSURER the Reinsurer on a risk if the automatic reinsurance terms are not met met, or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To If the Ceding Company wishes to obtain a facultative reinsurance quote from other reinsurers on a risk eligible for automatic reinsurance, the risk must also be submitted to the Reinsurer for a facultative offer. The following items must be submitted to obtain a facultative quote, THE COMPANY must submit the following: a. A form substantially similar to the Reinsurer’s “Application for Reinsurance” form shown in Schedule E.D. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY the Ceding Company regarding the insurability of the risk. c. The initial and ultimate risk amounts requested. After receipt of THE COMPANYthe Ceding Company’s application, THE REINSURER the Reinsurer will promptly examine the material materials and notify THE COMPANY the Ceding Company either of the terms and conditions of THE REINSURERthe Reinsurer’s offer for facultative reinsurance or that no offer will be made. THE REINSURERThe Reinsurer’s offer expires 120 days after the offer is made made, unless the written offer specifically states otherwise. If THE COMPANY the Ceding Company accepts THE REINSURERthe Reinsurer’s offer, then THE COMPANY the Ceding Company will make a dated notation of note its acceptance in its underwriting file and provide mail, as soon as possible but no later than 90 days, a formal reinsurance cession to THE REINSURER the Reinsurer using a form substantially similar to the “Notification of Reinsurance Reinsurance” form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER D Automatic reinsurance rates can be used for facultative business up to the Facultative Rate Limits shown in writing as soon as possible.Section 4 of Schedule B.

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit submit, or cause to be submitted, the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s offer for facultative reinsurance or that no offer will be made. THE REINSURER’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide mail as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible. THE REINSURER’s offer will not be deemed accepted until written acceptance from THE COMPANY is actually received by THE REINSURER and THE REINSURER has acknowledged receipt of such acceptance.

FACULTATIVE REINSURANCE. THE COMPANY The Ceding Company may apply for facultative reinsurance with THE REINSURER the Reinsurer on a risk if the automatic reinsurance terms are not met met, or if the terms are met and THE COMPANY it prefers to apply for facultative reinsurance. To If the Ceding Company wishes to obtain a facultative reinsurance quote from other reinsurers on a risk eligible for automatic reinsurance, the risk must also be submitted to the Reinsurer for a facultative offer. The following items must be submitted to obtain a facultative quote, THE COMPANY must submit the following: a. A form substantially similar to the Reinsurer’s “Application for Reinsurance” form shown in Schedule E.D. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY the Ceding Company regarding the insurability of the risk. c. The initial and ultimate risk amounts requested. After receipt of THE COMPANYthe Ceding Company’s application, THE REINSURER the Reinsurer will promptly examine the material materials and notify THE COMPANY the Ceding Company either of the terms and conditions of THE REINSURERthe Reinsurer’s offer for facultative reinsurance or that no offer will be made. THE REINSURERThe Reinsurer’s offer expires 120 days after the offer is made made, unless the written offer specifically states otherwise. If THE COMPANY the Ceding Company accepts THE REINSURERthe Reinsurer’s offer, then THE COMPANY the Ceding Company will make a dated notation of note its acceptance in its underwriting file and provide mail, as soon as possible but no later than 90 days, a formal reinsurance cession to THE REINSURER the Reinsurer using a form substantially similar to the “Notification of Reinsurance Reinsurance” form shown in Schedule F. D. If THE COMPANY the Ceding Company does not accept THE REINSURERthe Reinsurer’s offer, then THE COMPANY the Ceding Company will notify THE REINSURER the Reinsurer in writing writing, as soon as possible.

FACULTATIVE REINSURANCE. THE COMPANY may apply for facultative reinsurance with THE REINSURER on a risk if the automatic reinsurance terms are not met or if the terms are met and THE COMPANY prefers to apply for facultative reinsurance. To obtain a facultative reinsurance quote, THE COMPANY must submit the following: a. A form substantially similar to the “Application for Reinsurance” form shown in Schedule E. b. Copies of the original insurance application, medical examiner’s reports, financial information, and all other papers and information obtained by THE COMPANY regarding the insurability of the risk. After receipt of THE COMPANY’s application, THE REINSURER will promptly examine the material and notify THE COMPANY either of the terms and conditions of THE REINSURER’s offer for facultative reinsurance or that no offer will be made. An offer may be made for any amount up to the amount applied for by THE COMPANY and at the rating class determined by THE REINSURER. THE REINSURER’s offer expires 120 days after the offer is made unless the written offer specifically states otherwise. If THE COMPANY accepts THE REINSURER’s offer, then THE COMPANY will make a dated notation of its acceptance in its underwriting file and provide as soon as possible a formal reinsurance cession to THE REINSURER using a form substantially similar to the Notification of Reinsurance form shown in Schedule F. If THE Y-MPVUL-2005-GEN-P-PLAZ COMPANY does not accept THE REINSURER’s offer, then THE COMPANY will notify THE REINSURER in writing as soon as possible.