Facultative Submissions. The Company will apply for reinsurance on a facultative basis by sending to the Reinsurer an Application for Reinsurance, a sample of which is included as Exhibit B. Accompanying this Application for Reinsurance will be copies of all underwriting evidence that is available for risk assessment. Any subsequent information received by the Company that is pertinent to the risk assessment will be transmitted to the Reinsurer immediately. After consideration of the Application for Reinsurance and related papers, the Reinsurer will promptly inform the Company of its underwriting decision. If the underwriting decision is acceptable to the Company and the Company's policy is subsequently placed in force in accordance with the issue rules provided to the Reinsurer, the Company will duly notify the Reinsurer according to the terms outlined in Exhibit F. The Company will advise the Reinsurer in writing if the Application for Reinsurance is not to be placed with the Reinsurer.
Appears in 8 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Automatic Self Administered Yrt Reinsurance Agreement (American Family Variable Account I), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
Facultative Submissions. The Company will apply for reinsurance on a facultative basis by sending to the Reinsurer an Application for Reinsurance, a sample of which is included as Exhibit B. Accompanying this Application for Reinsurance will be copies of all underwriting evidence that is available for risk assessment. Any subsequent information received by the Company that is pertinent to the risk assessment will be transmitted to the Reinsurer immediately. After consideration of the Application for Reinsurance and related papers, the Reinsurer Reinsurers will promptly inform the Company of its underwriting decision. If the underwriting decision is acceptable to the Company and the Company's policy is subsequently placed in force in accordance with the issue rules provided to the Reinsurer, the Company will duly notify the Reinsurer according to the terms outlined outlines in Exhibit F. The Company will advise the Reinsurer in writing if the Application for Reinsurance is not to be placed with the Reinsurer.
Appears in 3 contracts
Samples: Reinsurance Agreement (Llac Variable Account), Reinsurance Agreement (Llac Variable Account), Reinsurance Agreement (Llac Variable Account)
