Common use of Facultative Clause in Contracts

Facultative. On facultative reinsurance, if Ceding Company wishes to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement.

Appears in 13 contracts

Samples: Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I)

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Facultative. On facultative reinsurance, if Ceding Company wishes to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement.. ARTICLE VII

Appears in 1 contract

Samples: Automatic Yearly Renewable Term (Itt Hartford Life & Annuity Insurance Co Separate Acct Vl Ii)

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