FOREIGN RESIDENCE EXCLUSIONS. Non-US/Canadian residents will be excluded from automatic reinsurance and handled on a facultative basis if the following conditions apply: o The amount of insurance is in excess of $1 million and o Residence is in a "C" or "D" rated country.
Appears in 4 contracts
Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)
FOREIGN RESIDENCE EXCLUSIONS. Non-US/Canadian residents will be excluded from automatic reinsurance and handled on a facultative basis if the following conditions apply: o • The amount of insurance is in excess of $1 million and o • Residence is in a "“C" ” or "“D" ” rated country.
Appears in 2 contracts
Samples: Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account)
