Forms, Manuals, Issue Rules Sample Clauses
The 'Forms, Manuals, Issue Rules' clause establishes the requirement for parties to use specific documents, procedures, or guidelines as part of their contractual relationship. In practice, this clause may mandate adherence to certain forms for reporting, compliance with operational manuals, or following established rules for issuing instructions or documentation. Its core function is to ensure consistency and clarity in how information is communicated and actions are carried out, reducing misunderstandings and standardizing processes between the parties.
Forms, Manuals, Issue Rules. The Company affirms that its retention schedule, underwriting rules, issue rules, premium rates and policy forms applicable to the Reinsured Policies and in use as of the effective date of this Agreement have been supplied to the Reinsurer as listed in Exhibit A-2; that it has fully disclosed all material facts regarding the business reinsured hereunder. The Company will notify the Reinsurer of any proposed material changes in its retention schedule and/or underwriting and issue rules and/or premium rates and/or policy forms. This Agreement will not extend to policies issued pursuant to such changes unless the Reinsurer has consented in writing to accept policies subject to such changes. It is the Company's responsibility to ensure that the applicable forms are in compliance with current Medical Information Bureau (M.I.B.) regulations.
Forms, Manuals, Issue Rules. The Ceding Company affirms that its retention schedule, underwriting guidelines, issue rules, premium rates, policy forms, and normal standards and guidelines relating to exchanges and replacements applicable to the Reinsured Policies and in use as of the effective date, have been supplied to MARC. It is the Ceding Company’s responsibility to ensure that its practice and applicable forms are in compliance with current Medical Information Bureau (MIB) guidelines.
Forms, Manuals, Issue Rules. The Ceding Company affirms that its retention schedule, underwriting guidelines (Swiss Manual), issue rules and policy forms applicable to the reinsured Policies and in use as of the effective date, have been disclosed or supplied to the Reinsurer. The Ceding Company will promptly notify the Reinsurer of any proposed material changes in its underwriting guidelines. This Agreement will not extend to policies issued pursuant to such changes unless the Reinsurer has consented in writing to accept policies subject to such changes.
Forms, Manuals, Issue Rules. The Ceding Company affirms that its retention schedule, underwriting guidelines, issue rules, premium rates and policy forms applicable to the Reinsured Policies and in use as of the effective date, have been supplied to the Reinsurer. The Ceding Company will promptly notify the Reinsurer of any proposed material changes in its underwriting guidelines. This Agreement will not extend to policies issued pursuant to such changes unless the Reinsurer has consented in writing to accept policies subject to such changes. It is the Ceding Company's responsibility to ensure that its practice and applicable forms are in compliance with current Medical Information Bureau (MIB) guidelines.
Forms, Manuals, Issue Rules. Except as otherwise provided in this Agreement, the reinsurance ceded hereunder shall be subject to the same terms, conditions, limitations and restrictions as those contained in the Policy issued by the CEDING COMPANY. FNWL Agreement No. 07-003a-TL Page 4 Coverage Effective 9-01-08
Forms, Manuals, Issue Rules. It is the Company's obligation to ensure that business ceded under this Agreement does not deviate from the underwriting criteria:
a. The Preferred Criteria for business ceded under this Agreement is included Exhibit 0.
b. The Age and Amount requirements for business ceded under this agreement are included in Exhibit E.
c. The Underwriting Manual used for the classification or risk business ceded under this agreement is Swiss Re.
d. The application for insurance and conditional receipt or temporary insurance agreement is included in Exhibit F.
e. The Table C-to-Standard Guidelines is Exhibit G. The Company warrants that its retention schedule, Age and Amount requirements, Preferred Criteria, Underwriting Manual, premium rates and policy forms applicable to the reinsured policies and in use as of the effective date of this agreement have been supplied to the Reinsurer. If the Underwriting Manual has not been supplied, the company will inform the Reinsurer of the manual in use. The Company will promptly notify the Reinsurer of any proposed changes to the above or any changes that will alter the risk profile of business reinsured under this Agreement This Agreement will not extend to any policies issued pursuant to any changes unless the Reinsurer has consented in writing to accept policies to such changes. This Agreement will not provide automatic reinsurance where a policy has been issued contrary to the agreed upon underwriting criteria. The following list is meant to provide examples, but is not intended to be all-inclusive:
a. The risk should have been declined, postponed, or additional information obtained based on the underwriting manual cited above,
b. A risk that exceeds the agreed upon limits or capacity,
c. Not obtaining Age and Amount requirements,
d. Reducing ratings outside approved guidelines. If a policy is issued at a premium rate different from the agreed upon Underwriting guidelines then: Absent any knowledge by the company of a claim on the policy, the Reinsurer will receive the appropriate premium, based on the appropriate underwriting rate per the agreed upon underwriting guidelines. The Reinsurer's liability remains unchanged. In all other cases, the Reinsurer's liability will be reduced to the same proportion as in the reinsurance premiums credited to the Reinsurer bears to the reinsurance premiums based on the appropriate underwriting rating per the agreed upon underwriting guidelines.
Forms, Manuals, Issue Rules. Cedent affirms that it has furnished Reinsurer with copies of all relevant information concerning the life insurance reinsured hereunder as requested by Reinsurer. It is Cedent’s responsibility to ensure that its practice and applicable forms are in compliance with current Medical Information Bureau (MIB) guidelines. The parties affirm that they have and will continue to disclose all matters material to this Agreement. Examples of such matters include a material change in Cedent’s underwriting, claims or issue practices or philosophy, or a change in either party’s ownership or control.
Forms, Manuals, Issue Rules. The Ceding Company affirms that its retention schedule, underwriting guidelines, issue rules, premium rates and policy forms applicable to the Reinsured Policies and in use as of the effective date, have been supplied to IHLIC. It is the Ceding Company’s responsibility to ensure that its practice and applicable forms are in compliance with current Medical Information Bureau (MIB) guidelines.
Forms, Manuals, Issue Rules. The Ceding Company affirms that its retention schedule, underwriting guidelines, issue rules, premium rates, policy forms, claims management guidelines and normal standards and guidelines relating to exchanges and replacements applicable to the Reinsured Policies and in use as of the effective date, have been supplied to XXXX. The parties will continue to disclose all matters material to this Agreement. Examples of such matters include a material change in the Cedent’s underwriting, claims or issue practices or philosophy, or a change in either party’s ownership or control. It is the Ceding Company’s responsibility to ensure that its practice and applicable forms are in compliance with current Medical Information Bureau (MIB) guidelines.