Increases or Decreases. 1. If the policy face amount of a risk reinsured automatically under this Agreement increases and:
a. The increase is subject to new underwriting evidence, then the provisions of Article II, Section A, shall apply to the increase in reinsurance.
b. The increase is not subject to new underwriting evidence, then Reinsurer will accept automatically the increase in reinsurance but not to exceed the automatic binding limit.
2. If the policy face amount increases, the Ceding Company's retention will be filled first, then any remaining risk of the increase will be ceded to the Reinsurer as of the effective date of the increase. If the policy face amount is reduced, the reinsurance will be reduced first, thereby maintaining the Ceding Company's retention. Reinsurer will refund to Ceding Company all unearned reinsurance premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in this Article.
3. In the event of a reduction in the face amount of a policy which was ceded facultatively, the Reinsurer's percentage of the reduced face amount should be the same percentage of the initial reinsurance ceded.
4. Increases in face amount of policies reinsured on a facultative basis, will be submitted to the Reinsurer for acceptance.
Increases or Decreases. 1. If the policy face amount of a risk reinsured automatically under this Agreement increases and:
a. The increase is subject to new underwriting evidence, then the provisions of Article II, Section A, shall apply to the increase in reinsurance.
b. The increase is not subject to new underwriting evidence, the Reinsurer will accept the increase in reinsurance at point-in-scale rates but not to exceed the Automatic Binding Limit.
2. If the policy face amount increases, the Ceding Company's retention will be filled first, then any remaining risk of the increase will be ceded to the Reinsurer as of the effective date of the increase. If the policy face amount is reduced, the reinsurance will be reduced first, thereby maintaining the Ceding Company's retention.
3. In the event of a reduction in the face amount of a policy which was ceded facultatively, the Reinsurer's percentage of the reduced face amount shall be the same percentage as set at issue.
4. A request to increase the face amount of policies that are reinsured on a facultative basis will be submitted to the Reinsurer for acceptance.
Increases or Decreases. 1. If the policy face amount of a risk reinsured automatically under this Agreement increases and:
a. The increase is subject to new underwriting evidence, then the provisions of Article II, Section A, shall apply to the increase in reinsurance.
b. The increase is not subject to new underwriting evidence; the Reinsurer will accept the increase in reinsurance at point-in-scale rates but not to exceed the Automatic Binding Limit.
2. If the policy face amount increases, the Ceding Company's retention will be filled first, then any remaining risk of the increase will be ceded to the Reinsurer as of the effective date of the increase. If the policy face amount is reduced, the reinsurance will be reduced first, thereby maintaining the Ceding Company's retention.
Increases or Decreases. 1. In the event of a reduction in the face amount of a policy, the Reinsurer's Fac for Single Life Excess Pool Between HLIC and Canada Life Effective 4/01/2003 percentage of the reduced face amount shall be the same percentage as set at issue.
2. A request to increase the face amount of policies that are reinsured will be submitted to the Reinsurer for acceptance.
Increases or Decreases. The jurisdiction or contracting entity shall be entitled to unilaterally increase or decrease the total amount of the contract up to a TWENTY PER CENT (20%) limit. Where the increase or decrease is essential for the jurisdiction or contracting entity, the TWENTY PER CENT (20 %) can be exceeded and the conformity of the co-contracting party shall be needed. If the compliance is not accepted, no obligation, penalty or fine shall apply to the supplier. In no case the increases or decreases shall exceed the THIRTY FIVE PER CENT (35%) of the total amount of the contract, even with a consent from the co-contracting party.
Increases or Decreases. 1. If the policy face amount of a risk reinsured automatically under this Agreement increases and:
a. The increase is subject to new underwriting evidence, then the provisions of Article II, Section A, shall apply to the increase in reinsurance. Last Survivor Excess Pool Between HLIC and Transamerica Effective 01/01/02
b. The increase is not subject to new underwriting evidence; the Reinsurer will accept the increase in reinsurance at point-in-scale rates but not to exceed the Automatic Binding Limit.
2. If the policy face amount increases, the Ceding Company's retention will be filled first, and then any remaining risk of the increase will be ceded to the Reinsurer as of the effective date of the increase. If the policy face amount is reduced, the reinsurance will be reduced first, thereby maintaining the Ceding Company's retention.
3. In the event of a reduction in the face amount of a policy, which was ceded facultatively, the Reinsurer's percentage of the reduced face amount shall be the same percentage as set at issue.
4. A request to increase the face amount of policies that are reinsured on a facultative basis will be submitted to the Reinsurer for acceptance.
Increases or Decreases to a firm’s time-related costs shall be allowed only if such increase or decrease necessarily and exclusively results from the change or other condition giving rise to entitlement to an equitable adjustment.
Increases or Decreases. Subject to the provisions of Article 4B.1, the number of authorized shares of Common Stock may be increased or decreased (but not below the number of shares of Common Stock then outstanding or reserved for conversion of the outstanding Preferred Stock) by the affirmative vote of the holders of at least two-thirds (66 2/3 %) of the outstanding stock of the Corporation (voting together on an as-if converted basis).
Increases or Decreases in the basic rate of pay which an employee would have received had she been on the job shall not be made effective while she is absent due to leave, accident, sickness or quarantine. Furthermore, wage schedule service credit for each absence due to leave (except for a leave granted under section 32.01, 32.03 or 32.04), sickness or quarantine shall be limited to one month.
Increases or Decreases. 1. If the insurance on a life or joint life subject to this Agreement increases, to the extent possible:
a. the increase shall first be retained by the Ceding Company;
b. the increase shall second be reinsured by the Reinsurer;
c. the increase shall third be reinsured under the Ceding Company's normal excess reinsurance agreements.
2. If the insurance on a life or joint life subject to this Agreement decreases, to the extent possible:
a. the decrease shall first reduce the reinsurance afforded by the Ceding Company's normal excess reinsurance agreements;
b. the decrease shall second reduce the reinsurance afforded by the Reinsurer;
c. the decrease shall third reduce the insurance retained by the Ceding Company.
