Common use of Increases Clause in Contracts

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the Reinsurer, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 4 contracts

Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

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Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall will be automatically accepted by the Reinsurer, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance The reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 2 contracts

Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Llac Variable Account)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, and increases are scheduled and known at issue, then the increase shall will be automatically accepted by the Reinsurer, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification. Other increases not subject to new underwriting evidence are not allowed under this Agreement.

Appears in 1 contract

Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Carillon Life Account)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the Reinsurer, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Automatic Reinsurance Agreement (Union Security Insurance Co Variable Account C)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the ReinsurerSECURITY, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Automatic Reinsurance Agreement (Union Security Insurance Co Variable Account C)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled administered the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the Reinsurer, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification. Other increases not subject to new underwriting evidence are not allowed under this Agreement.

Appears in 1 contract

Samples: Term Reinsurance Agreement (Farmers Variable Life Separate Account A)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall will be automatically accepted by the ReinsurerSECURITY, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance The reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Automatic and Facultative Reinsurance Agreement (Union Security Insurance Co Variable Account C)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the Reinsurer, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Renewable Term Reinsurance Agreement (National Variable Life Insurance Account)

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Increases. If life insurance on a reinsured policy Reinsured Policy is increased and the increase is subject to a new underwriting evidencereview, then the increase of life insurance on the reinsured policy Reinsured Policy will be handled the same fashion as the issuance of a new policy. If the increase is not subject to a new underwriting evidencereview, then the increase shall be automatically accepted by the Reinsurer, but it is REINSURER. Such an increase may not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates for an increase will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Reinsurance Agreement (Bma Variable Life Account A)

Increases. If life like insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the Reinsurer, ____ but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Reinsurance Agreement (National Variable Life Insurance Account)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the ReinsurerREINSURER, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Automatic and Facultative Reinsurance Agreement (Llac Variable Account)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the Reinsurer, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Allianz Life. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Automatic Reinsurance Agreement (Thrivent Variable Life Account 1)

Increases. If life insurance on a reinsured policy is increased and the increase is subject to new underwriting evidence, then the increase of life insurance on the reinsured policy will be handled the same as the issuance of a new policy. If the increase is not subject to new underwriting evidence, then the increase shall be automatically accepted by the ReinsurerSECURITY, but it is not to exceed the Automatic Acceptance Limits shown in Schedule A. Reinsurance rates will be based on the original issue age, duration since issuance of the original policy and the original underwriting classification.

Appears in 1 contract

Samples: Automatic and Facultative Reinsurance Agreement (Life Insurance Separate Account of Usaa Life Insurance Co)

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