Issue Dates. New Policies issued on or after July 1, 2001 Contractholders may, at their sole discretion, elect, revoke or make changes to their contract within sixty (60) days (hereinafter known as the 60-day window) of the contract issue date. The election or termination of any optional rider within the 60-day window will be retroactive to date of issue, and will be covered under this Agreement. All reinsurance premiums and claims will be trued up accordingly. The CEDING COMPANY will identify the policies covered under the 60-day window by submitting policyholder information on a separate data form. The CEDING COMPANY does not plan to market or develop a program highlighting this 60-day window. (Note: A maximum of 15% of contracts reported in any month will be covered under the 60-day window for contracts that have passed their statutory free-look period. There will be no limit for contracts that are still within their statutory free-look period.
Appears in 3 contracts
Samples: Automatic Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H), Automatic Reinsurance Agreement (Manufacturers Life Insurance Co Usa Separate Account H), Automatic Reinsurance Agreement (Manufacturers Life Insurance Co Usa Separate Account H)
Issue Dates. New Policies issued on or after July 1, 2001 Contractholders may, at their sole sale discretion, elect, revoke or make changes to their contract within sixty (60) days (hereinafter known as the 60-day window) of the contract issue date. The election or termination of any optional rider within the 60-day window will be retroactive to date of issue, and will be covered under this Agreement. All reinsurance premiums and claims will be trued up accordingly. The CEDING COMPANY will identify the policies covered under the 60-day window by submitting policyholder information on a separate data form. The CEDING COMPANY does not plan to market or develop a program highlighting this 60-day window. (Note: A maximum of 15% of contracts reported in any month will be covered under the 60-day window for contracts that have passed their statutory free-look period. There will be no limit for contracts that are still within their statutory free-look period.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Issue Dates. New Policies issued on or after July 1, 2001 Contractholders may, at their sole sale discretion, elect, . revoke or make changes to their contract within sixty (60) days (hereinafter known as the 606O-day window) of the contract issue date. The election or termination of any optional rider within the 60-60o day window will be retroactive to date of issue, and will be covered under this Agreement. All reinsurance premiums and claims will be trued up accordingly. The CEDING COMPANY will identify the policies covered under the 606O-day window by submitting policyholder information on a separate data form. The CEDING COMPANY does not plan to market or develop a program highlighting this 60-day window. (Note: A maximum of 15% of contracts reported in any month will be covered under the 60-day window for contracts that have passed their statutory free-look period. There will be no limit for contracts that are still within their statutory free-look period.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)
Issue Dates. New Policies issued on or after July 1, 2001 2001. Contractholders may, at their sole discretion, elect, revoke or make changes to their contract within sixty (60) days (hereinafter known as the 60-day window) of the contract issue date. The election or termination of any optional rider within the 60-day window will be retroactive to date of issue, and will be covered under this Agreement. All reinsurance premiums and claims will be trued up accordingly. The CEDING COMPANY will identify the policies covered under the 60-day window by submitting policyholder information on a separate data form. The CEDING COMPANY does not plan to market or develop a program highlighting this 60-day window. (Note: A maximum of 15% of contracts reported in any month will be covered under the 60-day window for contracts that have passed their statutory free-look period. There will be no limit for contracts that are still within their statutory free-look period.)
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H)