Common use of JUMBO LIMIT Clause in Contracts

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies will not exceed the following amounts: US/Canadian Residents- No Foreign Travel $50,000,000 for all ages and rating classes. US/Canadian Residents - Foreign Travel $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E. Non US/Canadian Residents $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E.

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies will not exceed the following amounts: US/Canadian Residents- No Foreign Travel $50,000,000 75,000,000 for all ages and rating classes. US/Canadian Residents - Foreign Travel $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E. Non US/Canadian Residents $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E.

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies will not exceed the following amounts: US/Canadian Residents- No Foreign Travel $50,000,000 70,000,000 for all ages and rating classes. US/Canadian Residents - Foreign Travel $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E. Non US/Canadian Residents $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E.