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 plus the total new ultimate amount applied for in all companies according to information available to THE COMPANY, shall not exceed the Jumbo Limit as shown in Schedule A. As described in the Jumbo Limit section of Schedule A, any amounts to be replaced are to be included except for an existing policy that is to be replaced, with or without a 1035 exchange, YRT-VUL 2008-2008-SGL(TX)-PICA where THE COMPANY has received and placed in its underwriting files an acceptable absolute assignment form.

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force plus the total new ultimate amount applied for in all companies according to information available to THE COMPANY, shall not exceed the Jumbo Limit as shown in Schedule A. As described in the Jumbo Limit section of Schedule A, any amounts to be replaced are to be included except for an existing policy that is to be replaced, with or without a 1035 exchange, YRT-VUL 2008-2008-SGL(TX)-PICA where THE COMPANY has received and placed in its underwriting files an acceptable absolute assignment form.

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force plus the total new ultimate amount applied for in all companies according to information available to THE COMPANY, shall not exceed the Jumbo Limit as shown in Schedule A. As described in the Jumbo Limit section of Schedule A, any amounts to be replaced are to be included except for an existing policy that is to be replaced, with or without a 1035 exchange, YRT-VUL 2008-2008-SGL(TX)-PICA [Missing Graphic Reference] where THE COMPANY has received and placed in its underwriting files an acceptable absolute assignment form.

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force plus the total new ultimate amount applied for in all companies according to information available to THE COMPANY, shall not exceed the Jumbo Limit as shown in Schedule A. As described in the Jumbo Limit section of Schedule A, any amounts to be replaced are to be included except for an existing policy that is to be replaced, with or without a 1035 exchange, YRT-VUL 2008-2008-SGL(TX)-PICA SGL(US)-PICA where THE COMPANY has received and placed in its underwriting files an acceptable absolute assignment form.