MINIMUM CESSION. The Company will not cede a policy to the Reinsurer unless the amount to be reinsured at issue exceeds the Initial Minimum Cession amount shown in Exhibit C. Reinsurance will be cancelled on any policy when its reinsured net amount at risk falls below the Trivial Amount limit shown in Exhibit C.
Appears in 6 contracts
Samples: Reinsurance Agreement (Penn Mutual Variable Life Account I), Illegible Illegible Illegible Illegible Illegible (Vericity, Inc.), Automatic Yearly Renewable Term (COLI VUL-4 Series Account of First Great-West Life & Annuity Insurance CO)
MINIMUM CESSION. The Company will not cede a policy to the Reinsurer unless the amount to be reinsured at issue exceeds the Initial Minimum Cession amount shown in Exhibit C. Reinsurance will be cancelled on any policy when its reinsured net amount at risk falls below the Trivial Amount limit shown in Exhibit C.
Appears in 1 contract
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G)
