MISSTATEMENT OF AGE OR GENDER. If the amount of insurance changes because of a misstatement of age or sex classification, the Reinsurer’s share of liability will change proportionately. Reinsurance Premiums will be adjusted from the inception of the policy and any differences will be settled without interest.
Appears in 4 contracts
Samples: Automatic/Facultative (Minnesota Life Individual Variable Universal Life Account), Ceding Company Agreement (Minnesota Life Individual Variable Universal Life Account), Facultative Yrt (Minnesota Life Individual Variable Universal Life Account)
MISSTATEMENT OF AGE OR GENDER. If the amount of insurance changes because of a misstatement of age or sex gender classification, the Reinsurer’s share of liability will change proportionately. Reinsurance Premiums will be adjusted from the inception of the policy and any differences will be settled without interest.
Appears in 1 contract
Samples: Facultative Yrt (Minnesota Life Individual Variable Universal Life Account)
