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Common use of New Business Clause in Contracts

New Business. If the Ceding Company increases its retention limits, then it may, at its option and with written notice to the Reinsurer, increase its retention shown in Schedule A for policies issued after the effective date of the retention increase.

Appears in 5 contracts

Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

New Business. If the Ceding Company CEDING COMPANY increases its retention limits, then it may, at its option and with written notice to the ReinsurerREINSURER, increase its retention shown in Schedule A for policies issued after the effective date of the retention increase.

Appears in 2 contracts

Samples: Reinsurance Agreement (Bma Variable Life Account A), Reinsurance Agreement (Llac Variable Account)

New Business. If the Ceding Company CEDING COMPANY increases its retention limits, then it may, at its option and with written notice to the ReinsurerSECURITY, increase its retention shown in Schedule A for policies issued after the effective date of the retention increase.

Appears in 1 contract

Samples: Reinsurance Agreement (Life Insurance Separate Account of Usaa Life Insurance Co)

New Business. If the Ceding Company CEDING COMPANY increases its retention limits, then it may, at its option and with written notice to the Reinsurer, ____ increase its retention shown in Schedule A for policies issued after the effective date of the retention increase.

Appears in 1 contract

Samples: Reinsurance Agreement (National Variable Life Insurance Account)

New Business. If the Ceding Company increases its retention limits, then it may, at its option and with written notice to the Reinsurer, increase its retention limits shown in Schedule A for policies issued after the effective date of the retention increase.

Appears in 1 contract

Samples: Reinsurance Agreement (Llac Variable Account)

New Business. If the Ceding Company increases its retention limits, then it may, at its option and with written notice to the Reinsurer, increase its maximum dollar retention shown in Schedule A for policies issued after the effective date of the retention increase.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (Carillon Life Account)

New Business. If the Ceding Company CEDING COMPANY increases its retention limits, then it may, at its option and with written notice to the Reinsurer, increase its retention shown in Schedule A for policies issued after the effective date of the retention increase.

Appears in 1 contract

Samples: Reinsurance Agreement (National Variable Life Insurance Account)