NO PRIOR FACULTATIVE SUBMISSIONS. To be eligible for automatic reinsurance, the risk must not have been submitted on a facultative basis to the Reinsurer or any other reinsurer, within the last three years, unless the reasons for the original facultative submission no longer apply.
Appears in 3 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Reinsurance Agreement (Jackson National Separate Account Iv), Reinsurance Agreement (Jnlny Separate Account Iv)
NO PRIOR FACULTATIVE SUBMISSIONS. To be eligible for automatic reinsurance, the risk must not have been submitted on a facultative basis to the Reinsurer or any other reinsurer, within the last three years, unless the reasons for the original facultative submission no longer apply.
Appears in 2 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Reinsurance Agreement (National Variable Life Insurance Account)
