Non-Contractual. If the amount of insurance is increased as a result of an underwritten change, the increase will be considered new risk under this Agreement in accordance with Article A-Retention Schedule of Ceding Company. The Risk will not be automatically reinsured if the life was previously reviewed or underwritten on a facultative basis.
Appears in 2 contracts
Samples: Facultative Yrt (Minnesota Life Individual Variable Universal Life Account), Automatic/Facultative (Minnesota Life Individual Variable Universal Life Account)
Non-Contractual. If the amount of insurance is increased as a result of an underwritten a non-contractual change, the increase will be underwritten and will be considered new risk under this Agreement in accordance with Article Exhibit A-Retention Schedule of Ceding Company. The Reinsurer’s approval is required if the new amount will cause the reinsured amount on the life to exceed the limits shown in Exhibit C, Automatic Pool Binding Limits, or Jumbo Limit. The Risk will not be automatically reinsured if the life was previously reviewed or underwritten on a facultative basis.
Appears in 1 contract
Samples: Ceding Company Agreement (Minnesota Life Individual Variable Universal Life Account)
Non-Contractual. If the amount of insurance is increased as a result of an underwritten change, the increase will be considered new risk under this Agreement in accordance with Article Exhibit A-Retention Schedule of Ceding Company. The Risk will not be automatically reinsured if the life was previously reviewed or underwritten on a facultative basis.
Appears in 1 contract
Samples: Facultative Yrt (Minnesota Life Individual Variable Universal Life Account)
Non-Contractual. If the amount of insurance is increased as as. a result of an underwritten change, the increase will be considered new risk under this Agreement in accordance with Article A-Retention Schedule of Ceding Company2.1 – General Conditions. The Risk will not be automatically reinsured if the life was previously reviewed or underwritten on a facultative basis.
Appears in 1 contract
Samples: Automatic/Facultative (Minnesota Life Individual Variable Universal Life Account)