NOTIFICATION AND PLACEMENT Sample Clauses
The "Notification and Placement" clause establishes the requirements and procedures for informing relevant parties about certain events or actions and dictates how and where such notifications must be delivered. Typically, this clause specifies the methods of communication (such as email or registered mail), the addresses to be used, and the timeframe within which notifications must be made. Its core function is to ensure that all parties receive timely and proper notice, thereby reducing misunderstandings and disputes related to communication or the execution of contractual obligations.
NOTIFICATION AND PLACEMENT. If a policy reinsured under this Agreement is converted, continued, exchanged or replaced, the Ceding Company will notify the Reinsurer within ninety (90) days after the effective date of the conversion, continuation, exchange or replacement. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, practices and procedures for exchanges and replacements. Conversions, continuations, exchanges or replacements of policies previously reinsured with the Reinsurer will continue to be reinsured with the Reinsurer, except as noted in Article 7.4, in an amount not to exceed the original Reinsured Net Amount at Risk, unless such conversion, continuation, exchange or replacement meets all the criteria for New Business and is ceded as such. Unless mutually agreed otherwise, policies that are not reinsured with the Reinsurer and that are converted, continued or exchanged to or replaced by a plan covered under this Agreement will not be reinsured hereunder unless such conversion, continuation, exchange or replacement meets all the criteria for New Business and is ceded as such.
NOTIFICATION AND PLACEMENT. If a policy reinsured under this Agreement is converted, exchanged or replaced, the Ceding Company will notify the Reinsurer within [*] days after the effective date of the conversion, exchange or replacement. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, practices and procedures for exchanges and replacements. Conversions, exchanges or replacements of policies previously reinsured with the Reinsurer will continue to be reinsured with the Reinsurer, except as noted in Article one.4, in an amount not to exceed the original Reinsured Net Amount at Risk unless such conversion, exchange or replacement meets all the criteria for New Business and is ceded as such. Unless mutually agreed otherwise, policies that are not reinsured with the Reinsurer and that are converted or exchanged to or replaced by a plan covered under this Agreement will not be reinsured hereunder unless such conversion, exchange or replacement meets all the criteria for New Business and is ceded as such. Group conversions and term conversions, other than conversions of a term rider reinsured hereunder, to the plans reinsured hereunder will not be reinsured under this Agreement.
NOTIFICATION AND PLACEMENT. If a policy reinsured with the Reinsurer is exchanged to or replaced by a plan reinsured under this Agreement, the Ceding Company will notify the Reinsurer within ninety (90) days after the effective date of the exchange or replacement. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, practices and procedures for exchanges and replacements. Exchanges or replacements of policies previously reinsured with the Reinsurer will continue to be reinsured with the Reinsurer, except as noted in Article 7.4, in an amount not to exceed the original Reinsured Net Amount at Risk, unless such exchanges or replacements are issued as New Business. Unless mutually agreed otherwise, policies that are not reinsured with the Reinsurer and that are exchanged to or replaced by a plan covered under this Agreement will not be reinsured hereunder unless such exchange or replacement is New Business.
NOTIFICATION AND PLACEMENT. If a policy reinsured under this Agreement is exchanged to or replaced by a plan reinsured under this Agreement, the Ceding Company will notify the Reinsurer within 90 days after the effective date of the exchange or replacement. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with the Ceding Company’s underwriting guidelines, practices, and procedures for risk selection provided or made available to the Reinsurer. Exchanges or replacements of policies previously reinsured with the Reinsurer will continue to be reinsured with the Reinsurer in an amount not to exceed the original Reinsured Net Amount at Risk, unless such exchanges or replacements are issued as New Business. Unless mutually agreed otherwise, policies that are not reinsured with the Reinsurer and that are exchanged to or replaced by a plan covered under this Agreement are not to be reinsured under this Agreement unless such conversion, exchange or replacement is New Business.
NOTIFICATION AND PLACEMENT. 13 7.2 PREMIUMS............................................................13 7.3 INCREASES IN AMOUNT.................................................13 7.4 FACULTATIVE CONSIDERATIONS..........................................13
NOTIFICATION AND PLACEMENT. If a policy reinsured under this Agreement is converted, exchanged or replaced, the Ceding Company will notify the Reinsurer within ninety (90) days after the effective date of the conversion, exchange or replacement. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, practices and procedures for exchanges and replacements. Term conversions of policies issued by the Ceding Company and its subsidiary, Life Insurance Company of the Southwest, to products reinsured under this Agreement shall be covered under the terms of this Agreement.