Common use of NOTIFICATION AND PLACEMENT Clause in Contracts

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, 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 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 converted 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, 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 converted or exchanged to or replaced by a plan covered under this Agreement will not be reinsured relnsured hereunder unless such conversion, continuation, exchange or replacement meets all the criteria for New Business and is ceded as such.