Common use of Policy Changes Clause in Contracts

Policy Changes. “Policy changes” refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, changes in plans, a change in the face amount of the policy or the addition of a covered rider. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance will remain in effect with the Reinsurer, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s underwriting guidelines require that full evidence of insurability be obtained, and the suicide and contestability periods are based on the reissued policy date, the reinsurance will remain in effect with the Reinsurer only if the change is made before any cancellation of this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to the cancellation of the Agreement for new business will continue to be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by the Company’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business Continuity. Policy changes to Reinsured Policies will be subject to the Reinsurer’s prior written approval, if:

Policy Changes. “Policy changes” refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, changes in plans, plans or a change in the face amount of the policy or the addition of a covered riderpolicy. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance will remain in effect with the Reinsurer, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s underwriting guidelines require that full evidence of insurability be obtained, and the suicide and contestability periods are based on the reissued policy date, the reinsurance will remain in effect with the Reinsurer only Reinsurer, if the change is made before any cancellation of this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to If the cancellation change is made after any termination of the this Agreement for new business business, the reinsurance will continue to be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by the Company’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business Continuitythe termination document. Policy changes to Reinsured Policies will be subject to the Reinsurer’s prior written approval, if:

Policy Changes. “Policy changes” refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, changes in plans, plans or a change in the face amount of the policy or the addition of a covered riderpolicy. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance will remain in effect with the Reinsurer, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s underwriting guidelines require that full evidence of insurability be obtained, and the suicide and contestability periods are based on the reissued policy date, the reinsurance will remain in effect with the Reinsurer only Reinsurer, if the change is made before any cancellation of this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to the cancellation of the Agreement for new business will continue to be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by the Company’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business Continuity. Policy changes to Reinsured Policies will be subject to the Reinsurer’s prior written approval, if:

Policy Changes. “Policy changes” refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, changes in plans, a change in the face amount of the policy or the addition of a covered rider. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance will remain in effect with the Reinsurer, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s underwriting guidelines require that full evidence of insurability be obtained, and the suicide and contestability periods are based on the reissued policy date, the reinsurance will remain in effect with the Reinsurer only if the change is made before any cancellation of this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to the cancellation of the Agreement for new business will continue to be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by the Company’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business Continuity. Policy changes to Reinsured Policies will be subject to the Reinsurer’s prior written approval, if:

Policy Changes. “Policy changes” " refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, changes in plans, a change in the face amount of the policy or the addition of a covered rider. If there is a material change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s underwriting guidelines do Company does not require that full evidence of insurability be obtainedconsider the change to result in the policy being treaty as new business, the reinsurance will remain in effect with the ReinsurerReinsurer under this Agreement, whether the change is made before or after any cancellation of this Agreement for new business. The reinsurance rates applicable to the reissued policy will be the Basic Premiums specified in Exhibit C-1 and Exhibit C-2 reflecting the issue age and duration of the original policy. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration will be measured from the effective date of the original Reinsured Policy. Whenever If the policy change only results in a Reinsured Policy is changed and portion of the policy to be considered as new business by the Company’s underwriting guidelines require that full evidence , then such portion of insurability the policy will be obtained, considered new business for reinsurance purposes and the suicide and contestability periods are based on the reissued policy date, the reinsurance will remain in effect with be ceded to the Reinsurer only if as such under the Agreement subject to all new business provisions whether the change is made before or after any cancellation of this Agreement for new business. Increases normally applied The reinsurance rates applicable to existing policies where such policies were issued prior to the cancellation portion of the reinsured policy will be the Basic Premiums specified in Exhibit C-1 and Exhibit C-2 reflecting the issue age and duration based on the date of the change on the policy. For clarity, the remaining portion of the policy not affected by the change will continue with the Reinsurer under this Agreement for reflecting the issue age and duration of the original policy. If the policy change results in the entire policy to be considered as new business will continue to be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by the Company’s underwriting guidelines. The Company , then such changed policy will notify be ceded as new business under the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business ContinuityCompany's reinsurance agreements open to new business. Policy changes to Reinsured Policies will be subject to the Reinsurer’s ' s prior written approval, if:

Policy Changes. “Policy changes” " refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, changes in plans, plans or a change in the face amount of the policy or the addition of a covered riderpolicy. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s 's underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance will remain in effect with the Reinsurer, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s 's underwriting guidelines require that full evidence of insurability be obtained, and the suicide and contestability periods are based on the reissued policy date, the reinsurance will remain in effect with the Reinsurer only Reinsurer, if the change is made before any cancellation of this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to If the cancellation change is made after any termination of the this Agreement for new business business, the reinsurance will continue to be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by the Company’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business Continuitythe termination document. Policy changes which require full underwriting to the Reinsured Policies will be subject to the Reinsurer’s 's prior written approval, if:

Policy Changes. “Policy changes” " refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, changes in plans, plans or a change in the face amount of the policy or the addition of a covered riderpolicy. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s 's underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance will remain in effect with the Reinsurer, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s 's underwriting guidelines require that full evidence of insurability be obtained, and the suicide and contestability periods are based on the reissued policy date, the reinsurance will remain in effect with the Reinsurer only Reinsurer, if the change is made before any cancellation of this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to the cancellation of the Agreement for new business will continue to be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by the Company’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business Continuity. Policy changes to Reinsured Policies will be subject to the Reinsurer’s 's prior written approval, if:

Policy Changes. “Policy changes” refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, exchanges, changes in plans, a change in the face amount of the policy or the addition of a covered rider. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s 's underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance terms of this Agreement will remain apply to the changed Reinsured Policy using point in effect with the Reinsurerscale rates, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration for premium payment will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s 's underwriting guidelines require that full evidence of insurability be obtained, and the suicide and contestability periods are will be based on the reissued policy date, unless otherwise required by applicable law, and the reinsurance terms of this Agreement will remain in effect with apply to the Reinsurer only changed Reinsured Policy on a new business basis if the change is made before any cancellation of this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to the cancellation of Such Reinsured Policy change taking place after the Agreement is cancelled for new business will continue to not be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by reinsured without the Company’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business ContinuityReinsurer's prior written consent. Policy changes to Reinsured Policies will be subject to the Reinsurer’s 's prior written approval, if:

Policy Changes. “Policy changes” refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, exchanges, changes in plans, a change in the face amount of the policy or the addition of a covered rider. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance terms of this Agreement will remain apply to the changed Reinsured Policy using point in effect with the Reinsurerscale rates, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration for premium payment will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s underwriting guidelines require that full evidence of insurability be obtained, obtained and the suicide and contestability periods are will be based on the reissued policy date, unless otherwise required by applicable law, the reinsurance terms of this Agreement will remain in effect with apply to the Reinsurer only changed Reinsured Policy if the change is made before any cancellation of this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to the cancellation of Such Reinsured Policy changes taking place after the Agreement is cancelled for new business will continue to not be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by reinsured without the CompanyReinsurer’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, as specified in Article 15.1, Business Continuityprior written consent. Policy changes to Reinsured Policies will be subject to the Reinsurer’s prior written approval, if:

Policy Changes. “Policy changes” " refers to the variety of actions that may be made to a policy after issue. These actions include, but are not limited to, replacements, changes in plans, a change in the face amount of the policy or the addition of a covered rider. If there is a change to the reinsurance on a Reinsured Policy, the Company will inform the Reinsurer in the subsequent Changes and Terminations Report specified in Exhibit F. Except as provided in this Article, whenever a Reinsured Policy is changed and the Company’s 's underwriting guidelines do not require that full evidence of insurability be obtained, the reinsurance will remain in effect with the Reinsurer, whether the change is made before or after any cancellation of this Agreement for new business. The suicide and contestability periods applicable to the original Reinsured Policy will apply to the reissued Reinsured Policy and the duration will be measured from the effective date of the original Reinsured Policy. Whenever a Reinsured Policy is changed and the Company’s 's underwriting guidelines require that full evidence of insurability be obtained, and the suicide and contestability periods are based on the reissued policy date, the policy will not be subject to reinsurance under this Agreement. Notwithstanding the foregoing, however, additional coverage issued pursuant to policyholder contractual rights for underwritten increases in coverage, where full evidence of insurability is obtained under the Company's underwriting guidelines and the suicide and the contestability periods are based on the issue date for the underwritten increase in coverage, will remain in effect with the Reinsurer only if the change is made before any cancellation of be reinsured under this Agreement for new business. Increases normally applied to existing policies where such policies were issued prior to the cancellation of the Agreement for new business will continue to be reinsured. The suicide period may be based on an earlier policy date if explicitly allowed by the Company’s underwriting guidelines. The Company will notify the Reinsurer of any changes in the underwriting guidelines, with allowances as specified in Article 15.1, Business ContinuityExhibit C-1. The issue age for the underwritten increase in coverage shall be the insured's age as of the reissued policy date. Policy changes to Reinsured Policies will be subject to the Reinsurer’s 's prior written approval, if: