PRE-ISSUE COVERAGE Sample Clauses

PRE-ISSUE COVERAGE. The pre-issue coverage for benefits paid under THE COMPANY’s conditional receipt or temporary insurance agreement will be effective once all initial medical exams and tests have been completed. The pre-issue liability applies only once on any given life at one time no matter how many conditional receipts or temporary insurance agreements are in effect. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.

PRE-ISSUE COVERAGE. The Reinsurer will not be liable for benefits paid under the Ceding Company's conditional receipt or temporary insurance agreement unless all the conditions for automatic reinsurance coverage under Section 3 of this Agreement are met. The Reinsurer's liability under the Ceding Company's conditional receipt or temporary insurance agreement is limited to the lesser of i. or ii. below: i. The Automatic Acceptance Limits with the Reinsurer as shown in Schedule A. ii. The amount for which the Ceding Company is liable less its retention shown in Schedule A, less any amount of reinsurance with other reinsurers. The pre-issue liability applies only once on any given life no matter how many receipts were issued or initial premiums were accepted by the Ceding Company. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.

PRE-ISSUE COVERAGE. The pre-issue coverage for benefits paid under PRUCO’s conditional receipt or temporary insurance agreement will be effective once all initial medical exams and tests have been completed. The pre-issue liability applies only once on any given life at one time no matter how many conditional receipts or temporary insurance agreements are in effect. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.

PRE-ISSUE COVERAGE. For facultative policies, the Reinsurer will not be liable for benefits paid under the Ceding Company’s conditional receipt or temporary insurance agreement until the Ceding Company has accepted the Reinsurer’s offer for facultative reinsurance coverage. After such time, and for automatic policies meeting all of the conditions for automatic reinsurance coverage under Article 3 of this Agreement, the Reinsurer will be liable for benefits paid under the Ceding Company’s conditional receipt or temporary insurance agreement. The Reinsurer’s liability under the Ceding Company’s conditional receipt or temporary insurance agreement is limited to the lesser of i. or ii. below: i. The Reinsurer’s share of the Reinsurers’ Automatic Acceptance Limits as shown in Section 4 of Schedule A. ii. The amount for which the Ceding Company is liable less the amount the Ceding Company retained pursuant to Section 2.a of Schedule A, less any amount of reinsurance with other reinsurers. The pre-issue liability applies only once on any given life regardless of how many receipts were issued or initial premiums were accepted by the Ceding Company. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision. In the event that the Ceding Company’s rules with respect to cash handling and the issuance of conditional receipt or temporary insurance are not followed, the Reinsurer will participate in the liability if the conditions set forth above are met and the Ceding Company does not knowingly allow such rules to be violated or condone such a practice. Such liability will be limited to the lesser of i or ii above. As in all cases, the provisions of Article 13 apply to such a claim.

PRE-ISSUE COVERAGE. If the CEDING COMPANY issues a conditional receipt or temporary insurance agreement, the REINSURER reinsurance for such benefits will be provided under this Agreement if: i) The REINSUER has agreed to the form and format of the conditional receipt or temporary insurance agreement. ii) The conditions for automatic reinsurance coverage under Section 2 of this Agreement are met. iii) The pre-issue liability applies only once on any given life regardless of how many receipts were issued or initial premiums were accepted by the CEDING COMPANY. iv) After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision. v) The REINSURER'S liability under the CEDING COMPANY's conditional receipt or temporary insurance agreement is limited to the lesser of i. or ii. below:

PRE-ISSUE COVERAGE. The Reinsurer will not be liable for benefits paid under the Ceding Company's conditional receipt or temporary insurance agreement unless all the conditions for automatic reinsurance coverage under Article 3 of this Agreement are met. The Reinsurer's liability under the Ceding Company's conditional receipt or temporary insurance agreement is limited to the lesser of i. or ii. below:

PRE-ISSUE COVERAGE. SECURITY will not be liable for benefits paid under FORTIS BENEFITS conditional receipt or temporary insurance agreement unless all the conditions for automatic reinsurance coverage under Section 3 of this Agreement are met. SECURITY’s liability under FORTIS BENEFITS conditional receipt or temporary insurance agreement is equal to the SECURITY’s Automatic Reinsurance Share of the lesser of i. or ii. below: i. The Automatic Acceptance Limits shown in Schedule A. ii. The amount for which FORTIS BENEFITS is liable. The pre-issue liability applies only once on any given life regardless of how many receipts were issued or initial premiums were accepted by FORTIS BENEFITS. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.