PROCEDURE FOR INCREASE OR REDUCTION IN FACE AMOUNT. If the face amount of a particular policy reinsured under this Agreement is increased, the reinsurance shall first be increased proportionally on the quota share portion for the particular policy involved and any excess portion reinsured shall then be appropriately increased. If the face amount is reduced, the reinsurance shall first be decreased by any excess portion reinsured for the particular policy involved and then shall be reduced proportionally on the quota share portion.
Appears in 2 contracts
Samples: Yrt Agreement (Nationwide Provident Vli Separate Account A), Yrt Agreement (Nationwide Provident Vli Separate Account A)
PROCEDURE FOR INCREASE OR REDUCTION IN FACE AMOUNT. If the face amount of a particular policy reinsured under this Agreement is increased, the reinsurance shall first be increased proportionally on the quota share portion for the particular policy involved and any excess portion reinsured shall then be appropriately increased. If the face amount is reduced, the reinsurance shall first be decreased by any excess portion reinsured for the particular policy involved and then shall be reduced proportionally on the quota share portion.
Appears in 1 contract
Samples: Yrt Agreement (Nationwide Provident Vli Separate Account 1)
PROCEDURE FOR INCREASE OR REDUCTION IN FACE AMOUNT. If the face amount of a particular policy reinsured under this Agreement is increased, increased the reinsurance shall first be increased proportionally on the quota share portion for the particular policy involved and any excess portion reinsured shall then be appropriately increased. If the face amount is reduced, the reinsurance shall first be decreased by any excess portion reinsured for the particular policy involved and then shall be reduced proportionally on the quota share portion.
Appears in 1 contract
Samples: Yrt Agreement (Nationwide Provident Vli Separate Account 1)
