PROCEDURE FOR REDUCTION OR TERMINATION OF RETAINED AMOUNT. The Ceding Company must first reduce the excess reinsurance of the particular policy that has the same mortality rating as the terminated insurance. If further reduction is required, the excess reinsurance to be terminated or reduced shall be effected in the inverse order in which the particular policy was first reinsured.
Appears in 10 contracts
Samples: Assignment, Transfer and Novation Agreement (Ameritas Variable Separate Account V), Coinsurance Agreement (Thrivent Variable Life Account I), Coinsurance Agreement (Kansas City Life Insurance Co)
