Common use of Procedure to Reinstate Reinsurance Clause in Contracts

Procedure to Reinstate Reinsurance. If the policy being reinstated was reinsured on an automatic basis under this Agreement, or if the policy being reinstated was reinsured on a facultative basis under this Agreement and the reinstatement occurs less than sixty (60) days after the policy has lapsed or terminated, the reinsurance cession shall be automatically reinstated. If the policy being reinstated was reinsured on a facultative basis under this Agreement and the reinstatement occurs sixty (60) days or more after the policy has lapsed or terminated, copies of the application for reinstatement, any personal declaration or medical examination, and any other underwriting documents (collectively, "Underwriting Information") shall be forwarded by the Ceding Company to the Reinsurer, together with the request for reinstatement of the reinsurance. The Reinsurer shall notify the Ceding Company promptly of its acceptance or declination of the request for reinstatement. The Reinsurer reserves the right to request any available Underwriting Information on any Allocated Retention Pool -- Effective 10/1/2008 Between HLIC and Swiss Re reinstatement.

Procedure to Reinstate Reinsurance. If the policy being reinstated was reinsured on an automatic basis under this Agreement, or if the policy being reinstated was reinsured on a facultative basis under this Agreement and the reinstatement occurs less than sixty (60) days after the policy has lapsed or terminated, the reinsurance cession shall be automatically reinstated. If the policy being reinstated was reinsured on a facultative basis under this Agreement and the reinstatement occurs sixty (60) days or more after the policy has lapsed or terminated, copies of the application for reinstatement, any personal declaration or medical examination, and any other underwriting documents (collectively, "Underwriting Information") shall be forwarded by the Ceding Company to the Reinsurer, together with the request for reinstatement of the reinsurance. The Reinsurer shall notify the Ceding Company promptly of its acceptance or declination of the request for reinstatement. The Reinsurer reserves the right to request any available Underwriting Information on any Allocated Retention Pool -- Effective 10/1/2008 Between HLIC ILA and Swiss Re reinstatement.

Procedure to Reinstate Reinsurance. If the policy being reinstated was reinsured on an automatic basis under this Agreement, or if the policy being reinstated was reinsured on a facultative basis under this Agreement and the reinstatement occurs less than sixty ninety (6090) days after the policy has lapsed or terminated, the reinsurance cession shall be automatically reinstated. If the policy being reinstated was reinsured on a facultative basis under this Agreement and the reinstatement occurs sixty ninety (6090) days or more after the policy has lapsed or terminated, copies of the application for reinstatement, any personal declaration or medical examination, and any other underwriting documents that the Ceding Company routinely requires (collectively, "Underwriting Information") shall be forwarded by the Ceding Company to the Reinsurer, together with the request for reinstatement of the reinsurance. The Reinsurer shall notify the Ceding Company promptly of its acceptance or declination of the request for reinstatement. The Reinsurer reserves the right to request any available Underwriting Information on any Allocated Retention Pool -- Effective 10/1/2008 Between HLIC and Swiss Re reinstatement. Reinsurance Premiums for a reinstated policy will be calculated on a point-in-scale basis.