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 ninety (90) 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 ninety (90) 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 reinstatement. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLIC and Canada Life

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 ninety (90) 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 ninety (90) 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 reinstatement. Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLIC HLAIC and Canada Life