Purpose of Underwriting Review. For new business written by the Ceding Company that meets the requirements for Automatic Reinsurance, the Ceding Company intends to underwrite applications for such business as if the business were to be fully retained by the Ceding Company. Such business shall be underwritten according to the underwriting practices and guidelines described in Schedules C, D, or E, as applicable. The underwriting practices and professional judgment used by the Ceding Company in arriving at a risk assessment may not agree entirely with the underwriting practices customarily used by, or the professional judgment of, the Reinsurer under similar circumstances. It is the purpose of this review to:
Appears in 4 contracts
Samples: Renewable Term Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Renewable Term Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii), Renewable Term Reinsurance Agreement (Separate Account Vl I of Hartford Life Insurance Co)
