Common use of Reductions and Terminations Clause in Contracts

Reductions and Terminations. Reinsurance amounts are calculated in terms of coverages on a “per policy” basis. If any of the Company’s policies or riders on an insured are reduced or terminated, the reinsurance under this Agreement will be reduced by the corresponding amount. The reduction will not be applied to force the Company to reassume more than its regular retention limit at the time of the reduction for the age of issue, mortality rating and form of the policy or policies for which reinsurance is being terminated. The reduction first will be applied to reinsurance, if any, on the particular policy reduced. If the reduction exceeds the amount of reinsurance on that policy, the reduction will then be applied to reinsurance on other policies on the insured in the order in which the policies were effected, the first effected will be the first terminated or reduced. If reinsurance has been ceded to more than one reinsurer, the reduction in Life Re’s reinsurance will be in proportion to the reduction in the total. After the proportion has been determined, the rules above will be used.

Reductions and Terminations. Reinsurance amounts are calculated in terms of coverages on a “"per policy” " basis. If any of the Company’s 's policies or riders on an insured are reduced or terminated, the reinsurance under this Agreement will be reduced by the corresponding amount. The reduction will not be applied to force the Company to reassume more than its regular retention limit at the time of the reduction for the age of issue, mortality rating and form of the policy or policies for which reinsurance is being terminated. The reduction first will be applied to reinsurance, if any, on the particular policy reduced. If the reduction exceeds the amount of reinsurance on that policy, the reduction will then be applied to reinsurance on other policies on the insured in the order in which the policies were effected, the first effected will be the first terminated or reduced. If reinsurance has been ceded to more than one reinsurer, the reduction in Life Re’s 's reinsurance will be in proportion to the reduction in the total. After the proportion has been determined, the rules above will be used.

Reductions and Terminations. Reinsurance amounts are calculated Unless specified otherwise in terms this Agreement, if the amount of coverages insurance of a policy issued by the Company is reduced and the amount of reinsurance is on a “per policy” quota share basis. If any , then the amount of the Company’s policies or riders reinsurance on an insured are reduced or terminated, the reinsurance under this Agreement that life will be reduced effective the same date by the corresponding amountsame proportion as the reduction under the original policy. The reduction will not be applied to force the Company to reassume more than its regular retention limit at the time of the reduction for the age of at issue, mortality rating and form of the policy or policies for which reinsurance is being terminated. The reduction first will be applied to reinsurance, if any, on the particular policy reduced. If the reduction exceeds the amount of reinsurance on that policy, the reduction will then be applied to reinsurance on other policies on the insured that life in the order in which the policies were effected, i.e., the first effected will be the first terminated or reduced. If reinsurance has been ceded to more than one reinsurer, the reduction in Life Re’s the Reinsurer's reinsurance will be in proportion to the reduction in the total. After the proportion has been determined, the rules above will be used.