Common use of Reductions and Terminations Clause in Contracts

Reductions and Terminations. The Ceding Company shall notify the Reinsurer of all Policy terminations and changes that affect the reinsurance. Unearned reinsurance premiums on such terminations or changes shall be refunded to the Ceding Company. If any portion of the Ceding Company’s insurance risk is terminated, the reinsurance shall be reduced by a proportionate amount. If there are other reinsurers, each one shall share in the reduction according to its proportion of the total reinsurance. Reinsurance shall be terminated on any Policy where the Reinsured Net Amount at Risk is less than $[ ], rounded to the nearest dollar. The premium payable to the Reinsurer or premium refunds due to the Ceding Company shall be based on the exact number of days of effective insurance coverage upon termination or other change. If the Policy continues inforce without payment of premium during any days of grace pending its termination, whether such continuance be as a result of a Policy provision or a practice of the Ceding Company, the reinsurance will also continue without payment of premium and will terminate on the same date as the Ceding Company’s risk terminates. If a portion of the insurance issued by the Ceding Company on a life reinsured hereunder is terminated, [ ].

Reductions and Terminations. The Ceding Company shall notify the Reinsurer of all Policy terminations and changes that affect the reinsurance. Unearned reinsurance premiums on such terminations or changes shall be refunded to the Ceding Company. If any portion of the Ceding Company’s insurance risk is terminated, the reinsurance shall be reduced by a proportionate amount. If there are other reinsurers, each one shall share in the reduction according to its proportion of the total reinsurance. Reinsurance shall be terminated on any Policy where the Reinsured Net Amount net amount at Risk risk reinsured is less than $[ [_____], rounded to the nearest dollar. The premium payable to the Reinsurer or premium refunds due to the Ceding Company shall be based on the exact number of days of effective insurance coverage upon termination or other change. If the Policy continues inforce without payment of premium during any days of grace pending its termination, whether such continuance be as a result of a Policy provision or a practice of the Ceding Company, the reinsurance will also continue without payment of premium and will terminate on the same date as the Ceding Company’s risk terminates. If a portion of the insurance issued by the Ceding Company on a life reinsured hereunder is terminated, [ ].

Reductions and Terminations. The Ceding Company shall notify the Reinsurer of all Policy terminations and changes that affect the reinsurance. Unearned reinsurance premiums on such terminations or changes shall be refunded to the Ceding Company. If any portion of the Ceding Company’s insurance risk on a Policy is terminated, the reinsurance shall be reduced by a proportionate amount. If there are other reinsurers, each one shall share in the reduction according to its proportion of the total reinsurance. Reinsurance shall be terminated on any Policy where the Reinsured Net Amount at Risk RNAR is less than $[ ], rounded to the nearest dollar. The premium payable to the Reinsurer or premium refunds due to the Ceding Company shall be based on the exact number of days of effective insurance coverage upon termination or other change. If the Policy continues inforce without payment of premium during any days of a grace period pending its termination, whether such continuance be as a result of a Policy provision or a practice of the Ceding Company, the reinsurance will also continue without payment of premium and if the reinsurance premiums are paid by the Ceding Company to the Reinsurer. If the Policy lapses, the reinsurance will terminate on the same date as the Ceding Company’s risk terminates. If a portion of terminates and the insurance issued by the Ceding Company on a life reinsured hereunder is terminated, [ ]Reinsurer will refund any unearned premium.

Reductions and Terminations. The Ceding Company shall notify the Reinsurer of all Policy terminations and changes that affect the reinsurance. Unearned reinsurance premiums on such terminations or changes shall be refunded to the Ceding Company. If any portion of the Ceding Company’s insurance risk is terminated, the reinsurance shall be reduced by a proportionate amount. If there are other reinsurers, each one shall share in the reduction according to its proportion of the total reinsurance. Reinsurance shall be terminated on any Policy where the Reinsured Net Amount net amount at Risk risk reinsured is less than $[ ]$ , rounded to the nearest dollar. Unearned reinsurance premiums on terminations or changes shall be refunded to the Ceding Company. The premium payable to the Reinsurer or premium refunds due to the Ceding Company shall be based on the exact number of days of effective insurance coverage upon termination or other change. If the Policy continues inforce without payment of premium during any days of grace pending its terminationsurrender, whether such continuance be as a result of a Policy provision or a practice of the Ceding Company, the reinsurance will also continue without payment of premium and will terminate on the same date as the Ceding Company’s risk terminates. If a portion of the insurance issued by the Ceding Company on a life reinsured hereunder is terminated, [ ].

Reductions and Terminations. The Ceding Company shall notify the Reinsurer of all Policy terminations and changes that affect the reinsurance. Unearned reinsurance premiums on such terminations or changes shall be refunded to the Ceding Company. If any portion of the Ceding Company’s insurance risk on a Policy is terminated, the reinsurance shall be reduced by a proportionate amount. If there are other reinsurers, each one shall share in the reduction according to its proportion of the total reinsurance. Reinsurance shall be terminated on any Policy where the Reinsured Net Amount at Risk RNAR is less than $[ ], rounded to the nearest dollar. The premium payable to the Reinsurer or premium refunds due to the Ceding Company shall be based on the exact number of days of effective insurance coverage upon termination or other change. If the Policy continues inforce without payment of premium during any days of a grace period pending its termination, whether such continuance be as a result of a Policy provision or a practice of the Ceding Company, the reinsurance will also continue without payment of premium and [ ]. If the Policy lapses, the reinsurance will terminate on the same date as the Ceding Company’s risk terminates. If a portion of the insurance issued by the Ceding Company on a life reinsured hereunder is terminated, terminates [ ].

Reductions and Terminations. The Ceding Company shall notify the Reinsurer of all Policy terminations and changes that affect the reinsurance. Unearned reinsurance premiums on such terminations or changes shall be refunded to the Ceding Company. If any portion of the Ceding Company’s insurance risk is terminated, the reinsurance shall be reduced by a proportionate amount. If there are other reinsurers, each one shall share in the reduction according to its proportion of the total reinsurance. Reinsurance shall be terminated on any Policy where the Reinsured Net Amount net amount at Risk risk reinsured is less than $[ [_____], rounded to the nearest dollar. The premium payable to the Reinsurer or premium refunds due to the Ceding Company shall be based on the exact number of days of effective insurance coverage upon termination or other change. If the Policy continues inforce without payment of premium during any days of grace pending its termination, whether such continuance be as a result of a Policy provision or a practice of the Ceding Company, the reinsurance will also continue without payment of premium and will terminate on the same date as the Ceding Company’s risk terminates. If a portion of the insurance issued by the Ceding Company on a life reinsured hereunder is terminated, [ [page break].