REDUCTIONS, REINSTATEMENTS AND CHANGES Sample Clauses

REDUCTIONS, REINSTATEMENTS AND CHANGES. 1. REDUCTIONS AND TERMINATIONS Reinsurance amounts are calculated in terms of coverages on the life of a person. If any of the Company's policies or riders on the person are reduced or terminated, the reinsurance in force 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 at issue, mortality rating and form of the policy or policies for which reinsurance is being terminated. The reduction first shall be applied to reinsurance, if any, on the particular policy reduced. If the reduction exceeds the amount of reinsurance on that policy, the reduction shall then be applied to reinsurance on other policies on that life in the order in which the policies were effected, the first effected shall be the first terminated or reduced. If reinsurance has been ceded to more than one reinsurer, the reduction in Life Re's insurance will be in proportion to the reduction in the total. After the proportion has been determined, the rules above will be used. 2. REINSTATEMENTS
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