REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement, where full underwriting evidence according to your regular underwriting rules is not required, the insurance will continue to be reinsured with us provided it meets the initial minimum amount stated in Schedule A.
2. If the insurance reinsured under this Agreement increases and
A. The increase is subject to new underwriting evidence, the provisions of Article I shall apply to the increase in reinsurance.
B. The increase is not subject to new underwriting evidence, we will accept automatically the increase in reinsurance but not to exceed our automatic binding limit.
3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for the individual risk involved will be increased or reduced by the same amount on the effective date of increase or reduction.
4. If any portion of the aggregate insurance retained by you on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. You'll reduce your reinsurance by applying the retention limits which were in effect at the time the policy was issued. You will not be required to retain an amount in excess of your regular retention limit for the age, mortality rating and risk classification at the time of issue for any policy on which reinsurance is being reduced. You must first reduce the reinsurance of the insurance which has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced will be determined by chronological order in which the reinsurance was first reinsured.
5. If the insurance for a risk is shared by more than one reinsurer, our percentage of the increased or reduced reinsurance will be the same as our initial reinsurance of the individual risk.
6. If insurance reinsured under this Agreement is terminated, the reinsurance for the individual risk involved will be terminated on the effective date of termination.
7. On facultative reinsurance, if you wish to reduce the mortality rating, this reduction will be subject to and reinsured under the facultative provisions of this Agreement.
8. If at the time of a contractual or non-contractual change, you elect not to continue to reinsure the risk with us, you must pay us an early recapture charge as negotiated with us.
9. If the insurance is reinsured on a coinsur...
REDUCTIONS, TERMINATIONS AND CHANGES. Whenever a change is made in the status, plan, amount or other material feature of a policy reinsured under this Agreement, the Reinsurer will, upon receipt of notification of the change, provide adjusted reinsurance coverage in accordance with the provisions of this Agreement. The Company will notify the Reinsurer of any such change with the next statement following the month in which the change was made.
REDUCTIONS, TERMINATIONS AND CHANGES. Whenever a change is made in the status, plan, amount or other material feature of a policy reinsured under this Agreement, the Reinsurer will, upon receipt of notification of the change, provide adjusted reinsurance coverage in accordance with the provisions of this Agreement. The Ceding Company will notify the Reinsurer of any such change within sixty (60) days of its effective date.
REDUCTIONS, TERMINATIONS AND CHANGES. A. Replacement or Change If there is a contractual change, the insurance will continue to be reinsured with the Reinsurer at point-in-scale rates. Exchanges from one single life plan reinsured under this Agreement to a different single life plan will be reinsured at point-in-scale rates. An exchange is a new policy replacing an existing policy where the new policy is not fully underwritten.
REDUCTIONS, TERMINATIONS AND CHANGES. 1. A. If in accordance with policy provisions the original policy is converted to permanent life insurance, the life risk under the converted policy which exceeds the amount of risk originally retained by the CEDING COMPANY shall continue to be reinsured with BMA.
REDUCTIONS, TERMINATIONS AND CHANGES. A. Replacement or Change If there is a contractual change, or non-contractual replacement of the insurance reinsured under this Agreement where full underwriting evidence according to the Ceding Company's regular underwriting rules is not required, the insurance may continue to be reinsured with the Reinsurer at point in scale rates provided it meets the minimum reinsurance cession amount stated in Schedule A.
B. Increases or Decreases
1. If the policy face amount of a risk reinsured automatically under this Agreement increases and:
a. The increase is subject to new underwriting evidence, then the provisions of Article II, Section A, shall apply to the increase in reinsurance.
b. The increase is not subject to new underwriting evidence, then Reinsurer will accept automatically the increase in reinsurance but not to exceed the automatic binding limit.
REDUCTIONS, TERMINATIONS AND CHANGES. A. Replacement or Change If there is a contractual change, the insurance will continue to be reinsured with the Reinsurer at joint life point-in-scale rates. Exchanges from one last survivor plan reinsured under this Agreement to a different last survivor plan will be reinsured at joint life point-in-scale rates. Exchanges from one last survivor plan reinsured under this Agreement with the Last Survivor Exchange Option Rider (24) or Twenty Four Month Exchange Rider to two single life plans will be reinsured at single life point-in-scale rates. An exchange is a new policy replacing an existing policy where the new policy is not fully underwritten.
REDUCTIONS, TERMINATIONS AND CHANGES. 1. If there is a contractual or non-contractual replacement or change in the insurance reinsured under this Agreement where full medical underwriting evidence according to Cedent's regular underwriting rules is not required, the insurance will continue to be reinsured with Reinsurer.
2. If the insurance reinsured under this Agreement increases and
A. The increase is subject to new underwriting evidence, the provisions of Article I and II or Article III shall apply to the increase in reinsurance.
B. The increase is not subject to new underwriting evidence, Reinsurer will accept automatically the increase in reinsurance but not to exceed Reinsurer's automatic binding limit.
3. If the insurance reinsured under this Agreement is increased or reduced, the reinsurance for each policy involved will be proportionately increased or reduced on the effective date of increase or reduction.
4. If any portion of the total insurance retained by Cedent on an individual life reduces or terminates, any reinsurance under this Agreement based on the same life will also be reduced or terminated. Cedent will reduce Cedent's reinsurance by applying the retention limits that were in effect at the time the policy was
REDUCTIONS, TERMINATIONS AND CHANGES. Whenever a change is made in the status, plan, amount or other material feature of a policy reinsured under this Agreement, MARC will, upon receipt of notification of the change, provide adjusted reinsurance coverage in accordance with the provisions of this Agreement. The Ceding Company will notify MARC of any such change within thirty (30) days of its effective date.
REDUCTIONS, TERMINATIONS AND CHANGES. The Reinsurer shall establish and assume liability for all statutory reserves, as required under law by the State of Minnesota, in proportion to the Reinsurer's liability for reinsurance on each policy reinsured.
