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.
Appears in 10 contracts
Samples: Novation Agreement (Minnesota Life Variable Life Account), Novation Agreement (Minnesota Life Variable Life Account), Reinsurance Agreement (Utg Inc)
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.COMPANY B.
Appears in 1 contract
Samples: Reinsurance Agreement (Farmers Variable Life Separate Account A)
