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.
Appears in 6 contracts
Samples: Reinsurance Agreement Effective December (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Reinsurance Agreement (Separate Account Vl I of Hartford Life Insurance Co)
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. If an exchange is requested where the death benefit is increased, the Reinsurer must consent to the change. 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.
Appears in 2 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I), Yearly Renewable Term Reinsurance Agreement (Hartford Life & Annuity Insurance Co Sep Account Vl I)
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. If a change is requested on a facultatively reinsured policy, the Reinsurer must consent to the change if there is an increase in coverage. 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.
Appears in 1 contract
Samples: Reinsurance Agreement (Separate Account Vl I of Hartford Life Insurance Co)
