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.
Appears in 3 contracts
Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii), Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii)
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 reinsured under this Agreement 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.. Last Survivor Excess Pool Between HLAIC and Revios Re Effective 01/01/2002
Appears in 1 contract
Samples: Reinsurance Agreement (Hartford Life & Annuity Ins Co Separate Acount Vlii)
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 reinsured under this Agreement 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.. Last Survivor Excess Pool Between HLIC and Revios Re Effective 01/01/2002
Appears in 1 contract
Samples: Reinsurance Agreement (Hartford Life Insurance Co Separate Account Vl Ii)
