Common use of Reinsurance Cessions Clause in Contracts

Reinsurance Cessions. Automatic Cessions Details for all automatic cessions will be outlined in the applicable Reinsurance Report set out in Exhibit F. The Company agrees to send copies of the application, underwriting papers and other papers for an automatic cession on any life upon the request from the Reinsurer. Facultative Cessions The Company may apply for reinsurance by sending to the Reinsurer copies of all pertinent papers, including the original application, medical examination, inspection reports, physician’s statements, urinalyses, and all other information that the Company may have relating to the insurability of the risk. The Company shall have ninety (90) days from the date of the Reinsurer’s final offer in which to place the policy with the insured/owner, after which time the Reinsurer’s offer shall expire unless the Reinsurer explicitly states in writing that the offer is extended for some further period. After consideration of the pertinent papers, the Reinsurer shall promptly inform the Company of its underwriting decision. If the underwriting decision is acceptable to the Company and the Company’s policy is subsequently placed in force in accordance with the Company’s placement rules, the Company shall advise the Reinsurer in the manner described in Exhibit F. The Company will advise the Reinsurer of its acceptance of the Reinsurer’s underwriting decisions pertaining to facultative business by sending written notice to the Reinsurer. If any application to the Reinsurer is not to be placed with the Reinsurer, the Company shall advise the Reinsurer so that the Reinsurer can complete its records. For all cessions reinsured hereunder, the Company shall advise the Reinsurer as outlined in Exhibit F. Data Notification The Company shall self-administer all business reinsured under this Agreement. The Company shall provide the Reinsurer with the reports as set out in Exhibit F. The Company, upon request, will provide the Reinsurer with any other information related to the business reinsured under this Agreement and which the Reinsurer requires in order to complete its financial statements.

Reinsurance Cessions. Automatic Cessions Details for For all automatic cessions will be outlined the Company shall advise the Reinsurer in the applicable Reinsurance Report set out manner described in Exhibit F. The Company agrees to send copies of the application, underwriting papers and other papers for an automatic cession on any life upon the request from the Reinsurer. Facultative Cessions The Company may apply for reinsurance by sending to the Reinsurer copies of all pertinent papers, including the original application, medical examination, inspection reports, physician’s statements, urinalyses, and all other information that the Company may have relating to the insurability of the risk. The Company shall have ninety (90) days from the date of the Reinsurer’s final offer in which to place the policy with the insured/owner, after which time the Reinsurer’s offer shall expire unless the Reinsurer explicitly states in writing that the offer is extended for some further period. After consideration of the pertinent papers, the Reinsurer shall promptly inform the Company of its underwriting decision. If the underwriting decision is acceptable to the Company and the Company’s policy is subsequently placed in force in accordance with the Company’s placement rules, the Company shall advise the Reinsurer in the manner described in Exhibit F. The Company will advise the Reinsurer of its acceptance of the Reinsurer’s underwriting decisions decision pertaining to facultative business by sending written notice to the Reinsurer. If any application to the Reinsurer is not to be placed with the Reinsurer, the Company shall advise the Reinsurer so that the Reinsurer can complete its records. For all cessions reinsured hereunder, the Company shall advise the Reinsurer as outlined in Exhibit F. Data Notification The Company shall self-administer all business reinsured under this Agreement. The Company shall provide the Reinsurer with the reports as set out in Exhibit F. Risks ceded pursuant to the Residency Requirement for Foreign Residents set forth in Exhibit B, shall be specifically identified by the applicable A or B country classification. The Company, upon request, will provide the Reinsurer with any other information related to the business reinsured under this Agreement and which the Reinsurer requires in order to complete its financial statements.

Reinsurance Cessions. Automatic Cessions Details for For all automatic cessions will be outlined the Company shall advise the Reinsurer in the applicable Reinsurance Report set out manner described in Exhibit F. The Company agrees to send copies of the application, underwriting papers and other papers for an automatic cession on any life upon the request from the Reinsurer. Facultative Cessions The Company may apply for reinsurance by sending to the Reinsurer copies of all pertinent papers, including the original application, medical examination, inspection reports, physician’s statements, urinalysesurinalysis, and all other information that the Company may have relating to the insurability of the risk. The Company shall have ninety (90) days from the date of the Reinsurer’s final offer in which to place the policy with the insured/owner, after which time the Reinsurer’s offer shall expire unless the Reinsurer explicitly states in writing that the offer is extended for some further period. After consideration of the pertinent papers, the Reinsurer shall promptly inform the Company of its underwriting decision. If the underwriting decision is acceptable to the Company and the Company’s policy is subsequently placed in force in accordance with the Company’s placement rules, the Company shall advise the Reinsurer in the manner described in Exhibit F. The Company will advise the Reinsurer of its acceptance of the Reinsurer’s underwriting decisions decision pertaining to facultative business by sending written notice to the Reinsurer. If any application to the Reinsurer is not to be placed with the Reinsurer, the Company shall advise the Reinsurer so that the Reinsurer can complete its records. For all facultative cessions reinsured hereunder, the Company shall advise the Reinsurer as outlined in the manner described in Exhibit F. Data Notification The Company shall self-administer all business reinsured under this Agreement. The Company shall provide the Reinsurer with the reports as set out in Exhibit F. The Company, upon request, will provide the Reinsurer with any other information related to the business reinsured under this Agreement and which the Reinsurer requires in order to complete its financial statements.

Reinsurance Cessions. Automatic Cessions Details for For all automatic cessions will be outlined the Company shall advise the Reinsurer in the applicable Reinsurance Report set out manner described in Exhibit F. The Company agrees to send copies of the application, underwriting papers and other papers for an automatic cession on any life upon the request from the Reinsurer. Facultative Cessions The Company may apply for reinsurance by sending to the Reinsurer copies of all pertinent papers, including the original application, medical examination, inspection reports, physician’s statements, urinalysesurinalysis, and all other information that the Company may have relating to the insurability of the risk. The Company shall have ninety (90) days from the date of the Reinsurer’s final offer in which to place the policy with the insured/owner, after which time the Reinsurer’s offer shall expire unless the Reinsurer explicitly states in writing that the offer is extended for some further period. After consideration of the pertinent papers, the Reinsurer shall promptly inform the Company of its underwriting decision. If the underwriting decision is acceptable to the Company and the Company’s policy is subsequently placed in force in accordance with the Company’s placement rules, the Company shall advise the Reinsurer in the manner described in Exhibit F. The Company will advise the Reinsurer of its acceptance of the Reinsurer’s underwriting decisions decision pertaining to facultative business by sending written notice to the Reinsurer. If any application to the Reinsurer is not to be placed with the Reinsurer, the Company shall advise the Reinsurer so that the Reinsurer can complete its records. For all facultative cessions reinsured hereunder, the Company shall advise the Reinsurer as outlined in the manner described in Exhibit F. Data Notification The Company shall self-administer all business reinsured under this Agreement. The Company shall provide the Reinsurer with the reports as set out in Exhibit F. The Company, upon request, will provide the Reinsurer with any other information related to the business reinsured under this Agreement and which the Reinsurer requires in order to complete its financial statements.. Table of Contents