Common use of REINSURANCE COVERAGE Clause in Contracts

REINSURANCE COVERAGE. The Company will retain [*] first dollar quota share of each policy up to the Retention Limits specified in Exhibit E. It is understood that if the Company or the Company’s affiliates has retention on existing insurance, the Company may retain less than [*] of a policy reinsured under this Agreement, in order to avoid exceeding the Company’s Retention Limits. For policies on lives that qualify for Automatic Reinsurance Coverage, [*] first-dollar quota share of the policy’s net amount at risk, up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I will be reinsured with the Reinsurer. It is understood that once the Company is fully retained, according to its Retention Limits specified in Exhibit E, a maximum of [*] of the policy’s net amount at risk up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I will be reinsured with the Reinsurer.

Appears in 2 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

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REINSURANCE COVERAGE. The Company will retain [*] first dollar quota share of each policy up to the Retention Limits specified in Exhibit E. It is understood that if the Company or the Company’s affiliates has retention on existing insurance, the Company may retain less than [*] of a policy reinsured under this Agreement, in order to avoid exceeding the Company’s Retention Limits. For policies on lives that qualify for Automatic Reinsurance Coverage, [*] first-dollar quota share of the policy’s net amount at risk, up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I will be reinsured with the Reinsurer. It is understood that once the Company is fully retained, according to its Retention Limits specified in Exhibit E, a maximum of [*] of the policy’s net amount at risk up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I will be reinsured with the Reinsurer.

Appears in 2 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

REINSURANCE COVERAGE. The Company will retain [*] first dollar quota share of each policy up to the Retention Limits specified in Exhibit E. It is understood that if the Company or the Company’s affiliates has retention on existing insurance, the Company may retain less than [*] of a policy reinsured under this Agreement, in order to avoid exceeding the Company’s Retention Limits. For policies on lives that qualify for Automatic Reinsurance Coverage, [*] first-dollar quota share of the policy’s net amount at risk, up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I II will be reinsured with the Reinsurer. It is understood that once the Company is fully retained, according to its Retention Limits specified in Exhibit E, a maximum of [*] of the policy’s net amount at risk up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I II will be reinsured with the Reinsurer.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

REINSURANCE COVERAGE. The Company will retain [*] first dollar quota share of each policy up to the Retention Limits specified in Exhibit E. It is understood that if the Company or the Company’s affiliates has retention on existing insurance, the Company may retain less than [*] of a policy reinsured under this Agreement, in order to avoid exceeding the Company’s Retention Limits. For policies on lives that qualify for Automatic Reinsurance Coverage, ten percent [*] ]first-dollar quota share of the policy’s net amount at risk, up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I II will be reinsured with the Reinsurer. It is understood that once the Company is fully retained, according to its Retention Limits specified in Exhibit E, a maximum of [*] of the policy’s net amount at risk up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I II will be reinsured with the Reinsurer.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

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REINSURANCE COVERAGE. The Company will retain [*] ]first dollar quota share of each policy up to the Retention Limits specified in Exhibit E. It is understood that if the Company or the Company’s affiliates has retention on existing insurance, the Company may retain less than [*] ]of a policy reinsured under this Agreement, in order to avoid exceeding the Company’s Retention Limits. For policies on lives that qualify for Automatic Reinsurance Coverage, [*] ]first-dollar quota share of the policy’s net amount at risk, up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I will be reinsured with the Reinsurer. It is understood that once the Company is fully retained, according to its Retention Limits specified in Exhibit E, a maximum of fifty percent [*] of the policy’s net amount at risk up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I will be reinsured with the Reinsurer.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

REINSURANCE COVERAGE. The Company will retain [*] ]first dollar quota share of each policy up to the Retention Limits specified in Exhibit E. It is understood that if the Company or the Company’s affiliates has retention on existing insurance, the Company may retain less than [*] ]of a policy reinsured under this Agreement, in order to avoid exceeding the Company’s Retention Limits. For policies on lives that qualify for Automatic Reinsurance Coverage, [*] first-dollar quota share of the policy’s net amount at risk, up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I II will be reinsured with the Reinsurer. It is understood that once the Company is fully retained, according to its Retention Limits specified in Exhibit E, a maximum of [*] of the policy’s net amount at risk up to the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-I II will be reinsured with the Reinsurer.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

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