Common use of REQUIREMENTS FOR AUTOMATIC REINSURANCE Clause in Contracts

REQUIREMENTS FOR AUTOMATIC REINSURANCE. A. The individual risk must be a permanent resident of the United States or Canada. B. The individual risk must be underwritten by the CEDING COMPANY according to the standard underwriting practices and guidelines as shown in Exhibit IA. The CEDING COMPANY shall immediately notify BMA of any changes in underwriting practices or guidelines. Any risk falling into a category of special underwriting programs shall be excluded from this Agreement. C. Any risk offered on a facultative basis to BMA or any other reinsurer shall not qualify for automatic reinsurance. D. The maximum issue age on any risk shall be age 70. Issue ages over 70 must be submitted facultatively. E. The mortality rating on any one risk must not exceed Table 8, or 300%, or its equivalent on a flat extra premium basis. Cases exceeding Table 8, or 300%, or its equivalent must be submitted facultatively. F. The maximum amount of insurance issued and applied for in all companies on any one risk shall not exceed the Jumbo limits as stated in Schedule A. G. On any risk, the CEDING COMPANY must retain the amounts of insurance as stated in Exhibit I. H. The maximum amounts of insurance to be reinsured on any one life shall not exceed the automatic binding limits as stated in Schedule A. I. The minimum amount of insurance to be ceded shall be $5,000.

REQUIREMENTS FOR AUTOMATIC REINSURANCE. A. The individual risk must be a permanent resident of the United States or Canada. B. The individual risk must be underwritten by the CEDING COMPANY according to the standard underwriting practices and guidelines as shown in Exhibit IA. The CEDING COMPANY shall immediately notify BMA of any changes in underwriting practices or guidelines. Any risk falling into a category of special underwriting programs shall be excluded from this Agreement. C. Any risk offered on a facultative basis to BMA or any other reinsurer shall not qualify for automatic reinsurance. D. The maximum issue age on any risk shall be age 70. Issue ages over 70 must be submitted facultatively. E. The mortality rating on any one risk must not exceed Table 8, or 300%, or its equivalent on a flat extra premium basis. Cases exceeding Table 8, or 300%, or its equivalent must be submitted facultatively. F. The maximum amount of insurance issued and applied for in all companies on any one risk shall not exceed the Jumbo limits as stated in Schedule A. G. On any risk, the CEDING COMPANY must retain the amounts of insurance as stated in Exhibit I. H. The maximum amounts of insurance to be reinsured on any one life shall not exceed the automatic binding limits as stated in Schedule A. I. The minimum amount of insurance to be ceded shall be $5,000.. 5