Common use of REQUIREMENTS FOR AUTOMATIC REINSURANCE Clause in Contracts

REQUIREMENTS FOR AUTOMATIC REINSURANCE. A. The individual risk must be in a jurisdiction in which we are duly licensed and/or authorized to do business. B. The individual risk must be underwritten by us according to our standard underwriting practices and guidelines. Any risk falling into the category of special underwriting programs will be excluded from this Agreement unless previously agreed to by you via a letter amendment. C. Any risk offered on a facultative basis by us to you or any other company will not qualify for automatic reinsurance under this Agreement on the same life unless: (i) Reinsurance on the life was previously ceded on a facultative basis because of binding or jumbo limit violations and these limits have since been increased, or, (ii) The risk which required facultative submission has changed significantly or has been eliminated altogether, so that the individual insured qualifies for automatic reinsurance based on our current underwriting guidelines; and the original facultative cession has been in force for at least two years. D. The maximum issue age on any risk will be age 89; and for disability waiver of premium, age 55. The issue age basis for policies issued under this Agreement is age nearest birthday. E. The mortality rating on each individual risk must not exceed Table 8, Table H, or 300%, or its equivalent, as shown in our retention schedule, on a flat extra premium basis. The mortality rating for a disability waiver of premium risk must not exceed Table 4, Table D, or 200%. F. The maximum amount of insurance issued and applied for in all companies on each risk must not exceed the jumbo limits as stated in Schedule A. G. On each individual life, we must retain the amounts of insurance according to our published retention limits. H. The maximum amount of insurance to be reinsured on a life must not exceed the automatic binding limits as stated in Schedule A.

REQUIREMENTS FOR AUTOMATIC REINSURANCE. A. The individual risk must be in a jurisdiction in which we are duly licensed and/or authorized to do business. B. The individual risk must be underwritten by us according to our standard underwriting practices and guidelines. Any risk falling into the category of special underwriting programs will be excluded from this Agreement unless previously agreed to by you via a letter amendment. C. Any risk offered on a facultative basis by us to you or any other company will not qualify for automatic reinsurance under this Agreement on the same life unless: (i) Reinsurance on the life was previously ceded on a facultative basis because of binding or jumbo limit violations and these limits have since been increased, or, (ii) The risk which required facultative submission has changed significantly or has been eliminated altogether, so that the individual insured qualifies for automatic reinsurance based on our current underwriting guidelines; and the original facultative cession has been in force for at least two years. D. The maximum issue age on any risk will be age 8980; and for disability waiver of premium, age 55. The issue age basis for policies issued under this Agreement is age nearest birthday. E. The mortality rating on each individual risk must not exceed Table 8, Table H, or 300%, or its equivalent, as shown in our retention schedule, on a flat extra premium basis. The mortality rating for a disability waiver of premium risk must not exceed Table 4, Table D, or 200%. F. The maximum amount of insurance issued and applied for in all companies on each risk must not exceed the jumbo limits as stated in Schedule A. G. On each individual life, we must retain the amounts of insurance according to our published retention limits. H. The maximum amount of insurance to be reinsured on a life must not exceed the automatic binding limits as stated in Schedule A.

REQUIREMENTS FOR AUTOMATIC REINSURANCE. A. The individual risk must be in a jurisdiction in which we are duly licensed and/or authorized to do business. B. The individual Each fully underwritten risk must be underwritten by us according to our standard underwriting practices and guidelines. Any Each simplified-issue risk falling into the category must be underwritten according to our simplified underwriting guidelines of special underwriting programs will be excluded from this Agreement unless previously agreed to by you via a letter amendment.Exhibit I. C. Any risk offered on a facultative basis by us to you or any other company will not qualify for automatic reinsurance under this Agreement on the same life unless: (i) Reinsurance on the life was previously ceded on a facultative basis because of binding or jumbo limit violations and these limits have since been increased, or, (ii) The risk which required facultative submission has changed significantly or has been eliminated altogether, so that the individual insured qualifies for automatic reinsurance based on our current underwriting guidelines; and the original facultative cession has been in force for at least two years. D. The maximum issue age on any risk will be age 89; and for disability waiver of premium, age 55. The issue age basis for policies issued under this Agreement is age nearest birthday. E. The mortality rating on each individual fully underwritten risk must not exceed Table 8, Table H, or 300%, or its equivalent, as shown in our retention schedule, on a flat extra premium basis. The mortality rating for a disability waiver of premium risk must not exceed Table 4, Table D, or 200%. F. The maximum amount of insurance issued and applied for in all companies on each risk must not exceed the jumbo limits as stated in Schedule A. G. On each individual life, we must retain the amounts of insurance according to our published retention limits. H. The maximum amount of insurance to be reinsured on a life must not exceed the automatic binding limits as stated in Schedule A.

REQUIREMENTS FOR AUTOMATIC REINSURANCE. A. The individual risk risks must be in a jurisdiction in which we are duly licensed and/or authorized to do business. B. The individual risk risks must be underwritten by us according to our standard underwriting practices and guidelines. Any risk falling into the category of special underwriting programs will be excluded from this Agreement unless previously agreed to by you via a letter an amendment. C. Any risk offered on a facultative basis by us to you or any other company will not qualify for automatic reinsurance under this Agreement on the same life lives unless: (i) Reinsurance on the life lives was previously ceded on a facultative basis because of binding or jumbo limit violations and these limits have since been increased, or, (ii) The risk which required facultative submission has changed significantly or has been eliminated altogether, so that the individual insured qualifies Joint Insureds qualify for automatic reinsurance based on our current underwriting guidelines; and the original facultative cession has been in force for at least two years. D. The maximum Neither of the insureds' issue age on any risk ages will be age exceed 89; and for disability waiver of premium, age 55. The issue age basis for policies issued under this Agreement is age nearest birthday. E. The If both lives are insurable, the mortality rating on each individual risk must not exceed Table 8, Table H, or 300%, or its equivalent, that as shown in our retention schedule, on a flat extra premium basisExhibit III. The An uninsurable life's mortality rating for a disability waiver of premium risk must not will exceed Table 4, Table D, or 200%.P. F. The maximum amount of insurance issued and applied for in all companies on each risk must not exceed the jumbo limits as stated in Schedule A. G. On each individual life, we must retain the amounts of insurance according to our published retention limitslimits shown in Exhibit III. H. The maximum amount of insurance to be reinsured on a life must not exceed the automatic binding limits as stated in Schedule A.