Common use of REQUIREMENTS FOR FACULTATIVE REINSURANCE Clause in Contracts

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance with the Reinsurer, or if the requirements for automatic reinsurance are not met and the Ceding Company applies for facultative reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers relating to the insurability of the individual risk for facultative reinsurance. 2. For applications for facultative reinsurance, Ceding Company will send copies of all of the papers relating to the insurability of the individual risk to the Reinsurer. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless accepted earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance are met except that the face amount of insurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Limit, then the Ceding Company will submit to the Lead Reinsurer, (as designated in Schedule A), all papers relating to the insurability of the individual risk. The Lead Reinsurer shall review the papers to determine if the Pool should reinsure the risk, and, if so, on what basis. The Lead Reinsurer shall provide Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit II.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance Automatic Reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance Facultative Reinsurance with the Reinsurer, or if the requirements for automatic reinsurance Automatic Reinsurance are not met and the Ceding Company applies for facultative reinsurance Facultative Reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers papers, facsimiles, or sufficient evidence agreed upon between the Ceding Company and the Reinsurer relating to the insurability of the individual risk life for facultative reinsuranceFacultative Reinsurance. 2. For applications for facultative reinsuranceFacultative Reinsurance, the Ceding Company will send copies of all of the papers or facsimiles relating to the insurability of the individual risk to the Reinsurer. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless coverage is accepted or put in place earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance Automatic Reinsurance are met except that the face amount of insurance reinsurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Automatic Processing Limit, then the Ceding Company will submit to the Lead Reinsurer, Reinsurer (as designated in Schedule A), B) all papers relating to the insurability of the individual risk. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskpool, and, if so, on what basis. The Lead Reinsurer shall provide the Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit II.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance Automatic Reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance Facultative Reinsurance with the Reinsurer, or if the requirements for automatic reinsurance Automatic Reinsurance are not met and the Ceding Company applies for facultative reinsurance Facultative Reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers papers, facsimiles, or sufficient evidence agreed upon between the Ceding Company and the Reinsurer relating to the insurability of the individual risk life for facultative reinsuranceFacultative Reinsurance. 2. For applications for facultative reinsuranceFacultative Reinsurance, the Ceding Company will send copies of all of the papers or facsimiles relating to the insurability of the individual risk to the Reinsurer. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 (90) ninety days from the date of the final offer, unless coverage is accepted or put in place earlier. This (90) day limitation will be indicated by the Reinsurer on the final reinsurance offer. 3. Notwithstanding the above, if the requirements for automatic reinsurance Automatic Reinsurance are met except that the face amount of insurance reinsurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Automatic Processing Limit, then the Ceding Company will submit to the Lead Reinsurer, Reinsurer (as designated in Schedule A), B) all papers relating to the insurability of the individual risk. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskpool, and, if so, on what basis. The Lead Reinsurer shall provide the Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit II.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance with the Reinsurer, or if the requirements for automatic reinsurance are not met and the Ceding Company applies for facultative reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers relating to the insurability of the individual risk each life for facultative reinsurance. 2. For applications for facultative reinsurance, Ceding Company will send copies of all of the papers relating to the insurability of the individual risk each life to the Reinsurer. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless accepted earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance are met except that the face amount of insurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Limit, then the Ceding Company will submit to the Lead Reinsurer, (as Reinsurer,(as designated in Schedule A), all papers relating to the insurability of the individual riskeach life. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskPool, and, if so, on what basis. The Lead Reinsurer shall provide Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit II.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance Automatic Reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance Facultative Reinsurance with the Reinsurer, or if the requirements for automatic reinsurance Automatic Reinsurance are not met and the Ceding Company applies for facultative reinsurance Facultative Reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers papers, facsimiles, or sufficient evidence agreed upon between the Ceding Company and the Reinsurer relating to the insurability of the individual risk each life for facultative reinsuranceFacultative Reinsurance. 2. For applications for facultative reinsuranceFacultative Reinsurance, the Ceding Company will send copies of all of the papers or facsimiles relating to the insurability of the individual risk each life to the Reinsurer, with the exception of situations where one life is uninsurable. In those situations, only the papers or facsimiles on the insurable life will be sent. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 (90) ninety days from the date of the final offer, unless coverage is accepted or put in place earlier. This (90) day limitation will be indicated by the Reinsurer on the final reinsurance offer. 3. Notwithstanding the above, if the requirements for automatic reinsurance Automatic Reinsurance are met except that the face amount of insurance reinsurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Automatic Processing Limit, then the Ceding Company will submit to the Lead Reinsurer, Reinsurer (as designated in Schedule A), B) all papers relating to the insurability of the individual riskeach life. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskpool, and, if so, on what basis. The Lead Reinsurer shall provide the Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit IIExhibits II and III.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance Automatic Reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance Facultative Reinsurance with the Reinsurer, or if the requirements for automatic reinsurance Automatic Reinsurance are not met and the Ceding Company applies for facultative reinsurance Facultative Reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers papers, facsimiles, or sufficient evidence agreed upon between the Ceding Company and the Reinsurer relating to the insurability of the individual risk life for facultative reinsuranceFacultative Reinsurance. 2. For applications for facultative reinsuranceFacultative Reinsurance, the Ceding Company will send copies of all of the papers or facsimiles relating to the insurability of the individual risk each life to the Reinsurer, with the exception of situations where one life is uninsurable. In those situations, only the papers or facsimiles on the insurable life will be sent. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless coverage is accepted or put in place earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance Automatic Reinsurance are met except that the face amount of insurance reinsurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Automatic Processing Limit, then the Ceding Company will submit to the Lead Reinsurer, Reinsurer (as designated in Schedule A), B) all papers relating to the insurability of the individual risk. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskpool, and, if so, on what basis. The Lead Reinsurer shall provide the Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit IIExhibits II and III.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance Automatic Reinsurance are met, but the Ceding Company company prefers to apply for facultative reinsurance Facultative Reinsurance with the Reinsurer, or if the requirements for automatic reinsurance Automatic Reinsurance are not met and the Ceding Company applies for facultative reinsurance Facultative Reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers papers, facsimiles, or sufficient evidence agreed upon between the Ceding Company and the Reinsurer relating to the insurability of the individual risk life for facultative reinsuranceFacultative Reinsurance. 2. For applications for facultative reinsuranceFacultative Reinsurance, the Ceding Company will send copies of all of the papers or facsimiles relating to the insurability of the individual risk each life to the Reinsurer, with the exception of situations where one life is uninsurable. In those situations, only the papers or facsimiles on the insurable life will be sent. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless coverage is accepted or put in place earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance Automatic Reinsurance are met except that the face amount of insurance reinsurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Automatic Processing Limit, then the Ceding Company will submit to the Lead Reinsurer, Reinsurer (as designated in Schedule A), B) all papers relating to the insurability of the individual risk. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskpool, and, if so, on what basis. The Lead Reinsurer shall provide the Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be Last Survivor Excess Treaty -- Effective 3/01/2004 Between HLIC and RGA Amendment 12 -- Effective 6/01/2005 [ILLEGIBLE] 9673-00-09 binding on all other Pool pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit IIExhibits II and III.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance with the Reinsurer, or if the requirements for automatic reinsurance are not met and the Ceding Company applies for facultative reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers relating to the insurability of the individual risk each life for facultative reinsurance. 2. For applications for facultative reinsurance, Ceding Company will send copies of all of the papers relating to the insurability of the individual risk each life to the Reinsurer. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless accepted earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance are met except that the face amount of insurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Limit, then the Ceding Company will submit to the Lead Reinsurer, (as designated in Schedule A), all papers relating to the insurability of the individual riskeach life. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskPool, and, if so, on what basis. The Lead Reinsurer shall provide Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit II.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance with the Reinsurer, or if the requirements for automatic reinsurance are not met and the Ceding Company applies for facultative reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers relating to the insurability of the individual risk each life for facultative reinsurance. 2. For applications for facultative reinsurance, Ceding Company will send copies of all of the papers relating to the insurability of the individual risk each life to the Reinsurer. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless accepted earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance are met except that the face amount of insurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Limit, then the Ceding Company will submit to the Lead Reinsurer, (as designated in Schedule A), all papers relating to the insurability of the individual riskeach life. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskPool, and, if so, on what basis. The Lead Reinsurer shall provide Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit II.. C. Basis of Reinsurance Reinsurance under this Agreement will be on the basis as stated in Schedule B.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance with the Reinsurer, or if the requirements for automatic reinsurance are not met and the Ceding Company applies for facultative reinsurance with the Reinsurer, then the Ceding Company must submit to the Reinsurer all the papers relating to the insurability of the individual risk for facultative reinsurance. 2. For applications for facultative reinsurance, Ceding Company will send copies of all of the papers relating to the insurability of the individual risk to the Reinsurer. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless accepted earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance are met except that the face amount of insurance applied for is greater than the Automatic Issue Limit, but does not exceed the Auto Process Limit, then the Ceding Company will will, submit to the Lead Reinsurer, (as designated in Schedule A), all papers relating to the insurability of the individual risk. The Lead Reinsurer shall review the papers to determine if the Pool should reinsure the risk, and, if so, on what basis. The Lead Reinsurer shall provide Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit II.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance Automatic Reinsurance are met, but the Ceding Company prefers to apply for facultative reinsurance Facultative Reinsurance with the Reinsurer, or if the requirements for automatic reinsurance Automatic Reinsurance are not met and the Ceding Company applies for facultative reinsurance Facultative Reinsurance with the Reinsurer, then prior to issue the Ceding Company must submit to the Reinsurer all the papers documents, facsimiles, or sufficient evidence agreed upon between the Ceding Company and the Reinsurer relating to the insurability of the individual risk each life for facultative reinsuranceFacultative Reinsurance. 2. a. For applications for facultative reinsuranceFacultative Reinsurance, the Ceding Company will send copies of all of the papers or facsimiles relating to the insurability of the individual risk each life to the Reinsurer, with the exception of situations where one life is uninsurable. In those situations, only the papers or facsimiles on the insurable life will be sent. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the individual risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless coverage is accepted or put in place earlier. b. For applications for Facultative Reinsurance other than for size (i.e., facultative for medical reasons), the Ceding Company will send copies of all of the papers or facsimiles relating to the insurability of each life to the Reinsurer, with the exception of situations where one life is standard or preferred, only the papers or facsimiles on the non-standard or non-preferred life will be sent. After the Reinsurer has examined the request, the Reinsurer will promptly notify the Ceding Company of the underwriting offer subject to additional requirements or the final underwriting offer. The final underwriting offer on the risk will automatically terminate upon the earlier of the withdrawal of the application or 120 days from the date of the final offer, unless coverage is accepted or put in place earlier. 3. Notwithstanding the above, if the requirements for automatic reinsurance Automatic Reinsurance are met except that the face amount of insurance reinsurance applied for is greater than the Last Survivor Excess Pool Between HLAIC and Revios Re Effective 01/01/2002 Automatic Issue Limit, but does not exceed the Auto Process Automatic Processing Limit, then the Ceding Company will submit to the Lead Reinsurer, Reinsurer (as designated in Schedule A), B) all papers relating to the insurability of the individual riskeach life. The Lead Reinsurer shall review the papers to determine if the Pool risk should reinsure be reinsured by the riskpool, and, if so, on what basis. The Lead Reinsurer shall provide the Ceding Company with a response within 24 hours of receipt of the papers. Approval of the Lead Reinsurer shall be binding on all other Pool pool members. This process shall be known as Automatic Processing and subject to the limitations in Exhibit IIExhibits II and III.