Common use of REQUIREMENTS FOR FACULTATIVE REINSURANCE Clause in Contracts

REQUIREMENTS FOR FACULTATIVE REINSURANCE. A. Plan of Insurance Listed in Schedule A: 1) If the Requirements for Automatic Reinsurance are met but the CEDING COMPANY prefers to apply for facultative reinsurance, or 2) If Requirements for Automatic Reinsurance are not met, then the CEDING COMPANY must submit to LINCOLN all the underwriting documentation relating to the insurability of the individual risk for facultative reinsurance. B. Plan of Insurance Not Listed in Schedule A: On a yearly Renewable Term treaty the CEDING COMPANY may submit application for facultative reinsurance on any plan(s). On a Coinsurance treaty the CEDING COMPANY may submit an application for facultative reinsurance only on plan(s) listed in Schedule A. C. An application for facultative reinsurance may include life insurance with or without either disability waiver of premium or accidental death or both. Supplemental benefits without life are excluded from this agreement. D. Copies of all underwriting papers relating to the insurability of the individual risk must be sent to LINCOLN for facultative reinsurance. After LINCOLN has examined the underwriting papers, LINCOLN will promptly notify the CEDING COMPANY of the underwriting offer subject to additional requirements, the final underwriting offer or declination. Any final underwriting offer on the individual risk will automatically terminate upon the earliest of: 1) The date LINCOLN receives notice of a withdrawal/cancellation by the CEDING COMPANY, 2) 120 days after the date on which the offer was made, or 3) The date specified in LINCOLN's approval to extend the offer. E. The minimum amount of reinsurance to be ceded shall be as stated in Schedule A.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. A. Plan of Insurance Listed in Schedule A: 1) If the Requirements for Automatic Reinsurance are met but the CEDING COMPANY prefers to apply for facultative reinsurance, or 2) If Requirements for Automatic Reinsurance are not met, then the CEDING COMPANY must submit to LINCOLN GENERALI all the underwriting documentation relating to the insurability of the individual risk for facultative reinsurance. B. Plan of Insurance Not Listed in Schedule A: On a yearly Yearly Renewable Term Teem treaty the CEDING COMPANY may submit an application for facultative reinsurance on any the plan(s). ) specified in Schedule A. On a Coinsurance treaty the CEDING COMPANY may submit an application for facultative reinsurance only on plan(s) listed in Schedule A. C. An application for facultative reinsurance may include life insurance with or without either disability waiver of premium or accidental death or both. Supplemental benefits without life are excluded from this agreement. D. Copies of all underwriting papers relating to the insurability of the individual risk must be sent to LINCOLN GENERALI for facultative reinsurance. After LINCOLN GENERALI has examined the underwriting papers, LINCOLN GENERALI will promptly notify the CEDING COMPANY of the underwriting offer subject to additional requirements, the final underwriting offer or declination. Any final underwriting offer on the individual risk will automatically terminate upon the earliest of: 1) The date LINCOLN GENERALI receives notice of a withdrawal/cancellation by the CEDING COMPANY, 2) 120 days after the date on which the offer was made, or 3) The date specified in LINCOLNGENERALI's approval to extend the offer. E. The minimum amount of reinsurance insurance to be ceded shall be as stated in Schedule A.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. A. Plan of Insurance Listed in Schedule A: (1) If the Requirements for Automatic Reinsurance are met but the CEDING COMPANY prefers to apply for facultative reinsurance, or (2) If Requirements for Automatic Reinsurance are not met, met then the CEDING COMPANY must submit to LINCOLN BMA all the underwriting documentation relating to the insurability of the individual risk for facultative reinsurance. B. Plan of Insurance Not Listed in Schedule A: On a yearly Yearly Renewable Term treaty the CEDING COMPANY may submit an application for facultative reinsurance on any plan(s). On a Coinsurance treaty the CEDING COMPANY may Ceding Company cannot submit an application for facultative reinsurance only on plan(s) other than the plan(s) listed in Schedule A. C. An application for facultative reinsurance may include life insurance with or without either disability waiver of premium or accidental death or both. Supplemental benefits without life are excluded from this agreementnot accepted on an individual cession basis. D. Copies of all underwriting papers relating to the insurability of the individual risk must be sent to LINCOLN BMA for facultative reinsurance. After LINCOLN BMA has examined the underwriting papers, LINCOLN BMA will promptly notify the CEDING COMPANY of the underwriting offer subject to additional requirements, the final underwriting offer or declination. Any final underwriting offer on the individual risk will automatically terminate upon the earliest of: (1) The date LINCOLN BMA receives notice of a withdrawal/cancellation by the CEDING COMPANY, , (2) 120 days after the date on which the offer was made, or (3) The date specified in LINCOLNBMA's approval to extend the offer. E. The minimum amount of reinsurance insurance to be ceded shall be as stated in Schedule A.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. A. Plan of Insurance Listed in Schedule A: 1) If the Requirements for Automatic Reinsurance are met but the CEDING COMPANY prefers to apply for facultative reinsurance, or 2) If Requirements for Automatic Reinsurance are not met, then the CEDING COMPANY must submit to LINCOLN BMA all the underwriting documentation relating to the insurability of the individual risk for facultative reinsurance. B. Plan of Insurance Not Listed in Schedule A: On a yearly Yearly Renewable Term treaty the CEDING COMPANY may submit an application for facultative reinsurance on any plan(s). On a Coinsurance treaty the CEDING COMPANY may submit an application for facultative reinsurance only on plan(s) listed in Schedule A. C. An application for facultative reinsurance may include life insurance with or without either disability waiver of or premium or accidental death or both. Supplemental benefits without life are excluded from this agreement. D. Copies of all underwriting papers relating to the insurability of the individual risk must be sent to LINCOLN BMA for facultative reinsurance. After LINCOLN BMA has examined the underwriting papers, LINCOLN BMA will promptly notify the CEDING COMPANY of the underwriting offer subject to additional requirements, the final underwriting offer or declination. Any final underwriting offer on the individual risk will automatically terminate upon the earliest of: 1) The date LINCOLN BMA receives notice of a withdrawal/cancellation by the CEDING COMPANY, 2) 120 days after the date on which the offer was made, or 3) The date specified in LINCOLNBMA's approval to extend the offer. E. The minimum amount of reinsurance insurance to be ceded shall be as stated in Schedule A.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. A. Plan of Insurance Listed in Schedule A: 1) If the Requirements for Automatic Reinsurance are met but the CEDING COMPANY prefers to apply for facultative reinsurance, or 2) If Requirements for Automatic Reinsurance are not met, then the CEDING COMPANY must submit to LINCOLN BMA all the underwriting documentation relating to the insurability of the individual risk for facultative reinsurance. B. Plan of Insurance Not Listed in Schedule A: On a yearly Yearly Renewable Term treaty the CEDING COMPANY may submit an application for facultative reinsurance on any plan(s). On a Coinsurance treaty the CEDING COMPANY may submit an application for facultative reinsurance only on plan(s) listed in Schedule A. C. An application for facultative reinsurance may include life insurance with or without either disability waiver of premium or accidental death or both. Supplemental benefits without life are excluded from this agreement. D. Copies of all underwriting papers relating to the insurability of the individual risk must be sent to LINCOLN BMA for facultative reinsurance. After LINCOLN BMA has examined the underwriting papers, LINCOLN BMA will promptly notify the CEDING COMPANY of the underwriting offer subject to additional requirements, the final underwriting offer or declination. Any final underwriting offer on the individual risk will automatically terminate upon the earliest of: 1) The date LINCOLN BMA receives notice of a withdrawal/cancellation by the CEDING COMPANY, 2) 120 days after the date on which the offer was made, or 3) The date specified in LINCOLN's approval to extend the offer. E. The minimum amount of reinsurance to be ceded shall be as stated in Schedule A.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. A. Plan of Insurance Listed in Schedule A: (1) If the Requirements for Automatic Reinsurance are met but the CEDING COMPANY prefers to apply for facultative reinsurance, or (2) If Requirements for Automatic Reinsurance are not met, met then the CEDING COMPANY must submit to LINCOLN BMA all the underwriting documentation relating to the insurability of the individual risk for facultative reinsurance. B. Plan of Insurance Not Listed in Schedule A: On a yearly Yearly Renewable Term treaty the CEDING COMPANY may submit an application for facultative reinsurance on any plan(s). On a Coinsurance treaty the CEDING COMPANY may Ceding Company cannot submit an application for facultative reinsurance only on plan(s) other than the plan(s) listed in Schedule A. C. An application for facultative reinsurance may include life insurance with or without either disability waiver of premium or accidental death or both. Supplemental benefits Only accidental death reinsurance may be submitted without an application for life are excluded from this agreementinsurance. D. Copies of all underwriting papers relating to the insurability of the individual risk must be sent to LINCOLN BMA for facultative reinsurance. After LINCOLN BMA has examined the underwriting papers, LINCOLN BMA will promptly notify the CEDING COMPANY of the underwriting offer subject to additional requirements, the final underwriting offer or declination. Any final underwriting offer on the individual risk will automatically terminate upon the earliest of: (1) The date LINCOLN BMA receives notice of a withdrawal/cancellation by the CEDING COMPANY, , (2) 120 days after the date on which the offer was made, or (3) The date specified in LINCOLNBMA's approval to extend the offer. E. The minimum amount of reinsurance insurance to be ceded shall be as stated in Schedule A.$5,000.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. A. Plan of Insurance Listed in Schedule A: (1) If the Requirements for Automatic Reinsurance are met but the CEDING COMPANY prefers to apply for facultative reinsurance, or (2) If Requirements for Automatic Reinsurance are not met, met then the CEDING COMPANY must submit to LINCOLN BMA all the underwriting documentation relating to the insurability of the individual risk for facultative reinsurance. B. Plan of Insurance Not Listed in Schedule A: On a yearly Yearly Renewable Term treaty the CEDING COMPANY may submit an application for facultative reinsurance on any plan(s). On a Coinsurance treaty the CEDING COMPANY may Ceding Company cannot submit an application for facultative reinsurance only on plan(s) other than the plan(s) listed in Schedule A. C. An application for facultative reinsurance may include life insurance with or without either disability waiver of premium or accidental death or both. Supplemental benefits Only accidental death reinsurance may be submitted without an application for life are excluded from this agreementinsurance. D. Copies of all underwriting papers relating to the insurability of the individual risk must be sent to LINCOLN BMA for facultative reinsurance. After LINCOLN BMA has examined the underwriting papers, LINCOLN BMA will promptly notify the CEDING COMPANY of the underwriting offer subject to additional requirements, the final underwriting offer or declination. Any final underwriting offer on the individual risk will automatically terminate upon the earliest of: (1) The date LINCOLN BMA receives notice of a withdrawal/cancellation by the CEDING COMPANY, , (2) 120 days after the date on which the offer was made, or (3) The date specified in LINCOLN's BMA’s approval to extend the offer. E. The minimum amount of reinsurance insurance to be ceded shall be as stated in Schedule A.$5,000.

REQUIREMENTS FOR FACULTATIVE REINSURANCE. A. Plan of Insurance Listed in Schedule A: (1) If the Requirements for Automatic Reinsurance are met but the CEDING COMPANY prefers to apply for facultative reinsurance, or (2) If Requirements for Automatic Reinsurance are not met, met then the CEDING COMPANY must submit to LINCOLN BMA all the underwriting documentation relating to the insurability of the individual risk for facultative reinsurance. B. Plan of Insurance Not Listed in Schedule A: On a yearly Yearly Renewable Term treaty the CEDING COMPANY may submit an application for facultative reinsurance on any plan(s). On a Coinsurance treaty the CEDING COMPANY may Ceding Company cannot submit an application for facultative reinsurance only on plan(s) other than the plan(s) listed in Schedule A. C. An application for facultative reinsurance may include life insurance with or without either disability waiver of premium or accidental death or both. Supplemental benefits Only accidental death reinsurance may be submitted without an application for life are excluded from this agreementinsurance. D. Copies of all underwriting papers relating to the insurability of the individual risk must be sent to LINCOLN BMA for facultative reinsurance. After LINCOLN BMA has examined the underwriting papers, LINCOLN BMA will promptly notify the CEDING COMPANY of the underwriting offer subject to additional requirements, the final underwriting offer or declination. Any final underwriting offer on the individual risk will automatically terminate upon the earliest of: (1) The date LINCOLN BMA receives notice of a withdrawal/cancellation by the CEDING COMPANY, , (2) 120 days after the date on which the offer was made, or (3) The date specified in LINCOLN's BMA`s approval to extend the offer. E. The minimum amount of reinsurance insurance to be ceded shall be as stated in Schedule A.$5,000.