Common use of Risk Classification Changes Clause in Contracts

Risk Classification Changes. If the policyholder requests a substandard table rating reduction or removal of a flat extra, such change will be underwritten in accordance with the underwriting guidelines, practices, and procedures for risk selection identified by the Ceding Company in the questionnaire titled “Underwriting Guidelines, Practices and Procedures” and any Material Changes consented to in writing by the Reinsurer. Risk classification changes on Facultative policies will be subject to the Reinsurer’s approval.

Appears in 2 contracts

Samples: Reinsurance Agreement (Farmers Variable Life Separate Account A), Reinsurance Agreement (Farmers Variable Life Separate Account A)

AutoNDA by SimpleDocs

Risk Classification Changes. If the policyholder requests a substandard table rating reduction or removal of a flat extraFlat Extra, such change will be underwritten in accordance with the underwriting guidelines, practices, and procedures for risk selection identified by conveyed to the Ceding Company in Reinsurer prior to or at the questionnaire titled “Underwriting Guidelinestime of pricing, Practices and Procedures” and or any Material Changes consented to in writing by the Reinsurer, which are still in use on the coverage commencement date. Risk classification Such changes on Facultative policies will be subject to the Reinsurer’s 's approval.

Appears in 2 contracts

Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Ameritas Life Insurance Corp Separate Account LLVL)

Risk Classification Changes. If the a policyholder requests a substandard table rating Table Rating reduction or removal of a flat extraFlat Extra, such change will be underwritten in accordance with the underwriting guidelines, practices, and procedures for risk selection identified by according to the Ceding Company in the questionnaire titled “Company's Underwriting Guidelines, Practices and Procedures” and any Material Changes consented to in writing by the Reinsurer. Risk classification changes on Facultative facultative policies will be subject to the Reinsurer’s 's approval.

Appears in 2 contracts

Samples: Facultative Yearly Renewable Term Reinsurance Agreement (Farmers Variable Life Separate Account A), Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1)

Risk Classification Changes. If the policyholder requests a substandard table rating reduction or removal of a flat extra, such change will be underwritten in accordance with the underwriting guidelines, practices, and procedures for risk selection identified by the Ceding Company in the questionnaire titled "Underwriting Guidelines, Practices and Procedures" and any Material Changes consented to in writing by the Reinsurer. Risk classification changes on Facultative policies will be subject to the Reinsurer’s 's approval.

Appears in 2 contracts

Samples: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Nationwide VLI Separate Account-7)

AutoNDA by SimpleDocs

Risk Classification Changes. If the policyholder requests a substandard table rating reduction or removal of a flat extraFlat Extra, such change will be underwritten in accordance with the underwriting guidelines, practices, and procedures for risk selection identified by conveyed to the Ceding Company in Reinsurer prior to or at the questionnaire titled “Underwriting Guidelinestime of pricing, Practices and Procedures” and or any Material Changes consented to in writing by the Reinsurer, which are still in use on the coverage commencement date. Risk classification Such changes on Facultative policies will be subject to the Reinsurer’s approval.

Appears in 1 contract

Samples: Reinsurance Agreement (Penn Mutual Variable Life Account I)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!