Risk Classification Changes. If the insured requests a table rating reduction, removal of a flat extra premium charge, or other risk classification change, such change shall be underwritten according to the Company’s normal underwriting practices. Risk classification changes on facultative Policies shall be subject to the Reinsurer’s or facultative underwriting Designee’s approval. Any reinsurance coverage shall be adjusted accordingly.
Appears in 3 contracts
Samples: Reinsurance Agreement, Modified Coinsurance Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
Risk Classification Changes. If the insured requests a table rating reduction, reduction or removal of a flat extra premium charge, or other risk classification change, such change shall be underwritten according to the Company’s normal underwriting practices. Risk classification changes on facultative Facultative Policies shall be subject to the Reinsurer’s or facultative underwriting Designee’s approval. Any reinsurance coverage shall be adjusted accordingly.
Appears in 2 contracts
Samples: Reinsurance Agreement (Nationwide VLI Separate Account-7), Reinsurance Agreement (Nationwide VL Separate Account-G)
Risk Classification Changes. If the insured requests a table rating reduction, reduction or removal of a flat extra premium charge, or other risk classification change, such change shall be underwritten according to the Company’s 's normal underwriting practices. Risk classification changes on facultative Policies shall be subject to the Reinsurer’s 's or facultative underwriting Designee’s 's approval. Any reinsurance coverage shall be adjusted accordingly.
Appears in 1 contract
Samples: Reinsurance Agreement (Nationwide VL Separate Account-G)
