Common use of SPECIAL ACCEPTANCES Clause in Contracts

SPECIAL ACCEPTANCES. The Cedent may propose for special acceptance hereunder Reinsured Contract liabilities that are not automatically ceded hereunder for Spousal Continuances for GMDB as discussed under Article V, Paragraph I, and contracts with certain issue dates as set forth in Schedule A, Paragraph B. For a Special Acceptance, the Cedent shall report to the Reinsurer, as promptly as possible, each Reinsured Contract that is proposed for special acceptance, including proposed Reinsured Contracts that are pending acceptance by the Cedent. The Cedent shall provide information about each proposed Reinsured Contract in such scope and format as may be agreed. Unless notified of rejection or special cession rates within thirty (30) days, the proposed Reinsured Contract shall be deemed accepted as an indemnity cession in accordance with the terms and conditions specified herein.

SPECIAL ACCEPTANCES. The Cedent may propose for special acceptance hereunder Reinsured Contract liabilities that are not automatically ceded hereunder for Spousal Continuances for GMDB as discussed under Article V, Paragraph IE, and contracts with certain issue dates as set forth in Schedule A, Paragraph B. For a Special Acceptance, the Cedent shall report to the Reinsurer, as promptly as possible, each Reinsured Contract that is proposed for special acceptance, including proposed Reinsured Contracts that are pending acceptance by the Cedent. The Cedent shall provide information about each proposed Reinsured Contract in such scope and format as may be agreed. Unless notified of rejection or special cession rates within thirty (30) days, the proposed Reinsured Contract shall be deemed accepted as an indemnity cession in accordance with the terms and conditions specified herein.