Common use of SPECIAL ACCEPTANCES Clause in Contracts

SPECIAL ACCEPTANCES. The Retrocedent may propose for special acceptance hereunder Reinsured Contract liabilities that are not automatically retroceded hereunder for Spousal Continuances for GMDB as discussed under Article V, Paragraph J, and contracts with certain issue dates as set forth in Schedule A, Paragraph B. For a Special Acceptance, the Retrocedent shall report to the Retrocessionaire, as promptly as possible, each Reinsured Contract that is proposed for special acceptance, including proposed Reinsured Contracts that are pending acceptance by the Retrocedent. The Retrocedent shall provide information about each proposed Reinsured Contract in such scope and format as may be agreed. Unless notified of rejection or special retrocession rates within thirty (30) days, the proposed Reinsured Contract shall be deemed accepted as an indemnity retrocession in accordance with the terms and conditions specified herein. Exeter Reassurance Co., GMDB Agreement No. 2001-44, Effective April 1, 2001 Amendment No. 8

SPECIAL ACCEPTANCES. The Retrocedent may propose for special acceptance hereunder Reinsured Contract liabilities that are not automatically retroceded hereunder for Spousal Continuances for GMDB as discussed under Article V, Paragraph J, and contracts with certain issue dates as set forth in Schedule A, Paragraph B. For a Special Acceptance, the Retrocedent shall report to the Retrocessionaire, as promptly as possible, each Reinsured Contract that is proposed for special acceptance, including proposed Reinsured Contracts that are pending acceptance by the Retrocedent. The Retrocedent shall provide information about each proposed Reinsured Contract in such scope and format as may be agreed. Unless notified of rejection or special retrocession rates within thirty (30) days, the proposed Reinsured Contract shall be deemed accepted as an indemnity retrocession in accordance with the terms and conditions specified herein. Exeter Reassurance Co., GMDB Agreement No. 2001-44, Effective April 1, 2001 Amendment No. 8.