Common use of UNDERWRITING EXCEPTIONS Clause in Contracts

UNDERWRITING EXCEPTIONS. It is understood and agreed that the Reinsurer will accept the Ceding Company’s underwriting decisions as long as the Ceding Company’s underwriters act in good faith and consistent with the Ceding Company’s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, “the Underwriting Requirements”). Occasional mistakes in mortality assessment will be accepted for Automatic reinsurance by the Reinsurer provided such mistakes are not systemic or part of a pattern that evidences disregard for the Ceding Company’s underwriting guidelines. Reasonable underwriter discretion, which may deviate from the underwriting guidelines or other requirements when deemed warranted and appropriate by the Ceding Company underwriter exercising his or her professional judgment, will also be accepted for automatic reinsurance by the Reinsurer provided that the final underwriting assessment is consistent with the Ceding Company’s expected mortality level of that underwriting classification. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgement. Business Exceptions will be accepted for Automatic reinsurance only with the approval of the Reinsurer.

UNDERWRITING EXCEPTIONS. It is understood and agreed that the Reinsurer will accept the Ceding Company’s underwriting decisions as long as the Ceding Company’s underwriters act in good faith faith, in a prudent manner and consistent in accordance with the Ceding Company’s ’ s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, “the Underwriting Requirements”). Occasional mistakes Mistakes in mortality assessment will only be accepted for Automatic reinsurance by the Reinsurer provided such mistakes are not systemic or part of a pattern that evidences disregard for the Ceding Company’s underwriting guidelinesUnderwriting Requirements. Reasonable underwriter Underwriter discretion, which may deviate from the underwriting guidelines or other requirements Underwriting Requirements when deemed warranted and appropriate by the Ceding Company underwriter exercising his or her professional judgment, will also be accepted for automatic Automatic reinsurance by the Reinsurer provided that the final underwriting assessment assessed mortality risk for the policy is consistent with the Ceding Company’s expected mortality level of for the underwriting classification that underwriting classificationis applied. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgementjudgment. Business Exceptions will be accepted for Automatic reinsurance only with the approval of the Reinsurer. At the time the final underwriting decision is reached, the Ceding Company shall document in the underwriting file any Business Exception made and the support for such decision.

UNDERWRITING EXCEPTIONS. It is understood and agreed that the Reinsurer will accept the Ceding Company’s underwriting decisions as long as the Ceding Company’s underwriters act in good faith and consistent with the Ceding Company’s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, “the Underwriting Requirements”). Occasional mistakes Mistakes in mortality assessment will be accepted for Automatic reinsurance by the Reinsurer provided such mistakes are not systemic or part of a pattern that evidences disregard for the Ceding Company’s underwriting guidelinesUnderwriting Requirements. Reasonable underwriter Underwriter discretion, which may deviate from the underwriting guidelines or other requirements Underwriting Requirements when deemed warranted and appropriate by the Ceding Company underwriter exercising his or her professional judgment, will also be accepted for automatic Automatic reinsurance by the Reinsurer provided that the final underwriting assessment assessed mortality risk is consistent with the Ceding Company’s expected mortality level of that underwriting classificationclassification that is applied. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgementjudgment. Business Exceptions will be accepted for Automatic reinsurance only with the approval of the Reinsurer.

UNDERWRITING EXCEPTIONS. It is understood and agreed that the Reinsurer will accept the Ceding Company’s underwriting decisions as long as the Ceding Company’s underwriters act in good faith faith, in a prudent manner and consistent in accordance with the Ceding Company’s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, “the Underwriting Requirements”). Occasional mistakes Mistakes in mortality assessment will be accepted for Automatic reinsurance by the Reinsurer provided such mistakes are not systemic or part of a pattern that evidences disregard for the Ceding Company’s underwriting guidelinesUnderwriting Requirements. Reasonable underwriter Underwriter discretion, which may deviate from the underwriting guidelines or other requirements Underwriting Requirements when deemed warranted and appropriate by the Ceding Company underwriter exercising his or her professional judgment, will also be accepted for automatic Automatic reinsurance by the Reinsurer provided that the final underwriting assessment assessed mortality risk for the policy is consistent with the Ceding Company’s expected mortality level of for the underwriting classification that underwriting classificationis applied. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgementjudgment. Business Exceptions will be accepted for Automatic reinsurance only with the approval of the Reinsurer.