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, in a prudent manner and in accordance with the Ceding Company’ s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, “the Underwriting Requirements”). 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 Underwriting Requirements. Underwriter discretion, which may deviate from the Underwriting 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 assessed mortality risk for the policy is consistent with the Ceding Company’s expected mortality level for the underwriting classification that is applied. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgment. 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, in a prudent manner faith and in accordance consistent with the Ceding Company’ s ’s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, the “the Underwriting Requirements”’’). 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 Underwriting Requirements. Underwriter discretion, which may deviate from the Underwriting 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 assessed mortality risk for the policy is consistent with the Ceding Company’s expected mortality level for the underwriting classification that is applied. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgment. Business Exceptions will be accepted for Automatic reinsurance only with the approval of the Reinsurer. At the time the final Automatic reinsurance does not include Policies issued under simplified underwriting decision is reachedor guaranteed issues, or non·underwritten external Policy exchanges that don’t follow the Ceding Company shall document in the Company’s underwriting file any Business Exception made and the support for such decisionguidelines.

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, in a prudent manner faith and in accordance consistent with the Ceding Company’ s ’s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, “the Underwriting Requirements”). 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 Underwriting Requirements. Underwriter discretion, which may deviate from the Underwriting 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 assessed mortality risk for the policy is consistent with the Ceding Company’s expected mortality level for the of that underwriting classification that is applied. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgment. 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, in a prudent manner and in accordance with the Ceding Company’ s ’s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, “the Underwriting Requirements”). 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 Underwriting Requirements. Underwriter discretion, which may deviate from the Underwriting 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 assessed mortality risk for the policy is consistent with the Ceding Company’s expected mortality level for the underwriting classification that is applied. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgment. 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, in a prudent manner faith and in accordance consistent with the Ceding Company’ s ’s underwriting guidelines, manual, age and amount requirements and control procedures (collectively, “the Underwriting Requirements”). Mistakes Occasional 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 Underwriting RequirementsCeding Company’s underwriting guidelines. Underwriter Reasonable underwriter discretion, which may deviate from the Underwriting Requirements 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 automatic reinsurance by the Reinsurer provided that the assessed mortality risk for the policy final underwriting assessment is consistent with the Ceding Company’s expected mortality level for the of that underwriting classification that is appliedclassification. Business Exceptions occur where the Underwriting Requirements are deviated from based on business considerations rather than underwriting judgmentjudgement. 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.