Binding Limits definition

Binding Limits. As of the effective date of this Addendum, the binding limits set forth in Exhibit C Binding Limits of the base Agreement, as revised by Amendment 16138- 00-01, shall apply to the above plans and their associated riders except that the applicable Reinsurer’s share, issue age limits and face amount limits are as stated in the attached Exhibits C.1 Reinsurer’s Share, C.5 Issue Age Limits and C.7 Minimum Original Policy Face Amount which are hereby added to the Agreement.
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Binding Limits. The Binding Limits applicable to the above plans are the same as that stated in Exhibit C - Binding Limits of the base Agreement with the following exceptions:
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Binding Limits. As of the effective date of this Amendment, the binding limits for the ADBR - TI Benefit are the same as those stated in Exhibit c - Binding Limits of the Agreement and applicable to the underlying base plan policy to which the ADBR- TI Benefit is attached. Reinsurance Premiums: As of the effective date of this Amendment, the attached Exhibit D - Reinsurance Premiums, Section 7 Riders and Benefits is hereby added to the Agreement in order to provide a description of the ADBR - TI Benefit. No additional reinsurance premiums are payable for coverage of this benefit. (000) 00000-00-00 1 B/1/2019
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Examples of Binding Limits in a sentence

  • For automatic cessions, Net Amount at Risk in excess of the Retained Share will be ceded to a pool of reinsurers, subject to the Automatic Binding Limits and Jumbo Limits set forth herein.

  • For policies reinsured on an automatic basis, reinsurance of increases in amount resulting from contractual policy provisions will be accepted only up to the Automatic Binding Limits shown in Exhibit B.

  • These Automatic Binding Limits include any amounts within the Ceding Company's retention.

  • The ceded risk is subject to the Facultative Obligatory Automatic Binding Limits and the Facultative Obligatory Automatic Issue Limits, as stated in Exhibit II.

  • The Reinsurer's approval is required if the original policy was reinsured on a facultative basis or if the new amount will cause the total amount on the life to exceed either the Automatic Binding Limits or the Jumbo Limits shown in Exhibit B - Plans Covered and Binding Limits.

  • Increases in the Net Amount at Risk of the Base Policy caused by an Automatic Increasing Benefit Rider shall be reinsured as described in Article 5 without regard to the Automatic Binding Limits or the Jumbo Limits shown in Exhibit B, provided that the total of all such increases to the Specified Amount of a single policy does not exceed seven hundred fifty thousand dollars ($750,000).

  • Claims covered under this Agreement include only death claims, which are those due to the death of the insured on a policy or rider reinsured under this Agreement, and any additional benefits specified in Exhibit B − Plans Covered and Binding Limits, which are provided by the underlying policy and are reinsured under this Agreement.

  • Claims covered under this Agreement include only death claims, which are those due to the death of the insured on a policy or rider reinsured under this Agreement, and any additional benefits specified in Exhibit B - Plans Covered and Binding Limits, which are provided by the underlying policy and are reinsured under this Agreement.

  • Reinsurance coverage under a conditional receipt or temporary insurance provision is limited to the Reinsurer's share of amounts within the conditional receipt or temporary coverage limits shown in Exhibit B - Plans Covered and Binding Limits.

  • The Reinsurer's approval is required if the original policy was reinsured on a facultative basis or if the new amount will cause the total amount on the life to exceed either the Automatic Binding Limits or the Jumbo Limits shown in Exhibit B – Plans Covered and Binding Limits.


More Definitions of Binding Limits

Binding Limits. The Ceding Company's binding limits applicable to the above plans are the same as those stated in Exhibit C – Binding Limits contained in the base Agreement. The following is hereby added to Exhibit C.5 in order to provide the issue ages applicable to the above plans. Underwriting Class Issue Ages Super Preferred Non-Nicotine [REDACTED] Preferred Plus Non-Nicotine [REDACTED] Standard Plus Non-Nicotine [REDACTED] Standard Non-Nicotine (AIUL/PIUL) [REDACTED] Standard Non-Nicotine (AVUL) [REDACTED] Preferred Nicotine [REDACTED] Standard Nicotine (AIUL/PIUL) [REDACTED] Standard Nicotine (AVUL) [REDACTED] Reinsurance Premiums: [REDACTED] IN WITNESS WHEREOF, both parties have executed this Addendum in duplicate as follows: SYMETRA LIFE INSURANCE COMPANY RGA REINSURANCE COMPANY By: _______________________________ (Signature) By: _______________________________ (Signature) Title: ______________________________ Title: Vice President Date: _____________________________ Location: __________________________ Date: _____________________________ Location: Chesterfield, Missouri The business reinsured under this Agreement is hereby defined to include the following: Policies issued on the business identified below may qualify for reinsurance if the application date for the policy is on or after the Effective Date of this Addendum. Added Plans Effective June 11, 2021 Symetra Accumulator IUL 4.0 Plan* Symetra Protector IUL 3.0 Plan* Added Plan Effective August 1, 2021 Symetra Accumulator VUL 1.0 Plan* Benefits and Riders Accelerated Benefit Rider for Terminal Illness (non-lien approach) Change of Insured Rider Lapse Protection Benefit (LPB) Rider Stipulated Premium Guarantee Rider Supplemental Protection Rider [REDACTED] Rider Availability The following riders are available under the above plans. Plan Available Riders Symetra Accumulator IUL 4.0 Plan • Accelerated Benefit Rider for Terminal Illness (non-lien approach) • Stipulated Premium Guarantee • Supplemental Protection Rider Symetra Protector IUL 3.0 Plan • Accelerated Benefit Rider for Terminal Illness (non-lien approach) • Lapse Protection Benefit (LPB) Rider (short duration) Symetra Accumulator VUL 1.0 Plan • Accelerated Benefit Rider for Terminal Illness (non-lien approach) • Change of Insured Rider • Stipulated Premium Guarantee • Supplemental Protection Rider [CERTAIN PORTIONS OF THIS EXHIBIT CONTAIN CONFIDENTIAL INFORMATION. THE CONFIDENTIAL PORTIONS OF THIS EXHIBIT ARE IDENTIFIED AS [REDACTED] AND HAVE BEEN OMIT...
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Binding Limits. The Binding Limits applicable to the above plan are the same as those stated in Exhibit C – Binding Limits contained in the base Agreement. The following is hereby added to Exhibit C.5 in order to provide the issue ages applicable to the above plan. Underwriting Class Issue Ages Super Preferred Non-Nicotine [REDACTED] Preferred Plus Non-Nicotine [REDACTED] Standard Plus Non-Nicotine [REDACTED] Standard Non-Nicotine [REDACTED] Preferred Nicotine [REDACTED] Standard Nicotine [REDACTED] Reinsurance Premiums Base Policy: [REDACTED] Available Riders which are reinsured: Accelerated Benefit Rider for Terminal Illness: [REDACTED] After payment of a partial acceleration on a rider covered under this Agreement, reinsurance premiums will continue to be paid pursuant to Exhibit D.1 and in accordance with Article 5.6 until the insured’s death. Lapse Protection Benefit (LPB) Rider (short duration): This rider provides for a no lapse guarantee feature. [REDACTED] All provisions of the Agreement not specifically modified herein remain unchanged.
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Binding Limits. The Binding Limits applicable to the above plan are the same as those stated in Exhibit C – Binding Limits contained in the base Agreement. The following is hereby added to Exhibit C.5 in order to provide the issue ages applicable to the above plan. Underwriting Class Issue Ages Super Preferred Non-Nicotine [REDACTED] Preferred Plus Non-Nicotine [REDACTED] Standard Plus Non-Nicotine [REDACTED] Standard Non-Nicotine [REDACTED] Preferred Nicotine [REDACTED] Standard Nicotine [REDACTED] Reinsurance Premiums Base Policy: [REDACTED] Available Riders: Accelerated Benefit Rider for Terminal Illness: [REDACTED] After payment of a partial acceleration on a rider covered under this Agreement, reinsurance premiums will continue to be paid pursuant to Exhibit D.1 and in accordance with Article 5.6 until the insured’s death. Stipulated Premium Guarantee Rider (short duration): This rider provides for a no lapse guarantee feature. [REDACTED]. Supplemental Protection Rider: This rider allows for an additional layer of insurance for the insured. This rider is only available at policy issue. [REDACTED]
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Binding Limits. The Binding Limits applicable to the above plan are the same as those stated in Exhibit C – Binding Limits contained in the base Agreement with the following exceptions: [REDACTED] The following is hereby added to Exhibit C.5 in order to provide the issue ages applicable to the above plan. Underwriting Class Issue Ages Super Preferred Non-Nicotine [REDACTED] Preferred Plus Non-Nicotine [REDACTED] Standard Plus Non-Nicotine [REDACTED] Standard Non-Nicotine [REDACTED] Preferred Nicotine [REDACTED] Standard Nicotine [REDACTED] Reinsurance Premiums: [REDACTED]
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Related to Binding Limits

  • binding corporate rules means personal data protection policies which are adhered to by a controller or processor established on the territory of a Member State for transfers or a set of transfers of personal data to a controller or processor in one or more third countries within a group of undertakings, or group of enterprises engaged in a joint economic activity;

  • Binding Effect The provisions, covenants and conditions in this Contract apply to bind the parties, their legal heirs, representatives, successors, and assigns.

  • Enforceable means, with respect to any Contractual Obligation stated to be Enforceable by or against any Person, that such Contractual Obligation is a legal, valid and binding obligation of such Person enforceable by or against such Person in accordance with its terms, except to the extent that enforcement of the rights and remedies created thereby is subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws of general application affecting the rights and remedies of creditors and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law).

  • Valid means that the Tax Verification Letter’s period of validity, as indicated on the Tax Verification Letter, has not ended.

  • Investor Q&A Forum As defined in Section 4.02(a) of this Agreement.

  • Bag limit means the maximum number of game animals, game

  • Dose limits means the permissible upper bounds of radiation doses established in accordance with these rules. For purposes of these rules, “limits” is an equivalent term.

  • Enforceability Exceptions has the meaning set forth in Section 3.2.

  • Enforceability Limitations means limitations on enforcement and other remedies by or arising under or in connection with applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar Applicable Laws affecting creditors’ rights generally or general principles of equity.

  • Standing Order means, with respect to a Designated System, an agreement registered with PJM EIS GATS or M-RETS for the automatic transfer of RECs issued for the Designated System to Buyer’s Account on a recurring basis commencing no earlier than the Trade Date and expiring no earlier than the last day of the Delivery Term of such Designated System.” The following is added as Section 1.62.2:

  • Enforceability Exception has the meaning set forth in Section 3.05.

  • Order limits means the limits shown on the works plans within which the authorised project may be carried out;

  • Bankruptcy and Equity Exception means that this Agreement is, when executed and delivered by such member(s) of the Seller Group and assuming the due authorization, execution and delivery hereof by the members of the Purchaser Group that are (or are contemplated to be) party hereto, will be, legal, valid and binding obligations of such members of the Seller Group enforceable in accordance with their terms, subject to receivership, conservatorship and supervisory powers of bank regulatory agencies, bankruptcy, rehabilitation, liquidation, insolvency reorganization, moratorium, fraudulent transfer, preferential transfer and similar Laws of general applicability relating to or affecting creditors’ rights and remedies generally and to general equity principles.

  • Governing Documents means, with respect to any Person, the certificate or articles of incorporation, by-laws, or other organizational documents of such Person.

  • Sub-Limit Defined in the Fee and Pricing Letter, which definition is incorporated herein by reference.

  • Vote Limit means the percentage interest specified in a Vote Limit Certificate by a Vote Limited Member pursuant to which such Member (together with such Vote Limited Member’s affiliates) will be irrevocably limited to such Vote Limit in any vote taken under Sections 2.1, 2.8, 2.9 and 8.2.

  • Expense Limit means the percentage of a Fund’s average annual net assets (on an annualized basis) set forth below.

  • Customary Recourse Exceptions means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings.

  • the limits of deviation means the limits of deviation shown on the deposited plan;

  • Governing Document means any charter, articles, bylaws, certificate or similar document adopted, filed or registered in connection with the creation, formation, organization or governance of any entity.

  • Non-federally enforceable requirement means the following as they apply to emission units in a source requiring an air quality operating permit:

  • Best Execution Policy means the Company’s prevailing policy available at the Company’s Website regarding best execution when executing client orders;

  • Technical Limits means the limits and constraints described in Schedule 2, relating to the operations, maintenance and dispatch of the Project.

  • Legal guardian means a person recognized by a court of law as having the duty of taking care of the person and managing the property and rights of an individual that is placed with such person by judgment, decree or other order of any court of competent jurisdiction.

  • Standing Orders means the Standing Orders issued by Infosys (applicable to all its employees) in accordance with Section 7 of the Industrial Employment (Standing Orders) Act 1946.

  • General Enforceability Exceptions has the meaning set forth in Section 4.1.