Jumbo Limit definition

Jumbo Limit has the meaning assigned to such term in Exhibit E-III.
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Jumbo Limit means $[ ] of life insurance. If the Jumbo Exposure exceeds the Jumbo Limit it will not be eligible for automatic reinsurance, in accordance with Section 3.1.
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Jumbo Limit. All life insurance in force and applied for with all companies, shall not be more than $50,000,000. RECAPTURE: After ten (10) policy years In the event of any conflict between this Summary Page and the terms and conditions of the Reinsurance Agreement, the terms and conditions of the Agreement shall govern. TABLE OF CONTENTS
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Examples of Jumbo Limit in a sentence

  • For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies shall not exceed the Jumbo Limit as shown in Schedule A.

  • For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies, of which THE COMPANY is aware, shall not exceed the Jumbo Limit as shown in Schedule A.

  • Jumbo Limit - The maximum amount of coverage available on an individual life for Automatic reinsurance purposes.

  • As a service, the Reinsurer will assist the Ceding Company in identifying applicants who are possibly over the Jumbo Limit prior to policy issue based on information that is in the Reinsurer’s possession at the time of pre-issue notification.

  • For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies, including any amounts to be replaced as stated in the application or signed amendment, if any, shall not exceed the Jumbo Limit as shown in Schedule A.


More Definitions of Jumbo Limit

Jumbo Limit. $50 million (in force and to be placed); $25 million ages 81 - 89.
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Jumbo Limit has the meaning assigned to such term in Exhibit C, Section C.3.
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Jumbo Limit shall have the meaning set forth in Section 3 of Exhibit B.
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Jumbo Limit. W.P.: (i) Plans with an Increasing Premium Feature Issue Ages Initial Face Amount ---------- ---------------------- Under 40 [dollar amount] 40 - 49 [dollar amount] 50 and over [dollar amount]
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Jumbo Limit. All life insurance in force and applied for with all companies shall not be more than $10,000,000. TRIVIAL AMOUNT: $25,001 reinsurance coverage per cession is the minimum amount of reinsurance provided under this treaty for a particular life. Cessions less than $25,001 will be automatically terminated. MINIMUM SUBMISSION: $50,001. RECAPTURE: After 10 policy years In the event of any conflict between this Specifications Page and the terms and conditions of the Reinsurance Agreement, the terms and conditions of the Agreement shall govern. TABLE OF CONTENTS AUTOMATIC REINSURANCE AGREEMENT
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Jumbo Limit. See Exhibit A. RECAPTURE: After 20 policy years. In the event of any conflict between this Summary Page and the terms and conditions of the Reinsurance Agreement, the terms and conditions of the Agreement shall govern. >page> TABLE OF CONTENTS PAGE ARTICLE I.
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Jumbo Limit. For the purpose of this Agreement, a jumbo risk is one where the current application and/or other information of the Ceding Company indicate that the proposed insured's total insurance in force and applied for in all companies exceeds the amounts shown in the table below, irrespective of any proposed replacement currently considered. ---------------------------------- AGE MORTALITY ---------------------------------- STD-500% ---------------------------------- 0-75 $30,000,000 ---------------------------------- 76-85 3,000,000 ---------------------------------- Premium Taxes: The Reinsurer shall not be responsible for reimbursement of premium taxes. Minimum Face Amount: $100,000 [LOGO] Canada Life EXHIBIT 2 THE CEDING COMPANY'S MAXIMUM LIMITS OF RETENTION ------------------------------------------------- AGE MORTALITY ------------------------------------------------- STD - 200% 201% - 300% 301% - 500% ------------------------------------------------- 0-75 $1,000,000 $1,000,000 $1,000,000 ------------------------------------------------- 76 - 80 100,000 100,000 NIL ------------------------------------------------- 81 - 85 100,000 NIL NIL ------------------------------------------------- 86+ NIL NIL NIL ------------------------------------------------- [LOGO] Canada Life THE REINSURER'S AUTOMATIC PARTICIPATION LIMITS Life Listed by Age and Rating LIFE: ------------------------------------------------ AGE MORTALITY ------------------------------------------------ STD - 200% 201% - 300% 301% - 500% ------------------------------------------------ 0 - 75 $3,000,000 $3,000,000 $3,000,000 ------------------------------------------------ 76 - 80 300,000 300,000 NIL ------------------------------------------------ 81 - 85 300,000 NIL NIL ------------------------------------------------ 86+ NIL NIL NIL ------------------------------------------------ AVIATION:
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