REINSURANCE COVERAGE. a) Single Life plans for issue ages < 71 and Survivorship plans for all issue ages For policies which qualify for Automatic Reinsurance Coverage, the Company will retain [*]. However, it is understood that if the Company has retention on existing insurance, the Company may reduce its retained percentage to a minimum of 0% (zero percent) of a policy reinsured under this Agreement, in order to avoid exceeding its Retention Limits specified in Exhibit E. Correspondingly, the Reinsurer’s ceded percentage may be increased up to a maximum of [*] not to exceed the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-II.
Appears in 5 contracts
Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
REINSURANCE COVERAGE. a) Single Life plans for issue ages < 71 and Survivorship plans for all issue ages For policies which qualify for Automatic Reinsurance Coverage, the Company will retain [*]. However, it is understood that if the Company has retention on existing insurance, the Company may reduce its retained percentage to a minimum of 0% (zero percent) of a policy reinsured under this Agreement, in order to avoid exceeding its Retention Limits specified in Exhibit E. Correspondingly, the Reinsurer’s ceded percentage may be increased up to a maximum of [*] ]) not to exceed the Reinsurer’s Automatic Acceptance Limits specified in Exhibit E-II.
Appears in 1 contract
Samples: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)
