AUTOMATIC ACCEPTANCE LIMITS. The amount specified in Schedule C, “Reinsurance Limits”, used to determine the maximum amount ceded as Automatic Reinsurance. This includes all coverage amounts (including known Ultimate Amounts) ceded by the Company to the Reinsurer at the time of consideration of the current application. The Automatic Acceptance Limits apply only to policies within the Jumbo Limit.
Appears in 2 contracts
Sources: Reinsurance Agreement, Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
AUTOMATIC ACCEPTANCE LIMITS. The amount specified in Schedule C, “Reinsurance Limits”, used to determine the maximum amount ceded as Automatic Reinsurance. This includes all coverage amounts (including known Ultimate Amounts) ceded by the Company to the Reinsurer at the time of consideration of the current application. The Automatic Acceptance Limits apply only to policies within the Jumbo Limit.
Appears in 1 contract
Sources: Modified Coinsurance Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)