AUTOMATIC ACCEPTANCE LIMITS. The sum of the Ultimate amount of individual life insurance issued by the Company on an insured and the Ultimate amount of life insurance currently applied for from the Company shall not exceed the Automatic Binding Limits as set forth in Schedule C.
Appears in 3 contracts
Samples: Reinsurance Agreement, Coinsurance Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Automatic and Facultative (John Hancock Life Insurance Co (Usa) Separate Account A)
AUTOMATIC ACCEPTANCE LIMITS. The sum of the Ultimate amount of individual life insurance issued by the Company on an insured the life, and the Ultimate amount of life insurance currently applied for from the Company Company, on the current application shall not exceed the Automatic Binding Acceptance Limits as set forth in Schedule C.B. In determining issued and applied for amounts to be compared to the Automatic Acceptance Limits, Ultimate Amounts shall be considered.
Appears in 2 contracts
Samples: Automatic and Facultative (Nationwide VL Separate Account-G), Automatic and Facultative (Nationwide VLI Separate Account-7)
