Common use of AUTOMATIC ACCEPTANCE LIMITS Clause in Contracts

AUTOMATIC ACCEPTANCE LIMITS. The total maximum amount of life reinsurance which you can cede automatically shall be $1,000,000. It is understood that another reinsurer is also participating in the reinsurance and the total automatic acceptance limit as defined above is for each participant separately.

Appears in 4 contracts

Sources: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)