Automatic Binding Limit. The Automatic Binding limit will not be more than 10 times the Ceding Company’s retention. The Automatic Binding Limit includes the Ceding Company’s retention. Automatic Binding is not allowed above age 80.
Appears in 3 contracts
Sources: Reinsurance Agreement (Guardian Separate Account K), Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co)