Common use of Automatic Cessions Clause in Contracts

Automatic Cessions. a) Issue age and rating restrictions are shown in the following table. The youngest insured must be between the ages of 15 - 85. The minimum life expectancy for each of the two lives is one year. -------------------------------------------------------------------- MAXIMUM TABLE RATING AVAILABLE TO THE YOUNGEST APPLICANT IF THE OLDEST APPLICANT'S CLASSIFICATION IS: -------------------------------------------------------------------- YOUNGEST APPLICANT'S AGE GROUP* STANDARD SUBSTANDARD UNINSURABLE ---------- -------- ----------- ----------- -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] [ages] -------------------------------------------------------------------- * lf both applicants are in the same age group, use the lower rated applicant as the youngest applicant. For example, if both applicants are ages 81 - 85, the Ceding Company can issue up to D/D or Standard/Uninsurable. b) Definition of substandard (as opposed to uninsurable): ------------------------------------------------------------------- [ages] Through Table P ------------------------------------------------------------------- [ages] Through Table H ------------------------------------------------------------------- [ages] Through Table D ------------------------------------------------------------------- [ages] Always considered uninsurable even if standard ------------------------------------------------------------------- c) Definition of (acceptable) uninsurable: For the purposes of this Agreement, a risk will be classed as uninsurable if it is assessed at a table rating higher than the substandard limits above and if the life expectancy is at least one year. d) The Reinsurer's share of the total automatic pool will be [percentage] IDSL-NY Succession Select Treaty

Automatic Cessions. a) Issue age and rating restrictions are shown in the following table. The youngest insured must be between the ages of 15 - 85. The minimum life expectancy for each of the two lives is one year. -------------------------------------------------------------------- ------------------------------------------------------------------- MAXIMUM TABLE RATING AVAILABLE TO THE YOUNGEST APPLICANT IF THE OLDEST APPLICANT'S CLASSIFICATION IS: -------------------------------------------------------------------- ------------------------------------------------------------------- YOUNGEST APPLICANT'S AGE GROUP* STANDARD SUBSTANDARD UNINSURABLE ---------- -------- ----------- ----------- -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] [ages] -------------------------------------------------------------------- * lf ------------------------------------------------------------------- Ages 15 - 45 Uninsurable Uninsurable P ------------------------------------------------------------------- Ages 46 - 55 Uninsurable P H ------------------------------------------------------------------- Ages 56 - 75 P H F ------------------------------------------------------------------- Ages 76 - 80 H F D ------------------------------------------------------------------- Ages 81 - 85 Standard D Standard ------------------------------------------------------------------- *If both applicants are in the same age group, use the lower rated applicant as the youngest applicant. For example, if both applicants are ages 81 - 85, the Ceding Company can issue up to D/D or Standard/Uninsurable. b) Definition of substandard (as opposed to uninsurable): ------------------------------------------------------------------- [ages] Ages 20 - 75 Through Table P ------------------------------------------------------------------- [ages] Ages 76 - 80 Through Table H ------------------------------------------------------------------- [ages] Ages 81 - 85 Through Table D ------------------------------------------------------------------- [ages] Ages 86 - 90 Always considered uninsurable even if standard ------------------------------------------------------------------- c) Definition of (acceptable) uninsurable: For the purposes of this Agreement, a risk will be classed as uninsurable if it is assessed at a table rating higher than the substandard limits above and if the life expectancy is at least one year. d) The Reinsurer's share of the total automatic pool will be [percentage] ]. IDSL-NY Succession Select Treaty

Automatic Cessions. a) Issue age and rating restrictions are shown in the following table. The youngest insured must be between the ages of 15 - 85. The minimum life expectancy for each of the two lives is one year. -------------------------------------------------------------------- ------------------------------------------------------------------- MAXIMUM TABLE RATING AVAILABLE TO THE YOUNGEST APPLICANT IF THE OLDEST APPLICANT'S CLASSIFICATION IS: -------------------------------------------------------------------- ------------------------------------------------------------------- YOUNGEST APPLICANT'S AGE GROUP* STANDARD SUBSTANDARD UNINSURABLE ---------- -------- ----------- ----------- -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] [ages] -------------------------------------------------------------------- * lf ------------------------------------------------------------------- Ages 15 - 45 ------------------------------------------------------------------- Ages 46 - 55 ------------------------------------------------------------------- Ages 56 - 75 ------------------------------------------------------------------- Ages 76 - 80 ------------------------------------------------------------------- Ages 81 - 85 ------------------------------------------------------------------- *If both applicants are in the same age group, use the lower rated applicant as the youngest applicant. For example, if both applicants are ages 81 - 85, the Ceding Company can issue up to D/D or Standard/Uninsurable. b) Definition of substandard (as opposed to uninsurable): ------------------------------------------------------------------- [ages] Ages 20 - 75 Through Table P ------------------------------------------------------------------- [ages] Ages 76 - 80 Through Table H ------------------------------------------------------------------- [ages] Ages 81 - 85 Through Table D ------------------------------------------------------------------- [ages] Ages 86 - 90 Always considered uninsurable even if standard ------------------------------------------------------------------- c) Definition of (acceptable) uninsurable: For the purposes of this Agreement, a risk will be classed as uninsurable if it is assessed at a table rating higher than the substandard limits above and if the life expectancy is at least one year. d) The Reinsurer's share of the total automatic pool will be [percentage] ]. IDSL-NY Succession Select Treaty

Automatic Cessions. a) Issue age and rating restrictions are shown in the following table. The youngest insured must be between the ages of 15 - 85. The minimum life expectancy for each of the two lives is one year. -------------------------------------------------------------------- MAXIMUM TABLE RATING AVAILABLE TO THE YOUNGEST APPLICANT IF THE OLDEST APPLICANT'S CLASSIFICATION IS: -------------------------------------------------------------------- YOUNGEST APPLICANT'S AGE GROUP* STANDARD SUBSTANDARD UNINSURABLE ---------- -------- ----------- ----------- -------------------------------------------------------------------- [ages] Ages 15 - 45 -------------------------------------------------------------------- [ages] Ages 46 - 55 -------------------------------------------------------------------- [ages] Ages 56 - 75 -------------------------------------------------------------------- [ages] [ages] Ages 76 - 80 -------------------------------------------------------------------- * lf Ages 81 - 85 -------------------------------------------------------------------- *If both applicants are in the same age group, use the lower rated applicant as the youngest applicant. For example, if both applicants are ages 81 - 85, the Ceding Company can issue up to D/D or Standard/Uninsurable. b) Definition of substandard (as opposed to uninsurable): ------------------------------------------------------------------- [ages] -------------------------------------------------------------------- Ages 20 - 75 Through Table P ------------------------------------------------------------------- [ages] -------------------------------------------------------------------- Ages 76 - 80 Through Table H ------------------------------------------------------------------- [ages] -------------------------------------------------------------------- Ages 81 - 85 Through Table D ------------------------------------------------------------------- [ages] -------------------------------------------------------------------- Ages 86 - 90 Always considered uninsurable even if standard --------------------------------------------------------------------------------------------------------------------------------------- c) Definition of (acceptable) uninsurable: For the purposes of this Agreement, a risk will be classed as uninsurable if it is assessed at a table rating higher than the substandard limits above and if the life expectancy is at least one year. d) The Reinsurer's share of the total automatic pool will be [percentage] IDSL-NY ]. IDSL Succession Select Treaty

Automatic Cessions. a) Issue age and rating restrictions are shown in the following table. The youngest insured must be between the ages of 15 - 85. The minimum life expectancy for each of the two lives is one year. -------------------------------------------------------------------- MAXIMUM TABLE RATING AVAILABLE TO THE YOUNGEST APPLICANT IF THE OLDEST APPLICANT'S CLASSIFICATION IS: -------------------------------------------------------------------- YOUNGEST APPLICANT'S AGE GROUP* STANDARD SUBSTANDARD UNINSURABLE ---------- -------- ----------- ----------- -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- [ages] -------------------------------------------------------------------- * lf both applicants are in the same age group, use the lower rated applicant as the youngest applicant. For example, if both applicants are ages 81 - 85, the Ceding Company can issue up to D/D or Standard/Uninsurable. b) Definition of substandard (as opposed to uninsurable): ------------------------------------------------------------------- [ages] -------------------------------------------------------------------- Ages 20 - 75 Through Table P ------------------------------------------------------------------- [ages] -------------------------------------------------------------------- Ages 76 - 80 Through Table H ------------------------------------------------------------------- [ages] -------------------------------------------------------------------- Ages 81 - 85 Through Table D ------------------------------------------------------------------- [ages] -------------------------------------------------------------------- Ages 86 - 90 Always considered uninsurable even if standard --------------------------------------------------------------------------------------------------------------------------------------- c) Definition of (acceptable) uninsurable: For the purposes of this Agreement, a risk will be classed as uninsurable if it is assessed at a table rating higher than the substandard limits above and if the life expectancy is at least one year. d) The Reinsurer's share of the total automatic pool will be [percentage] IDSL-NY ]. IDS Succession Select Treaty