Automatic Cessions. If the amount of the policy arising from the conversion is increased at the time of the conversion, the Reinsurer’s net amount at risk shall be increased proportionately, effective on the date of the conversion. The increased amount of the policy shall be subject to full underwriting by the Company, and the total amount reinsured shall not exceed the Jumbo Limits or the Automatic Limits as outlined in Exhibit E-I. Facultative Cession: Any increase in amount shall be subject to the Reinsurer’s approval. Premium rates shall be applied to the converted policy on a point-in-scale basis.
Appears in 3 contracts
Samples: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)
Automatic Cessions. If the amount of the policy arising from the conversion is increased at the time of the conversion, the Reinsurer’s net amount at risk shall be increased proportionately, effective on the date of the conversion. The increased amount of the policy shall be subject to full underwriting by the CompanyCompany in accordance with Exhibit H, and the total amount reinsured shall not exceed the Jumbo Limits or the Automatic Limits as outlined set forth in Exhibit Exhibits E-I. Facultative Cession: Any increase in amount shall be subject to the Reinsurer’s approval. Premium rates shall be applied to the converted policy on a pointI, E-inII and E-scale basisIII.
Appears in 2 contracts
Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)
