Common use of Automatic Coverage Clause in Contracts

Automatic Coverage. For automatic reinsurance coverage of any policy covered under this Agreement, the Company will retain the amount stipulated in Exhibit D according to the age and mortality rating at the time of underwriting. The Company will automatically cede the amount of reinsurance to the Reinsurer according to the Automatic Acceptance Limits specified in Exhibit E.

Appears in 9 contracts

Samples: Automatic Self Administered Yrt Reinsurance Agreement (National Variable Life Insurance Account), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

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Automatic Coverage. For automatic reinsurance coverage of any policy covered under this Agreement, the Company will retain the amount stipulated in Exhibit D according to the age and mortality Mortality rating at the time of underwriting. The Company will automatically cede the amount of reinsurance to the Reinsurer according to the Automatic Acceptance Limits specified in Exhibit E.

Appears in 3 contracts

Samples: Automatic Self Administered Yrt Reinsurance Agreement (Llac Variable Account), Automatic Self Administered Yrt Reinsurance Agreement (Llac Variable Account), Yrt Reinsurance Agreement (Llac Variable Account)

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