Common use of Automatic Coverage Clause in Contracts

Automatic Coverage. The reinsurance of a policy reinstated by the CEDING COMPANY in accordance with its terms and the CEDING COMPANY's usual reinstatement practices and procedures, shall be automatically reinstated as of the date of reinstatement.

Appears in 2 contracts

Sources: Reinsurance Agreement (Mony America Variable Account L), Reinsurance Agreement (Security Equity Life Insurance Co Separate Account 13)