Common use of Automatic Coverage Clause in Contracts

Automatic Coverage. A. Reinsurance hereunder will be ceded automatically by the CEDING COMPANY through an Automatic Risk Pool. [name of reinsurance company] percentage of participation in each risk ceded through this Pool will be as shown in Exhibit D. B. For each risk on which reinsurance is ceded, the CEDING COMPANY will retain its full published retention at the time of issue, taking into account both currently issued and previously issued policies. C. The CEDING COMPANY may cede and [name of reinsurance company] will automatically accept reinsurance, if all of the following conditions are met for each life: 1. The CEDING COMPANY has retained its limit of retention as shown in Exhibit A. 2. The amount does not exceed the automatic binding limits shown in Exhibit D. 3. The sum of the amount of insurance already in force and applied for on that life, in all companies, does not exceed the Jumbo Limit as shown in Exhibit D. 4. The CEDING COMPANY has not made facultative application for reinsurance of the current or prior applications on the same life to [name of reinsurance company] or any other reinsurer. 5. The risk is underwritten in accordance with the CEDING COMPANY'S normal underwriting rules and practices. 6. The Plan is listed in Exhibit B. D. The CEDING COMPANY may automatically cede Waiver of Premium Disability reinsurance in amounts not to exceed the amounts shown in Exhibit D.

Automatic Coverage. A. Reinsurance hereunder will be ceded automatically by the CEDING COMPANY through an Automatic Risk Pool. [name of reinsurance company] ]'S percentage of participation in each risk ceded through this Pool will be as shown in Exhibit D. B. For each risk on which reinsurance is ceded, the CEDING COMPANY will retain its full published retention at the time of issue, taking into account both currently issued and previously issued policies. C. The CEDING COMPANY may cede and [name of reinsurance company] will automatically accept reinsurance, if all of the following conditions are met for each life: 1. The CEDING COMPANY has retained its limit of retention as shown in Exhibit A. 2. The amount does not exceed the automatic binding limits shown in Exhibit D. 3. The sum of the amount of insurance already in force and applied for on that life, in all companies, does not exceed the Jumbo Limit as shown in Exhibit D. 4. The CEDING COMPANY has not made facultative application for reinsurance of the current or prior applications on the same life to [name of reinsurance company] or any other reinsurer. 5. The risk is underwritten in accordance with the CEDING COMPANY'S normal underwriting rules and practices. 6. The Plan is listed in Exhibit B. D. The CEDING COMPANY may automatically cede Waiver of Premium Disability reinsurance in amounts not to exceed the amounts shown in Exhibit D.

Automatic Coverage. A. Reinsurance hereunder will be ceded automatically by the CEDING COMPANY through an Automatic Risk Pool. [name of reinsurance company] ]'s percentage of participation in each risk ceded through this Pool will be as shown in Exhibit D. B. For each risk on which reinsurance is ceded, the CEDING COMPANY will retain its full published retention at the time of issue, taking into account both currently issued and previously issued policies. C. The CEDING COMPANY may cede and [name of reinsurance company] will automatically accept reinsurance, if all of the following conditions are met for each life: 1. The CEDING COMPANY has retained its limit of retention as shown in Exhibit A. 2. The amount does not exceed the automatic binding limits shown in Exhibit D. 3. The sum of the amount of insurance already in force and applied for on that life, in all companies, does not exceed the Jumbo Limit as shown in Exhibit D. 4. The CEDING COMPANY has not made facultative application for reinsurance of the current or prior applications on the same life to [name of reinsurance company] or any other reinsurer. 5. The risk is underwritten in accordance with the CEDING COMPANY'S normal underwriting rules and practices. 6. The Plan is listed in Exhibit B. D. The CEDING COMPANY may automatically cede Waiver of Premium Disability reinsurance in amounts not to exceed the amounts shown in Exhibit D.