Changes in Retention. Facultative Binder Coverage (conditional receipt) for regular issue, Guaranteed Issue (GI) and Simplified Issue (SI): If the reinsurer has facultatively accepted a case where premium is accepted and lives meet the “actively at work” requirement but the case has not been issued, the reinsurer will provide coverage.
Appears in 1 contract
Sources: Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)
Changes in Retention. Facultative Binder Coverage (conditional receipt) for regular issue, Guaranteed Issue (GI) and Simplified Issue (SI): If the reinsurer has facultatively accepted a case where premium is accepted and lives meet the “actively at work” requirement but the case has not been issued, the reinsurer will provide coverage.. [page break]
Appears in 1 contract
Sources: Automatic and Facultative Yrt Agreement (Massachusetts Mutual Variable Life Separate Account I)