Common use of Changes to the Underlying Policy Clause in Contracts

Changes to the Underlying Policy. You will give us prompt written notification of any policy changes which affect the reinsurance provided under this Agreement. Our approval is required if the underwriting classification of a risk reinsured on a facultative basis is changed. Our approval is also required for any other changes that are not specifically covered under this Agreement.

Changes to the Underlying Policy. You will w ill give us prompt written notification of any policy changes which materially affect the reinsurance provided under this Agreement. Our approval is required if the underwriting classification of a risk reinsured on a facultative basis is changed. Our approval is also required for any other changes that are not specifically covered under this Agreement.