Common use of Changes to the Underlying Policy Clause in Contracts

Changes to the Underlying Policy. a) If any change is made to an underlying policy, the reinsurance will change accordingly. The Ceding Company will notify the Reinsurer of the change and the appropriate premium adjustment on its periodic statement of account. b) Increases resulting from contractual provisions and policies, including policies in corridor, with increasing net amounts at risk will not be considered new business and will continue to be reinsured under this Agreement. Such increases will be reinsured on a point in scale basis utilizing the attained age reinsurance premiums. c) Should an increase in the death benefit of policies that are not reinsured, but which are otherwise covered by this agreement up to the Auto Binding Limit, will also be reinsured on a point in scale basis utilizing the attained age reinsurance premiums. d) All other increases up to the Automatic Binding Limit do not require the Reinsurer’s approval. Increases that would result in the total Net Amount of Risk exceeding the Automatic Binding Limits at the attained age of the insured are subject to the prior approval of the Reinsurer. The Ceding Company will provide the Reinsurer copies of all documents relating to the change in coverage.

Changes to the Underlying Policy. a) All changes. If any change is made to an the underlying policy, the reinsurance will change accordingly. The Ceding Company will notify the Reinsurer Pool Reinsurers of the change and the appropriate premium adjustment on its periodic statement of account. b) Increases resulting from contractual provisions and policies, including policies in corridor, with increasing net amounts at risk will not be considered new business and will continue to be reinsured under this Agreement. Such increases will be reinsured on a point in scale basis utilizing the attained age reinsurance premiums. c) Should an increase Increases in the death benefit of policies that are not currently reinsured, but on which are otherwise covered by this agreement up to the Auto Binding Limitwe have kept our full retention, will also be reinsured on a point in scale basis utilizing the attained age reinsurance premiums. d) All other increases up to the Automatic Binding Limit do not require the Reinsurer’s Pool Reinsurers' approval. Increases that would result in the total Net Amount of Risk exceeding the Automatic Binding Limits at the attained age of the insured are subject to the prior approval of the Reinsurerany Pool Reinsurer prior to such Pool Reinsurer being bound. The Ceding Company will provide the Pool Reinsurer copies of all documents relating to the change in coverage.