Common use of CONTRACTUAL CONVERSIONS AND EXCHANGES Clause in Contracts

CONTRACTUAL CONVERSIONS AND EXCHANGES. In the event of a contractual conversion or exchange, understood to be one which requires no evidence or insurability, the reinsurer of the original policy shall reinsure the risk resulting from such conversion or exchange rates shown in Part I of Schedule C point-in- scale. The reinsured Net Amount at Risk on the policy resulting from such conversion or exchange shall not exceed the current reinsured Net Amount at Risk on the policy or policies being converted or exchanged. If, however, the conversion or exchange results in an increase in the risk, the amount of increase shall be subject to evidence of insurability.

CONTRACTUAL CONVERSIONS AND EXCHANGES. In the event of a contractual conversion or exchangeexchange (i.e., understood to be one which conversion or exchange that requires no evidence or of insurability, ) the reinsurer of the original policy shall Reinsurer will reinsure the risk resulting from such conversion or exchange at the rates shown in Part I Schedule C on [*] and the percentages/allowance of Schedule C D on a point-in- scalein-scale basis. The reinsured Net Amount amount at Risk risk on the policy resulting from such conversion or exchange shall policies being converted may not exceed the current reinsured Net Amount amount at Risk risk on the policy or policies being converted or exchanged. If, however, If the conversion or exchange results in an increase in the of risk, the amount of increase shall will be subject to evidence of insurability.