CONVERSIONS AND EXCHANGES. A. If any policy ceded automatically under this Agreement is exchanged for another policy that is listed in Exhibit III, the new policy shall be reinsured on the basis described in Article I based upon the policy date, age and underwriting classification of the new policy.
Appears in 9 contracts
Samples: Reinsurance Agreement (Metropolitan Life Separate Account Ul), Reinsurance Agreement (Metlife Investors Variable Life Account One), Reinsurance Agreement (Metropolitan Life Separate Account Ul)
CONVERSIONS AND EXCHANGES. A. If any policy ceded automatically under pursuant to Article I of this Agreement is exchanged for for, or converted to another policy that is listed in Exhibit III, the new policy shall be reinsured on the basis described in Article I based upon the policy date, age and underwriting classification of the new policy.
Appears in 1 contract
Samples: Master Agreement (New England Variable Life Separate Account)
