Common use of FACULTATIVE PROVISIONS Clause in Contracts

FACULTATIVE PROVISIONS. The Ceding Company will send copies of the original applications, all medical reports, inspection reports, attending physician’s statement, and any additional information pertinent to the insurability of the risk to the Reinsurer. The Ceding Company will also notify the Reinsurer of any underwriting information requested or received after the initial request for reinsurance is made. For policies which contain automatic increase provisions, the Ceding Company will inform the Reinsurer of the initial and ultimate risk amounts for which reinsurance is being requested, or in the case of indexed amounts, the basis of the indexing. On a timely basis, the Reinsurer will submit a written decision to the Ceding Company. In no case will the Reinsurer’s offer on facultative submissions be open after 120 days have elapsed from the date of the Reinsurer’s offer to participate in the risk. Acceptance of the offer and delivery of the policy according to the rules of the Ceding Company must occur within 120 days of the final reinsurance offer. Unless the Reinsurer explicitly states in writing that the final offer is extended, the offer will be automatically withdrawn at the end of day 120. The Reinsurer will not be liable for proceeds paid under the Ceding Company’s conditional receipt or temporary insurance agreement for risks submitted on a facultative basis.

FACULTATIVE PROVISIONS. The Ceding Company will send copies of the original applications, all medical reports, inspection reports, attending physician’s 's statement, and any additional information pertinent to the insurability of the risk to the Reinsurer. The Ceding Company will also notify the Reinsurer of any underwriting information requested or received after the initial request for reinsurance is made. For policies which contain automatic increase provisions, the Ceding Company will inform the Reinsurer of the initial and ultimate risk amounts for which reinsurance is being requested, or in the case of indexed amounts, the basis of the indexing. On a timely basis, the Reinsurer will submit a written decision to the Ceding Company. In no case will the Reinsurer’s 's offer on facultative submissions be open after 120 days have elapsed from the date of the Reinsurer’s 's offer to participate in the risk. Acceptance of the offer and delivery of the policy according to the rules of the Ceding Company must occur within 120 days of the final reinsurance offer. Unless the Reinsurer explicitly states in writing that the final offer is extended, the offer will be automatically withdrawn at the end of day 120. The Reinsurer will not be liable for proceeds paid under the Ceding Company’s 's conditional receipt or temporary insurance agreement for risks submitted on a facultative basis.

FACULTATIVE PROVISIONS. The Ceding Company will send copies of the original applications, all medical reports, inspection reports, attending physician’s 's statement, and any additional information pertinent to the insurability of the risk to the Reinsurer. The Ceding Company will also notify the Reinsurer of any underwriting information requested or received after the initial request for reinsurance is made. For policies which contain automatic increase provisions, the Ceding Company will inform the Reinsurer of the initial and ultimate risk amounts for which reinsurance is being requested, or in the case of indexed amounts, the basis of the indexing. On a timely basis, the Reinsurer will submit a written decision to the Ceding Company. In no case will the Reinsurer’s 's offer on facultative submissions be open after 120 one hundred twenty (120) days have elapsed from the date of the Reinsurer’s 's offer to participate in the risk. Acceptance of the offer and delivery of the policy according to the rules of the Ceding Company must occur within 120 one hundred twenty (120) days of the final reinsurance offer. Unless the Reinsurer explicitly states in writing that the final offer is extended, the offer will be automatically withdrawn at the end of day one hundred twenty (120). The Reinsurer will not be liable for proceeds paid under the Ceding Company’s conditional receipt 's Conditional Receipt or temporary insurance agreement for risks submitted on a facultative basis.

FACULTATIVE PROVISIONS. The Ceding Company will send copies of the original applications, all medical reports, inspection reports, attending physician’s 's statement, and any additional information pertinent to the insurability of the risk to the Reinsurer. The Ceding Company will also notify the Reinsurer of any underwriting information requested or received after the initial request for reinsurance is made. For policies which contain automatic increase provisions, the Ceding Company will inform the Reinsurer of the initial and ultimate risk amounts for which reinsurance is being requested, or in the case of indexed amounts, the basis of the indexing. On a timely basis, the Reinsurer will submit a written decision to the Ceding Company. In no case will the Reinsurer’s 's offer on facultative submissions be open after 120 days have elapsed from the date of the Reinsurer’s 's offer to participate in the risk. Acceptance of the offer and delivery of the policy according to the rules of the Ceding Company must occur within 120 days of the final reinsurance offer. Unless the Reinsurer explicitly states in writing that the final offer is extended, the offer will be automatically withdrawn at the end of day 120. The Reinsurer will not be liable for proceeds paid under the Ceding Company’s 's conditional receipt or temporary insurance agreement for risks submitted on a facultative basis.. i 5 01/25/00

FACULTATIVE PROVISIONS. The Ceding Company will send copies of the original applications, all medical reports, inspection reports, attending physician’s 's statement, and any additional information pertinent to the insurability of the risk to the Reinsurer. The Ceding Company will also notify the Reinsurer of any underwriting information requested or received after the initial request for reinsurance is made. For policies which contain automatic increase provisions, the Ceding Company will inform the Reinsurer of the initial and ultimate risk amounts for which reinsurance is being requested, or in the case of indexed amounts, the basis of the indexing. On a timely basis, the Reinsurer will submit a written decision to the Ceding Company. In no case will the Reinsurer’s 's offer on facultative submissions be open after 120 days [*] have elapsed from the date of the Reinsurer’s 's offer to participate in the risk. Acceptance of the offer and delivery of the policy according to the rules of the Ceding Company must occur within 120 [*] days of the final reinsurance offer. Unless the Reinsurer explicitly states in writing that the final offer is extended, the offer will be automatically withdrawn at the end of day 120. [*] The Reinsurer will not be liable for proceeds paid under the Ceding Company’s 's conditional receipt or temporary insurance agreement for risks submitted on a facultative basis.

FACULTATIVE PROVISIONS. The Ceding Company will send copies of the original applications, all medical reports, inspection reports, attending physician’s statement, and any additional information pertinent to the insurability of the risk to the Reinsurer. The Ceding Company will also notify the Reinsurer of any underwriting information requested or received after the initial request for reinsurance is made. For policies which contain automatic increase provisions, the Ceding Company will inform the Reinsurer of the initial and ultimate risk amounts for which reinsurance is being requested, or in the case of indexed amounts, the basis of the indexing. On a timely basis, the Reinsurer will submit a written decision to the Ceding Company. In no case will the Reinsurer’s offer on facultative submissions be open after 120 one hundred twenty (120) days have elapsed from the date of the Reinsurer’s offer to participate in the risk. Acceptance of the offer and delivery of the policy according to the rules of the Ceding Company must occur within 120 one hundred twenty (120) days of the final reinsurance offer. Unless the Reinsurer explicitly states in writing that the final offer is extended, the offer will be automatically withdrawn at the end of day 120one hundred twenty(120). The Reinsurer will not be liable for proceeds paid under the Ceding Company’s conditional receipt Conditional Receipt or temporary insurance agreement for risks submitted on a facultative basis.

FACULTATIVE PROVISIONS. The Ceding Company will send copies of the original applications, all medical reports, inspection reports, attending physician’s statement, and any additional information pertinent to the insurability of the risk to the Reinsurer. The Ceding Company will also notify the Reinsurer of any underwriting information requested or received after the initial request for reinsurance is made. For policies which contain automatic increase provisions, the Ceding Company will inform the Reinsurer of the initial and ultimate risk amounts for which reinsurance is being requested, or in the case of indexed amounts, the basis of the indexing. On a timely basis, the Reinsurer will submit a written decision to the Ceding Company. In no case will the Reinsurer’s offer on facultative submissions be open after 120 one hundred twenty (120) days have elapsed from the date of the Reinsurer’s offer to participate in the risk. Acceptance of the offer and delivery of the policy according to the rules of the Ceding Company must occur within 120 one hundred twenty (120) days of the final reinsurance offer. Unless the Reinsurer explicitly states in writing that the final offer is extended, the offer will be automatically withdrawn at the end of day one hundred twenty (120). The Reinsurer will not be liable for proceeds paid under the Ceding Company’s conditional receipt Conditional Receipt or temporary insurance agreement for risks submitted on a facultative basis.