First Excess. The First Excess of the Ceding Company to be automatically covered under this Agreement, including previous reinsurances ceded by the Ceding Company on the same life, is defined as follows:
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Sources: Automatic Reinsurance Agreement (American National Variable Life Separate Account), Automatic Reinsurance Agreement (American National Variable Annuity Separate Account), Automatic Reinsurance Agreement (American National Variable Life Separate Account)
First Excess. The First Excess of the Ceding Company to be automatically covered under this Agreement, including previous reinsurances reinsurance ceded to Reinsurer by the Ceding Company on the same life, is defined as follows:
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