Common use of Forms, Manuals, Issue Rules Clause in Contracts

Forms, Manuals, Issue Rules. It is the Company's obligation to ensure that business ceded under this Agreement does not deviate from the underwriting criteria: a. The Preferred Criteria for business ceded under this Agreement is included Exhibit 0. b. The Age and Amount requirements for business ceded under this agreement are included in Exhibit E. c. The Underwriting Manual used for the classification or risk business ceded under this agreement is Swiss Re. d. The application for insurance and conditional receipt or temporary insurance agreement is included in Exhibit F. e. The Table C-to-Standard Guidelines is Exhibit G. The Company warrants that its retention schedule, Age and Amount requirements, Preferred Criteria, Underwriting Manual, premium rates and policy forms applicable to the reinsured policies and in use as of the effective date of this agreement have been supplied to the Reinsurer. If the Underwriting Manual has not been supplied, the company will inform the Reinsurer of the manual in use. The Company will promptly notify the Reinsurer of any proposed changes to the above or any changes that will alter the risk profile of business reinsured under this Agreement This Agreement will not extend to any policies issued pursuant to any changes unless the Reinsurer has consented in writing to accept policies to such changes. This Agreement will not provide automatic reinsurance where a policy has been issued contrary to the agreed upon underwriting criteria. The following list is meant to provide examples, but is not intended to be all-inclusive: a. The risk should have been declined, postponed, or additional information obtained based on the underwriting manual cited above, b. A risk that exceeds the agreed upon limits or capacity, c. Not obtaining Age and Amount requirements, d. Reducing ratings outside approved guidelines. If a policy is issued at a premium rate different from the agreed upon Underwriting guidelines then: Absent any knowledge by the company of a claim on the policy, the Reinsurer will receive the appropriate premium, based on the appropriate underwriting rate per the agreed upon underwriting guidelines. The Reinsurer's liability remains unchanged. In all other cases, the Reinsurer's liability will be reduced to the same proportion as in the reinsurance premiums credited to the Reinsurer bears to the reinsurance premiums based on the appropriate underwriting rating per the agreed upon underwriting guidelines.

Forms, Manuals, Issue Rules. It is the Company's obligation to ensure that business ceded under this Agreement does not deviate from the underwriting criteria: a. The Preferred Criteria for business ceded under this Agreement is included Exhibit 0. _______. b. The Age and Amount requirements for business ceded under this agreement are included in Exhibit E. _______. c. The Underwriting Manual used for the classification or risk business ceded under this agreement is Swiss Re. _______. d. The application for insurance and conditional receipt or temporary insurance agreement is included in Exhibit F. e. The Table C-to-Standard Guidelines is Exhibit G. _______. The Company warrants that its retention schedule, Age and Amount requirements, Preferred Criteria, Underwriting Manual, premium rates and policy forms applicable to the reinsured policies and in use as of the effective date of this agreement have been supplied to the Reinsurer. If the Underwriting Manual has not been supplied, the company will inform the Reinsurer of the manual in use. The Company will promptly notify the Reinsurer of any proposed changes to the above or any changes that will alter the risk profile of business reinsured under this Agreement Agreement. This Agreement will not extend to any policies issued pursuant to any changes unless the Reinsurer has consented in writing to accept policies to such changes. This Agreement will not provide automatic reinsurance where a policy has been issued contrary to the agreed upon underwriting criteria. The following list is meant to provide examples, but is not intended to be all-inclusive: a. The risk should have been declined, postponed, or additional information obtained based on the underwriting manual cited above, , b. A risk that exceeds the agreed upon limits or capacity, , c. Not obtaining Age and Amount requirements, , d. Reducing ratings outside approved guidelines. If a policy is issued at a premium rate different from the agreed upon Underwriting guidelines then: Absent any knowledge by the company of a claim on the policy, the Reinsurer will receive the appropriate premium, based on the appropriate underwriting rate per the agreed upon underwriting guidelines. The Reinsurer's liability remains unchanged. In all other cases, the Reinsurer's liability will be reduced to the same proportion as in the reinsurance premiums credited to the Reinsurer bears to the reinsurance premiums based on the appropriate underwriting rating per the agreed upon underwriting guidelines.