Common use of JUMBO LIMIT Clause in Contracts

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies shall not exceed the Jumbo Limit as shown in Schedule A.

Appears in 45 contracts

Samples: Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life Variable Universal Account)

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JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies companies, including any amounts to be replaced as stated in the application or signed amendment, if any, shall not exceed the Jumbo Limit as shown in Schedule A.

Appears in 7 contracts

Samples: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life Variable Universal Account)

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies companies, of which THE COMPANY is aware, shall not exceed the Jumbo Limit as shown in Schedule A.A. In determining the total amount in force and applied for, THE COMPANY will use commercially reasonable efforts.

Appears in 6 contracts

Samples: Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account), Automatic and Facultative (Pruco Life Variable Universal Account)

JUMBO LIMIT. For any policy fully underwritten policies to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies shall not exceed the Jumbo Limit as shown in Schedule A.

Appears in 5 contracts

Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)

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JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies companies, of which THE COMPANY is aware, shall not exceed the Jumbo Limit as shown in Schedule A.

Appears in 4 contracts

Samples: Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account), Automatic and Facultative (Pruco Life Variable Appreciable Account), Automatic and Facultative (Pruco Life Variable Universal Account)

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