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 will not exceed the following amounts: US/Canadian Residents- No Foreign Travel $50,000,000 for all ages and rating classes. US/Canadian Residents - Foreign Travel $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E. Non US/Canadian Residents $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E.

Appears in 8 contracts

Samples: The Agreement (Pruco Life Variable Universal Account), The Agreement (Pruco Life Variable Universal Account), The Agreement (Pruco Life Variable Universal Account)

AutoNDA by SimpleDocs

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies will not exceed the following amounts: US/Canadian Residents- No Foreign Travel $50,000,000 75,000,000 for all ages and rating classes. US/Canadian Residents - Foreign Travel $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E. Non US/Canadian Residents $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E.

Appears in 2 contracts

Samples: 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)

AutoNDA by SimpleDocs

JUMBO LIMIT. For any policy to be reinsured under automatic reinsurance, the total amount of insurance in force and applied for in all companies will not exceed the following amounts: US/Canadian Residents- No Foreign Travel $50,000,000 70,000,000 for all ages and rating classes. US/Canadian Residents - Foreign Travel $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E. Non US/Canadian Residents $35,000,000 for issue ages through age 75 and rating classes through class E. $0 for issue ages over 75 or rating classes higher than E.

Appears in 1 contract

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

Time is Money Join Law Insider Premium to draft better contracts faster.