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 amounts in the following tables: US/Canadian Residents Issue Age No Substandard Rating –Rating Class H 0 - 80 $65,000,000 81- 85 $30,000,000 86 - 90 $10,000,000 Non US/Canadian Residents Issue Age No Substandard Rating –Rating Class E Rating Class F – H 0 - 00 $00,000,000 Xxxx 00 - 00 Xxxx Xxxx When determining the amount inforce, any amounts to be replaced are to be included except for an existing policy that is to be replaced, with or without a 1035 exchange, where THE COMPANY has received and placed in its underwriting files an acceptable absolute assignment form. Note: When a policy is reinsured under automatic reinsurance and the total amount in force and applied for in all companies exceeds $40,000,000, THE REINSURER must be notified and THE COMPANY shall provide the amount being issued.

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 amounts in the following tables: US/Canadian Residents Issue Age No Substandard Rating –– Rating Class H 0 - 0- 80 $65,000,000 81- 81-85 $30,000,000 86 - 86-90 $10,000,000 Non US/Canadian Residents Issue Age No Substandard Rating –– Rating Class E Rating Class F – H 0 - 00 0–75 $00,000,000 35,000,000 Xxxx 00 - 00-00 Xxxx Xxxx When determining the amount inforce, any amounts to be replaced are to be included except for an existing policy that is to be replaced, with or without a 1035 exchange, where THE COMPANY has received and placed in its underwriting files an acceptable absolute assignment form. Note: When a policy is reinsured under automatic reinsurance and the total amount in force and applied for in all companies exceeds $40,000,000, THE REINSURER must be notified and THE COMPANY shall provide the amount being issued.

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 amounts in the following tables: US/Canadian Residents Issue Age No Substandard Rating –– Rating Class H 0 - 0- 80 $65,000,000 81- 81-85 $30,000,000 86 - 86-90 $10,000,000 Non US/Canadian Residents Issue Age No Substandard Rating –– Rating Class E Rating Class F – H 0 - 00 0–75 $00,000,000 Xxxx 00 - 35,000,000 Nxxx 00-00 Xxxx Xxxx When determining the amount inforce, any amounts to be replaced are to be included except for an existing policy that is to be replaced, with or without a 1035 exchange, where THE COMPANY has received and placed in its underwriting files an acceptable absolute assignment form. Note: When a policy is reinsured under automatic reinsurance and the total amount in force and applied for in all companies exceeds $40,000,000, THE REINSURER must be notified and THE COMPANY shall provide the amount being issued.