Common use of Noncontractual Increases Clause in Contracts

Noncontractual Increases. If the amount of insurance is increased as a result of a noncontractual change, the increase is eligible for reinsurance only If the increase is underwritten by the Ceding Company in accordance with its Underwriting Guidelines and the requirements set forth in Article 3.3. If eligible, the increase will be considered New Business. Otherwise, the increase is not eligible for reinsurance under this Agreement. Munich Re, U.S. (Life)’s prior written approval is required if the original Policy was reinsured on a facultative basis or if the new amount will cause the reinsured amount on the life to exceed either the Automatic Binding Limits or the Jumbo Limits shown in Exhibit B. Munich Re, U.S. (Life) will assume its share of the entire amount in excess of the Ceding Company’s Treaty Retention, as shown in Exhibit B, up to Munich Re, U.S. (Life)’s proportionate share of the Automatic Binding Limits shown in Exhibit B. Premiums for the additional reinsurance will be at the new-issue rate from the point of increase. First year premiums rates and allowances as specified in Exhibit D will apply to the amount underwritten for a non-contractual increase.

Noncontractual Increases. If the amount of insurance is increased as a result of a noncontractual change, the increase is eligible for reinsurance only If if the increase is underwritten by the Ceding Company in accordance with its Underwriting Guidelines and the requirements set forth in Article 3.3. If eligible, the increase will be considered New Business. Otherwise, the increase is not eligible for reinsurance under this Agreement. Munich Re, U.S. (Life)’s prior written approval is required if the original Policy was reinsured on a facultative basis or if the new amount will cause the reinsured amount on the life to exceed either the Automatic Binding Limits or the Jumbo Limits shown in Exhibit B. Munich Re, U.S. (Life) will assume its share of the entire amount in excess of the Ceding Company’s Treaty Retention, Retention as shown in Exhibit BA, up to Munich Re, U.S. (Life)’s proportionate share of the Automatic Binding Limits shown in Exhibit B. Premiums for the additional reinsurance will be at the new-issue rate from the point of increase. First year premiums rates and allowances as specified in Exhibit D will apply to the amount underwritten for a non-contractual increase.