Common use of NOTIFICATION AND PLACEMENT Clause in Contracts

NOTIFICATION AND PLACEMENT. If a policy reinsured under this Agreement is converted, exchanged or replaced, the Ceding Company will notify the Reinsurer within [*] days after the effective date of the conversion, exchange or replacement. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, practices and procedures for exchanges and replacements. Conversions, exchanges or replacements of policies previously reinsured with the Reinsurer will continue to be reinsured with the Reinsurer, except as noted in Article one.4, in an amount not to exceed the original Reinsured Net Amount at Risk unless such conversion, exchange or replacement meets all the criteria for New Business and is ceded as such. Unless mutually agreed otherwise, policies that are not reinsured with the Reinsurer and that are converted or exchanged to or replaced by a plan covered under this Agreement will not be reinsured hereunder unless such conversion, exchange or replacement meets all the criteria for New Business and is ceded as such. Group conversions and term conversions, other than conversions of a term rider reinsured hereunder, to the plans reinsured hereunder will not be reinsured under this Agreement.

NOTIFICATION AND PLACEMENT. If a policy term rider reinsured under this Agreement is convertedconverted to a permanent policy, exchanged or replacedper the contractual rights under the term rider as specified in Exhibit C.7, the Ceding Company will notify the Reinsurer on its reporting statement with a conversion indicator within [*] ninety (90) days after the effective date of the conversion, exchange or replacement. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, practices and procedures for exchanges and replacements. Conversions, exchanges or replacements Conversions of policies term riders previously reinsured with the Reinsurer will continue to be reinsured with the Reinsurer, except as noted in Article one.4, Reinsurer in an amount not to exceed the original Reinsured Net Amount at Risk unless such conversion, Risk. Riders and benefits not attached to the Original Policy and reinsured hereunder that are added at the time of conversion will not be reinsured under this Agreement without prior approval of the Reinsurer. The Reinsurer’s approval to exchange or replacement meets all replace the criteria for Original Policy is required prior to ceding the New Business and is ceded as suchPolicy to the Agreement. Exchanges or replacements from one term plan to another term plan, or any other non-contractual term plan changes, will not be reinsured under this Agreement. Unless mutually agreed otherwise, policies that are not reinsured with the Reinsurer and that are converted or exchanged to or replaced by a plan covered under this Agreement will not be reinsured hereunder unless such conversion, exchange or replacement meets all the criteria for New Business and is ceded as such. Group conversions and term conversions, other than conversions of a term rider reinsured hereunder, to the plans reinsured hereunder will not be reinsured under this Agreement.

NOTIFICATION AND PLACEMENT. If a policy reinsured under this Agreement is converted, continued, exchanged or replaced, the Ceding Company will promptly notify the Reinsurer within [*] days after the effective date of the conversion, exchange or replacementReinsurer. A policy resulting from an internal exchange or replacement will be underwritten by the Ceding Company in accordance with its underwriting guidelines, practices and procedures for exchanges and replacements. Conversions, continuations, exchanges or replacements of policies previously reinsured with the Reinsurer will continue to be reinsured with the Reinsurer, except as noted in Article one.4, Reinsurer in an amount not to exceed the original Reinsured Net Amount at Risk Risk, unless such conversion, continuation, exchange or replacement meets all the criteria for New Business Business, as defined in Article 6.2, and is ceded as such. Furthermore, any Policy reduction, termination and/or change at time of conversion, continuation, exchange or replacement will be reinsured according to the provisions of Article 6. Unless mutually agreed otherwise, policies that are not reinsured with the Reinsurer and that are converted or continued, exchanged to or replaced by a plan covered under this Agreement will not be reinsured hereunder unless such conversion, continuation, exchange or replacement meets all the criteria for New Business and is ceded as such. Group conversions and term conversions, other than conversions of a term rider reinsured hereunder, to the plans reinsured hereunder will not be reinsured under this Agreement.