Common use of PRE-ISSUE COVERAGE Clause in Contracts

PRE-ISSUE COVERAGE. The Reinsurer will not be liable for benefits paid under the Ceding Company's conditional receipt or temporary insurance agreement unless all the conditions for automatic reinsurance coverage under Section 3 of this Agreement are met. The Reinsurer's liability under the Ceding Company's conditional receipt or temporary insurance agreement is limited to the lesser of i. or ii. below: i. The Automatic Acceptance Limits with the Reinsurer as shown in Schedule A. ii. The amount for which the Ceding Company is liable less its retention shown in Schedule A, less any amount of reinsurance with other reinsurers. The pre-issue liability applies only once on any given life no matter how many receipts were issued or initial premiums were accepted by the Ceding Company. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.

PRE-ISSUE COVERAGE. The Reinsurer will not be liable for benefits paid under the Ceding Company's conditional receipt or temporary insurance agreement unless all the conditions for automatic reinsurance coverage under Section 3 of this Agreement are met. The Reinsurer's liability under the Ceding Company's conditional receipt or temporary insurance agreement is limited to the lesser of i. or Or ii. belowBelow: i. The Automatic Acceptance Limits with the Reinsurer Reinsurer, as shown in Schedule A. ii. The amount for which the Ceding Company is liable less its retention shown in Schedule A, less any amount of reinsurance with other reinsurers. The pre-issue liability applies only once on any given life no matter regardless of how many receipts were issued or initial premiums were accepted by the Ceding Company. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.

PRE-ISSUE COVERAGE. The Reinsurer will not be liable for benefits paid under the Ceding Company's conditional receipt or temporary insurance agreement unless all the conditions for automatic reinsurance coverage under Section 3 of this Agreement are met. The Reinsurer's liability under the Ceding Company's conditional receipt or temporary insurance agreement is limited to the lesser of i. or ii. below: i. The Automatic Acceptance Limits with the Reinsurer as shown in Schedule A. ii. The amount for which the Ceding Company is liable liable, less its retention shown in Schedule A, less any amount of reinsurance with other reinsurers. The pre-issue liability applies only once on any given life no matter regardless of how many receipts were issued or initial premiums were accepted by the Ceding Company. After a policy has been issued, no reinsurance benefits are payable under this pre-issue preissue coverage provision.