Common use of REDUCTION OR TERMINATION Clause in Contracts

REDUCTION OR TERMINATION. If the amount of insurance on a reinsured policy is reduced, the reinsurance will be reduced proportionately as of the effective date of the reduction. If a reinsured policy is terminated, the reinsurance will cease on the date of such termination.

Appears in 57 contracts

Samples: Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account), Automatic and Facultative (Pruco Life Variable Universal Account)

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REDUCTION OR TERMINATION. If the amount of insurance on a reinsured policy is reduced, the reinsurance will be reduced proportionately as of the effective date of the reduction. If a reinsured policy is terminated, the reinsurance will cease on the date of such termination.. Y-UL/VULII-2000-MARC-PLNJ-8

Appears in 2 contracts

Samples: Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account), Automatic and Facultative (Pruco Life of New Jersey Variable Appreciable Account)

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REDUCTION OR TERMINATION. If the amount of insurance on a reinsured policy is reduced, the reinsurance will be reduced proportionately as of the effective date of the reduction. If a reinsured policy is terminated, the reinsurance will cease on the date of such termination.. Y-UL/VULII-2000-MARC-PLAZ-8

Appears in 2 contracts

Samples: Automatic and Facultative (Pruco Life Variable Universal Account), Automatic and Facultative (Pruco Life Variable Universal Account)

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