Common use of REQUIREMENTS FOR FACULTATIVE REINSURANCE Clause in Contracts

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance on an individual life are not met, or are met but Cedent prefers to apply for facultative reinsurance, then Cedent may apply to Reinsurer for facultative reinsurance. In order to apply for facultative reinsurance, Cedent must submit to Reinsurer complete copies of the original application, medical examiner's reports, inspection reports, attending physicians' statements plus any other papers or information that may have a bearing on the insurability of the risk.

Appears in 8 contracts

Samples: Automatic (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I), Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I), Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)

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REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance on an individual life are not met, or are met but Cedent prefers you prefer to apply for facultative reinsurance, then Cedent you may apply to Reinsurer us for facultative reinsurance. In order to apply for facultative reinsurance, Cedent you must submit to Reinsurer us complete copies of the original application, medical examiner's reports, inspection reports, attending physicians' statements plus any other papers or information that may have a bearing on the insurability of the risk.

Appears in 1 contract

Samples: Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)

REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance on an individual life are not met, or are met but Cedent prefers to apply for facultative reinsurance, then Cedent may apply to Reinsurer for facultative reinsurance. In order to To apply for facultative reinsurance, Cedent must submit to Reinsurer complete copies of the original application, medical examiner's ’s reports, inspection reports, attending physicians' ’ statements plus any other papers or information that may have a bearing on the insurability of the risk.

Appears in 1 contract

Samples: Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)

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REQUIREMENTS FOR FACULTATIVE REINSURANCE. 1. If the requirements for automatic reinsurance on an individual life are not met, or are met but Cedent prefers to apply for facultative reinsurance, then Cedent may apply to Reinsurer for facultative reinsurance. In order to apply for facultative reinsurance, Cedent must submit to Reinsurer complete copies of the original application, medical examiner's reports, inspection reports, attending physicians' statements plus any other papers or information Information that may have a bearing on the insurability of the risk.

Appears in 1 contract

Samples: Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)

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