Common use of Risk Classification Changes Clause in Contracts

Risk Classification Changes. If the policyholder requests a table rating reduction, removal of a flat extra, or change in smoking status, such change will be underwritten according to the Ceding Company's normal underwriting practices. Risk classification changes on facultative policies will be subject to the Reinsurer's approval.

Appears in 9 contracts

Samples: Automatic Yrt (Ids Life Variable Life Separate Account), Automatic Yrt (Ids Life of New York Account 8), Automatic Yrt (Ids Life of New York Account 8)

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Risk Classification Changes. If the a policyholder requests a table rating reduction, Table Rating reduction or removal of a flat extra, or change in smoking statusFlat Extra, such change will be underwritten according to the Ceding Company's normal underwriting practices. Underwriting Guidelines as set forth in Exhibit I. Risk classification changes on facultative policies will be subject to the Reinsurer's approval.

Appears in 4 contracts

Samples: Coinsurance Agreement (Cuna Mutual Variable Life Insurance Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Jackson National Separate Account Iv), Automatic and Facultative (Jnlny Separate Account Iv)

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