Risk Classification Changes. For automatic Risks, the Ceding Company may reduce the rating classification or change the tobacco classification in accordance with the Ceding Company underwriting guidelines. The Ceding Company will notify the Reinsurer of this change. For Facultative Risks, the Ceding Company will submit the rating classified changes and tobacco class changes under the Facultative provisions in Article 3.
Appears in 4 contracts
Samples: Ceding Company Agreement (Minnesota Life Individual Variable Universal Life Account), Automatic/Facultative (Minnesota Life Individual Variable Universal Life Account), Automatic/Facultative (Minnesota Life Individual Variable Universal Life Account)
Risk Classification Changes. For automatic Risks, the Ceding Company may reduce the rating classification or change the tobacco classification in accordance with the Ceding Company underwriting guidelines. The Ceding Company will notify the Reinsurer of this change. For Facultative Risks, the Ceding Company will submit the rating classified changes and tobacco class changes under to the Facultative provisions in Article 3Reinsurer for its approval.
Appears in 1 contract
Samples: Facultative Yrt (Minnesota Life Individual Variable Universal Life Account)
