Common use of Subsequent Minimum Clause in Contracts

Subsequent Minimum. If the subsequent amount of life reinsurance net amount at risk falls below the minimum amount stated in Schedule A on any policy, as of that date all of the life reinsurance on that policy shall terminate.

Appears in 12 contracts

Sources: Assignment, Transfer and Novation Agreement (Ameritas Variable Separate Account V), Coinsurance Agreement (Kansas City Life Insurance Co), Coinsurance Agreement (Cuna Mutual Variable Life Insurance Account)

Subsequent Minimum. If the subsequent amount of life reinsurance net amount at risk falls below the minimum amount stated in Schedule A on any policy, as of that date all of the life reinsurance provided by this Agreement on that policy shall terminate.

Appears in 2 contracts

Sources: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Ameritas Variable Separate Account V)