Common use of Residency Requirements Clause in Contracts

Residency Requirements. The individual risk must be a Untied States or Canadian resident or citizen. An insured that resides for more than six months per year in the United States, including Puerto Rico, US Virgin Islands and Guam will be considered a U.S. resident. An insured that holds permanent resident status in Canada will be considered a Canadian resident.

Appears in 2 contracts

Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account N), Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

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Residency Requirements. The individual risk must be a Untied United States or Canadian resident or citizen. An insured that resides for more than six months per year in the United States, including Puerto Rico, US Virgin Islands and Guam will be considered a U.S. resident. An insured that holds permanent resident status in Canada will be considered a Canadian resident. Limited international risks will be accepted on a facultative basis only.

Appears in 1 contract

Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account N)

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Residency Requirements. The individual risk must be a Untied States or Canadian resident or citizen. An insured that resides for more than six months per year in the United States, including Puerto Rico, US Virgin Islands and Guam will be considered a U.S. resident. An insured that holds permanent resident status in Canada will be considered a Canadian resident. Limited international risks will be accepted on a facultative basis only.

Appears in 1 contract

Samples: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

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