AUTOMATIC ACCEPTANCE LIMIT. For any policy to be reinsured under automatic reinsurance, the maximum face amount will not exceed $65 million. Automatic Issue Limits may vary based on issue age and substandard rating.
Appears in 2 contracts
Sources: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)