AUTOMATIC BINDING LIMITS Clause Samples

AUTOMATIC BINDING LIMITS. A. North American Re's share of automatic coverage shall be equal to: i) Life:

AUTOMATIC BINDING LIMITS. North American Re's share of automatic coverage shall be equal to an amount not exceeding the limits specified in Exhibit G of the Agreement to which this Addendum is attached. AMENDMENT NO. III To the Reinsurance Agreement Between THE LIFE INSURANCE COMPANY OF VIRGINIA And NORTH AMERICAN REASSURANCE COMPANY Except as hereinafter specified, all terms and conditions of the Reinsurance Agreement effective the 1st day of June, 1984, amendments and addenda attached thereto, shall apply, and this Amendment is to be attached to and made a part of the aforesaid Agreement. It is mutually agreed that effective the 1st day of January, 1992, ARTICLE XIX, DAC Tax, as follows, is added to the Agreement:

AUTOMATIC BINDING LIMITS. For any policy to be reinsured under automatic reinsurance, the amounts reinsured with THE REINSURER on that life will not exceed the amounts in the following tables:

AUTOMATIC BINDING LIMITS. Life ----------------------------------------------------------------------- Issue Age Standard - Table D Table E - H Table I - P ----------------------------------------------------------------------- [ages] [dollar amount] [dollar amount] [dollar amount] ----------------------------------------------------------------------- [ages] [dollar amount] [dollar amount] [dollar amount] ----------------------------------------------------------------------- [ages] [dollar amount] [dollar amount] [dollar amount] ----------------------------------------------------------------------- The Ceding Company may not cede reinsurance automatically if the sum of all amounts in force and applied for on the same life with the Ceding Company, excluding amounts being internally replaced, exceeds the above Automatic Binding Limits. These Automatic Binding Limits include any amounts within the Ceding Company's retention. Increased policy amounts elected under the terms of the Automatic Increasing Benefit Rider will not be taken into account for automatic and jumbo limits, provided that the total of all increases to the Specified Amount of a single policy cannot exceed [dollar amount]. If an applicant has existing joint life coverage inforce with Ceding Company, the full face amount of the joint life policy will be included in the total inforce risk on the life for the purposes of the application of automatic and jumbo limits. (1) notify the Reinsurer's Chief Underwriter or designate of the applicant's name, date of birth, sport and team affiliation, total insurance in-force and to be placed, and face amount required from the Reinsurer; and (2) confirm that the risk has completed an application for insurance. The Reinsurer shall inform the Ceding Company in writing of its available capacity for the risk within two business days. After the Reinsurer has advised its available capacity, the Ceding Company may cede no more than that amount on an automatic basis.

AUTOMATIC BINDING LIMITS. A. North American Re's share of automatic coverage shall be equal to: i) Life Issue Standard Table 5 - Ages Table 4 Table 16 ----- -------- --------- 0-70 $900,000 $600,000 71-75 $450,000 $450,000 ii) Waiver of Premium: Same as Life

AUTOMATIC BINDING LIMITS. North American Re's share of automatic coverage shall be equal to:

AUTOMATIC BINDING LIMITS a. Life For the purpose of determining the Automatic Binding Limit a $2.50 per 1,000 temporary or permanent flat extra rating will be considered one table in determining the limits as shown below. -------------------- ------------------------------- ---------------------------- --------------------------- Issue (Pool) Maximum* Total Auto Age Rating Binding Limit Face Limit -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 0-65 Standard - Table 2 $20,000,000 $22,000,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 0-65 Table 3 - Table 8 $10,000,000 $11,000,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 0-65 Table 9 - Table 16 $5,000,000 $5,500,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 66-75 Standard - Table 2 $7,000,000 $7,700,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 66-75 Table 3 - Table 8 $3,500,000 $3,850,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 66-75 Table 9 - Table 16 $1,750,000 $1,925,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 76-85 Standard - Table 2 $3,500,000 $3,850,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 76-85 Table 3 - Table 16 $1,750,000 ...

AUTOMATIC BINDING LIMITS. Life -------------------------------------------- Oldest Issue Age Maximum Pool Autobind -------------------------------------------- [ages] [dollar amount] -------------------------------------------- [ages] [dollar amount] -------------------------------------------- [ages] [dollar amount] -------------------------------------------- [ages] [dollar amount] -------------------------------------------- EXHIBIT B Page 2 (Revised January 1, 2005) The Ceding Company may not cede reinsurance automatically if the sum of all amounts in force and applied for on the joint lives with the Ceding Company, excluding amounts being internally replaced, exceed the above Automatic Binding Limits. The above automatic binding limits are also subject to the Ceding Company's age and insurability procedures for the Succession Select product, as outlined in subsection B.7 of this Exhibit.

AUTOMATIC BINDING LIMITS a. Life For the purpose of determining the Automatic Binding Limit a $2.50 per 1,000 temporary or permanent Flat Extra rating will be considered one table in determining the limits as shown below. IssueAges Pool MaximumStandard - Table 4 Pool MaximumTables 5 - 6 Pool MaximumTables 7 - 16 IssueAges Pool MaximumStandard - Table 4 Pool MaximumTables 5 - 6 Pool MaximumTables 7 - 16 The pool maximum Automatic Binding amounts above excludes the Ceding Company’s Retention per insured. b. Professional Athletes will not be covered on an Automatic basis.