Common use of AUTOMATIC BINDING LIMITS Clause in Contracts

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.