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. -------------------- ------------------------------- ---------------------------- --------------------------- 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 $1,925,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 86-90 Standard - Table 16 $0 $0 -------------------- ------------------------------- ---------------------------- --------------------------- *The (pool) maximum Automatic Binding amounts above exclude the Ceding Company's retention per insured.

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 ISSUE (PoolPOOL) MaximumMAXIMUM* Total Auto Age Rating Binding Limit Face Limit 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 $1,925,000 -------------------- ------------------------------- ---------------------------- --------------------------- -------------------- ------------------------------- ---------------------------- --------------------------- 86-90 Standard - Table 16 $0 $0 -------------------- ------------------------------- ---------------------------- --------------------------- *The (pool) maximum Automatic Binding amounts above exclude the Ceding Company's retention per insured.