AUTOMATIC REINSURANCE TERMS. THE REINSURER agrees to automatically accept contractual risks on the life insurance policies shown in Schedule A, subject to the following requirements: CONVENTIONAL UNDERWRITING. Automatic reinsurance applies only to insurance applications underwritten by THE COMPANY according to THE COMPANY’s conventional underwriting and issue practices. For fully underwritten policies, the underwriting requirements will be based on the ultimate face amount. Upon request, THE COMPANY shall provide THE REINSURER with a complete copy of THE COMPANY’s current underwriting and issue practices and guidelines. In addition, THE COMPANY will inform THE REINSURER in writing of any proposed changes to THE COMPANY’s conventional underwriting and issue practices.
Appears in 2 contracts
Sources: Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)