Changes to Business Reinsured Clause Samples

The "Changes to Business Reinsured" clause defines how modifications to the underlying insurance policies or business covered by the reinsurance agreement are handled. It typically outlines the process for notifying the reinsurer of any significant changes, such as alterations in coverage terms, policy limits, or the types of risks insured. This clause ensures that both parties are aware of and agree to any material changes, thereby maintaining transparency and allowing the reinsurer to assess and manage their risk exposure appropriately.
Changes to Business Reinsured. Conversions In the event of the conversion of a policy reinsured under this Agreement, the policy arising from the conversion, including conversions to plans not listed in Exhibit A shall be reinsured with the Reinsurer whether such policy arising from the conversion is issued by the Company or any of its affiliate companies. The premium rates outlined in Exhibits B, C and D shall be applied to the converted policy on a point-in-scale basis. Conversions with Increases
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Changes to Business Reinsured. Any reference to a converting policy shall pertain to the “STERM” plan, listed in Exhibit A or any other plan that provides for contractual conversion that may be reinsured under this Agreement in the future.
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Changes to Business Reinsured. Conversions In the event of the conversion of a policy reinsured under this Agreement, the policy arising from the conversion, including conversions to plans not listed in Exhibit A, shall be reinsured with the Reinsurer whether such policy arising from the conversion is issued by the Company or any of its affiliate companies. To calculate reinsurance premiums for off-anniversary conversions, the duration of the converted policy shall be rounded to the nearest number based on the issue date of the original policy. The premium rates outlined in Exhibits B, C and D shall be applied to the converted policy on a point-in-scale basis. Conversions with Increases
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Changes to Business Reinsured 
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