Common use of CLAIMS REQUIREMENTS Clause in Contracts

CLAIMS REQUIREMENTS. For (i) all non-contestable claims whether facultative or automatic and (ii) all contestable claims covered by automatic reinsurance with a total death benefit less than or equal to [dollar amount], the Ceding Company will review and settle such claims without prior approval from or consultation with the Reinsurer.

CLAIMS REQUIREMENTS. For (i) all non-contestable claims whether facultative or automatic and (ii) all contestable claims covered by automatic reinsurance with a total death benefit less than or equal to [dollar amount], the Ceding Company will review and settle such claims without prior approval from or consultation with the Reinsurer.