Common use of CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT Clause in Contracts

CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer's share of amounts within the Conditional Receipt or Temporary Insurance Agreement specified in Exhibit C. Reinsurance coverage is limited to one Conditional Receipt or Temporary Insurance Agreement per application on a life regardless of how many receipts are issued or initial premiums are accepted by the Ceding Company. The Reinsurer will accept liability provided that: a. the Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement; and b. the risk is eligible for Automatic reinsurance under this Agreement; or the Reinsurer has made a Facultative offer during the lifetime of the insured and the Ceding Company would have accepted that offer based on the allocation rules for placement of Facultative cases in Exhibit H; and c. the Ceding Company, its agents, or representatives have followed its normal cash- with-application procedures for such coverage. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.

Appears in 2 contracts

Sources: Reinsurance Agreement (Ameritas Variable Separate Account V), Reinsurance Agreement (Ameritas Life Insurance Corp Separate Account LLVL)

CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer's ’s share of amounts within the Conditional Receipt or Temporary Insurance Agreement specified in Exhibit C. Reinsurance coverage is limited to one Conditional Receipt or Temporary Insurance Agreement per application on a life regardless of how many receipts are issued or initial premiums are accepted by the Ceding Company. The Reinsurer will accept liability provided that: a. the Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement; and b. the risk is eligible for Automatic reinsurance under this Agreement; or the Reinsurer has made a Facultative offer during the lifetime of the insured and the Ceding Company would have accepted that offer based on the allocation rules for placement of Facultative cases in Exhibit H; and c. the Ceding Company, its agents, or representatives have followed its normal cash- cash-with-application procedures for such coverage. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.. (460, C01) 1▇▇▇▇-▇▇-▇▇ 9 12/14/2017

Appears in 1 contract

Sources: Reinsurance Agreement (Penn Mutual Variable Life Account I)

CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer's ’s share of amounts within the Conditional Receipt or Temporary Insurance Agreement specified in Exhibit C. Reinsurance coverage is limited to one Conditional Receipt or Temporary Insurance Agreement per application on a life regardless of how many receipts are issued or initial premiums are accepted by the Ceding Company. The Reinsurer will accept liability provided that: a. the Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement; and b. the risk is eligible for Automatic reinsurance under this Agreement; or the Reinsurer has made a Facultative offer during the lifetime of the insured and the Ceding Company would have accepted that offer based on the allocation rules for placement of Facultative cases in Exhibit H; and c. the Ceding Company, its agents, or representatives have followed its normal cash- cash-with-application procedures for such coverage. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.

Appears in 1 contract

Sources: Reinsurance Agreement (Thrivent Variable Life Account I)

CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer's ’s share of amounts within the Conditional Receipt or Temporary Insurance Agreement specified in Exhibit C. Reinsurance coverage is limited to one Conditional Receipt or Temporary Insurance Agreement per application on a life regardless of how many receipts are issued or initial premiums are accepted by the Ceding Company. The Reinsurer will accept liability provided that: a. the Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement; and b. the risk is eligible for Automatic reinsurance under this Agreement; or the Reinsurer has made a Facultative offer during the lifetime of the insured and the Ceding Company would have accepted that offer based on the allocation rules for placement of Facultative cases in Exhibit H; and c. the Ceding Company, its agents, or representatives have followed its normal cash- cash-with-application procedures for such coverage. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.. (R14) ▇▇▇▇▇-▇▇-▇▇ Final 9 3/12/2017

Appears in 1 contract

Sources: Reinsurance Agreement (Allstate Assurance Co Variable Life Separate Account)

CONDITIONAL RECEIPT OR TEMPORARY INSURANCE AGREEMENT. Reinsurance coverage under a Conditional Receipt or Temporary Insurance Agreement is limited to the Reinsurer's ’s share of amounts within the Conditional Receipt or Temporary Insurance Agreement specified in Exhibit C. Reinsurance coverage is limited to one Conditional Receipt or Temporary Insurance Agreement per application on a life regardless of how many receipts are issued or initial premiums are accepted by the Ceding Company. The Reinsurer will accept liability provided that: a. the Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement; and b. the risk is eligible for Automatic reinsurance under this Agreement; or the Reinsurer has made a Facultative offer during the lifetime of the insured and the Ceding Company would have accepted that offer based on the allocation rules for placement of Facultative cases in Exhibit H; and c. the Ceding Company, its agents, or representatives have followed its normal cash- cash-with-application procedures for such coverage. After a policy has been issued, no reinsurance benefits are payable under this pre-issue coverage provision.. (B17) ▇▇▇▇▇-▇▇-▇▇ Final 9 3/12/2017

Appears in 1 contract

Sources: Reinsurance Agreement (Allstate Life of N Y Var Life Sep Acct A)