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-Binding Limits. 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 form; 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; and c) For facultative applications submitted to the Reinsurer, the Reinsurer’s liability under a Conditional Receipt or a Temporary Insurance Agreement will begin simultaneously with the Ceding Company’s contractual liability if the Reinsurer’s facultative offer has been accepted or would have been accepted. The Reinsurer’s liability is limited to its share, as shown in Exhibit C-Binding Limits, of amounts accepted within the Ceding Company’s usual cash-with-application procedures for temporary coverage. If the proposed insured dies prior to the completion of the underwriting process, the Reinsurer will continue underwriting the risk to determine if a facultative offer would have been made on the risk. If so, the Reinsurer will accept liability for the risk, subject to the limits specified in the paragraph above. d) The Reinsurer has no liability for facultative applications that the Ceding Company has not submitted to the Reinsurer. e) 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.

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-Binding Limits. 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) a. The Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement form; and b) 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; and c) c. For facultative applications submitted to the Reinsurer, the Reinsurer’s liability under a Conditional Receipt or a Temporary Insurance Agreement will begin simultaneously with the Ceding Company’s contractual liability if the Reinsurer’s facultative offer has been accepted or would have been accepted. The Reinsurer’s liability is limited to its share, as shown in Exhibit C-Binding Limits, of amounts accepted within the Ceding Company’s usual cash-with-application procedures for temporary coverage. If the proposed insured dies prior to the completion of the underwriting process, the Reinsurer will continue underwriting the risk to determine if a facultative offer would have been made on the risk. If so, the Reinsurer will accept liability for the riskrisk in accordance with the Ceding Company’s Facultative Placement Rules, subject to the limits specified in the paragraph above. d) d. The Reinsurer has no liability for facultative applications that the Ceding Company has not submitted to the Reinsurer. e) e. 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.

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-Binding Limits. 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) a. The Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement form; and b) b. The risk is eligible for Automatic reinsurance under this Agreement; or if the Reinsurer has made a Reinsurer’s Facultative offer during the lifetime of the insured and the Ceding Company has been accepted or would have been accepted that offer; and c) For according to normal facultative applications submitted rules as agreed to the Reinsurer, the by both parties. The Reinsurer’s liability under a Conditional Receipt or a Temporary Insurance Agreement will begin simultaneously with the Ceding Company’s contractual liability if the Reinsurer’s facultative offer has been accepted or would have been acceptedliability. The Reinsurer’s liability is limited to its share, as shown in Exhibit C-Binding Limits, of Limits or amounts accepted within the Ceding Company’s usual cash-with-application procedures for temporary coverage. If . c. if the proposed insured dies prior to the completion of the underwriting process, the Reinsurer will continue underwriting the risk to determine if a facultative Facultative offer would have been made on the risk. If so, the Reinsurer will accept liability for the risk, subject to the limits specified in the paragraph aboveExhibit C-Binding Limits. d) d. The Reinsurer has no liability for facultative Facultative applications that the Ceding Company has not submitted to the Reinsurer. e) e. 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.

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-Binding Limits. 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) a. The Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement form; and b) 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; and c) c. The Reinsurer’s liability is limited to its share, as shown in Exhibit C-Binding Limits, of amounts accepted within the Ceding Company’s usual cash-with-application procedures for temporary coverage. d. For facultative applications submitted to the Reinsurer, the Reinsurer’s liability under a Conditional Receipt or a Temporary Insurance Agreement will begin simultaneously with the Ceding Company’s contractual liability if the Reinsurer’s facultative offer has been accepted or would have been accepted. The Reinsurer’s liability is limited to its share, as shown in Exhibit C-Binding Limits, of amounts accepted within the Ceding Company’s usual cash-with-application procedures for temporary coverage. If the proposed insured dies prior to the completion of the underwriting process, the Reinsurer will continue underwriting the risk to determine if a facultative offer would have been made on the risk. If so, the Reinsurer will accept liability for the risk, subject to the limits specified in the paragraph above. d) e. The Reinsurer has no liability for facultative applications that the Ceding Company has not submitted to the Reinsurer. e) f. 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.

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-Binding Limits. 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) a. The Reinsurer has reviewed and approved the Conditional Receipt form or Temporary Insurance Agreement form; and b) 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; and c) c. For facultative applications submitted to the Reinsurer, the Reinsurer’s liability under a Conditional Receipt or a Temporary Insurance Agreement will begin simultaneously with the Ceding Company’s contractual liability if the Reinsurer’s facultative offer has been accepted or would have been accepted. The Reinsurer’s liability is limited to its share, as shown in Exhibit C-Binding Limits, of amounts accepted within the Ceding Company’s usual cash-with-application procedures for temporary coverage. If the proposed insured dies prior to the completion of the underwriting process, the Reinsurer will continue underwriting the risk to determine if a facultative offer would have been made on the risk. If so, the Reinsurer will accept liability for the risk, subject to the limits specified in the paragraph above. d) d. The Reinsurer has no liability for facultative applications that the Ceding Company has not submitted to the Reinsurer. e) e. 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.