Common use of CONVERSIONS AND EXCHANGES Clause in Contracts

CONVERSIONS AND EXCHANGES. If a policy reinsured under any of the agreement or any other agreement with the reinsurer, is converted or exchanged without new evidence of insurability, the new policy will be automatically reinsured.

Appears in 2 contracts

Sources: Reinsurance Agreement, Reinsurance Agreement (Pacific Select Exec Separate Acct Pacific Life Ins)