Common use of CONVERSIONS, EXCHANGES AND REPLACEMENTS Clause in Contracts

CONVERSIONS, EXCHANGES AND REPLACEMENTS. The Reinsurer will continue to reinsure the Risk resulting from the Contractual or Non-contractual Conversion of any coverage reinsured under this Agreement, in an amount not to exceed the original amount reinsured. Contractual or Non-contractual Conversions will continue to be reinsured under this Agreement on a YRT basis following the parameters as outlined in Exhibit D-Reinsurance Premiums. Reinsurance Premiums and any allowances for conversions will be on a point in scale basis from the original issue date.

CONVERSIONS, EXCHANGES AND REPLACEMENTS. The Reinsurer will continue to reinsure the Risk resulting from the Contractual or Non-contractual Noncontractual Conversion of any coverage reinsured under this Agreement, in an amount not to exceed the original amount reinsured. Contractual or Non-contractual Noncontractual Conversions will continue to be reinsured under this Agreement on a YRT basis following the parameters as outlined in Exhibit D-Reinsurance Premiums. Rate Schedule I. Reinsurance Premiums and any allowances for conversions will be on a point in scale basis from the original issue date.