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Common use of Facultative Cessions Clause in Contracts

Facultative Cessions. Any increase in amount shall be subject to the Reinsurer’s approval. Premium rates shall be applied to the converted policy on a point-in-scale basis.

Appears in 2 contracts

Sources: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

Related Clauses

  • Standard Hazard and Flood Insurance Policies
  • Standard Hazard Insurance and Flood Insurance Policies
  • Compliance with Child, Family and Spousal Support Reporting Obligations
  • Hazard Insurance
  • Procurement from UN Agencies

Parent Clauses

  • CHANGES TO BUSINESS REINSURED
  • Plan Changes
  • Increase in Amount and Underwriting Reclassification
  • Conversions With Increases
  • General Provisions

Sub-Clauses

  • RESIDENCY REQUIREMENTS
  • RATE GUARANTEE
  • OTHER TAXES
  • Simplified
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