Common use of FORMAL CESSION Clause in Contracts

FORMAL CESSION. 1. Promptly after your liability for insurance has begun on the individual risk, you must send to us a "Formal Reinsurance Cession", Exhibit II. Based upon the information on the "Formal Reinsurance Cession", we will prepare and send you a "Reinsurance Cession Card", Exhibit II. 2. When reinsurance is reduced or changed, you must send us an amended "Formal Reinsurance Cession".

Appears in 3 contracts

Sources: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)