MINIMUM CESSION. The Company will not cede a policy to the Reinsurer unless the amount to be reinsured at issue exceeds the Initial Minimum Cession amount shown in Exhibit C. Reinsurance will be cancelled on any policy when its reinsured net amount at risk falls below the Trivial Amount limit shown in Exhibit C.
Appears in 6 contracts
Sources: Reinsurance Agreement (Penn Mutual Variable Life Account I), Automatic Coinsurance Agreement (Vericity, Inc.), Reinsurance Agreement (COLI VUL-4 Series Account of First Great-West Life & Annuity Insurance CO)
MINIMUM CESSION. The Ceding Company will not cede a policy Policy to the Reinsurer unless the amount to be reinsured at issue exceeds the Minimum Initial Minimum Cession amount shown in Exhibit C. Reinsurance will be cancelled on any policy when its reinsured net amount at risk falls below the Trivial Amount limit shown in Exhibit C.Amount.
Appears in 5 contracts
Sources: Automatic and Facultative Yrt Reinsurance Agreement (C M Life Variable Life Separate Account I), Automatic and Facultative Yrt Reinsurance Agreement (C M Life Variable Life Separate Account I), Automatic Quota Share, Facultative and Automatic Excess Yrt Reinsurance Agreement (Massachusetts Mutual Variable Life Separate Account I)
MINIMUM CESSION. The Ceding Company will not cede a policy Policy to the Reinsurer unless the amount to be reinsured at issue exceeds the Minimum Initial Minimum Cession amount Amount shown in Exhibit C. Reinsurance will be cancelled on any policy when its reinsured net amount at risk falls below the Trivial Amount limit shown in Exhibit C.B [ ].
Appears in 1 contract
Sources: Automatic and Facultative Yrt Reinsurance Agreement (C M Life Variable Life Separate Account I)
MINIMUM CESSION. The Company will not cede a policy to the Reinsurer unless the amount to be reinsured at issue exceeds the Initial Minimum Cession amount shown in Exhibit C. Reinsurance will be cancelled on any policy when its reinsured net amount at risk falls below the Trivial Amount limit shown in Exhibit C.
Appears in 1 contract
Sources: Reinsurance Agreement (Nationwide VL Separate Account-G)
MINIMUM CESSION. The Ceding Company will not cede a policy Policy to the Reinsurer unless the amount to be reinsured at issue exceeds the Minimum Initial Minimum Cession amount Amount shown in Exhibit C. Reinsurance will be cancelled on any policy when its reinsured net amount at risk falls below the Trivial Amount limit shown in Exhibit C.B, section B.4.
Appears in 1 contract
Sources: Reinsurance Agreement (Massachusetts Mutual Variable Life Separate Account I)