REDUCTION OR TERMINATION. If the amount of insurance on a reinsured policy is reduced, the reinsurance will be reduced proportionately as of the effective date of the reduction. If a reinsured policy is terminated, the reinsurance will cease on the date of such termination.
Appears in 57 contracts
Sources: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)
REDUCTION OR TERMINATION. If the amount of insurance on a reinsured policy is reduced, the reinsurance will be reduced proportionately as of the effective date of the reduction. If a reinsured policy is terminated, the reinsurance will cease on the date of such termination.. Y-UL/VULII-2000-MARC-PLNJ-8
Appears in 2 contracts
Sources: Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)
REDUCTION OR TERMINATION. If the amount of insurance on a reinsured policy is reduced, the reinsurance will be reduced proportionately as of the effective date of the reduction. If a reinsured policy is terminated, the reinsurance will cease on the date of such termination.. Y-UL/VULII-2000-MARC-PLAZ-8
Appears in 2 contracts
Sources: Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account), Yearly Renewable Term Reinsurance Agreement (Pruco Life Variable Universal Account)
REDUCTION OR TERMINATION. If the amount of life insurance on a reinsured policy is reducedreduced or terminated, the then reinsurance will be reduced proportionately as of on the effective same date of the reduction. If a reinsured policy is terminated, the reinsurance will cease on the date of such terminationthis change.
Appears in 1 contract
Sources: Reinsurance Agreement (National Variable Life Insurance Account)