REDUCTION PROCEDURE. The Ceding Company must first reduce the reinsurance of the particular policy that has the same mortality rating as the terminated insurance. If further reduction is required, the reinsurance to be terminated or reduced shall be effected in the inverse order in which the particular policy was first reinsured.
Appears in 3 contracts
Sources: Reinsurance Agreement (Jnlny Separate Account Iv), Reinsurance Agreement (Jackson National Separate Account Iv), Yrt Agreement (Sentry Variable Life Account I)