Common use of Reinsured Policies Clause in Contracts

Reinsured Policies. Beginning on October 6, 2008 (the "Coverage Commencement Date") and continuing until this Agreement is terminated, the Ceding Company will automatically cede to Generali USA and Generali USA will reinsure the specified portion of the life insurance risk as set forth on Schedule A entitled "Basis of Risk"; arising under the insurance policies, riders and supplementary benefits listed in Schedule A (the "Underlying Policies"), up to the "Automatic Binding Limits" shown in Schedule A, provided that the following conditions and limitations are met. Such policies meeting all of these requirements being the "Reinsured Policies".