Automatic Acceptance Limit definition

Automatic Acceptance Limit has the meaning assigned to such term in Exhibit E-II.
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Automatic Acceptance Limit or “AAL” means the “automatic acceptance limit” specified in the relevant Participation Certificate.
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Automatic Acceptance Limit means the amount for the time being specified by the Insurer under clause 6 such amount at the Commencing Date being $96,000 for Category A staff and NIL for Category B staff.
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Examples of Automatic Acceptance Limit in a sentence

  • For any policy to be reinsured under automatic reinsurance, the face amount shall not exceed the Automatic Acceptance Limit as shown in Schedule A.

  • Reinsurance on increases will not exceed the Automatic Acceptance Limit and Jumbo Limits in Schedule A.

  • The Reinsurer’s or facultative underwriting Designee’s approval is required if the original Policy was reinsured on a Facultative Reinsurance basis, or if the new amount of coverage causes the Reinsured Amount on the insured’s life to exceed either the Automatic Acceptance Limit or the Jumbo Limits as specified in Schedule C, “Reinsurance Limits”.

  • When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting AUSA by facsimile.

  • For policies issued under Phoenix Life and Annuity Company, we will retain 10% and cede 90% of each risk on a first dollar quota share basis, for each risk not submitted on a facultative basis, up to the Automatic Acceptance Limit shown in Section III below, on Death Benefits on Phoenix Executive Series - 10 (PES-10) policies that we issue directly.

  • The Conditional Receipt Automatic Acceptance Limit as shown in Schedule D.

  • There currently exist no restrictions, deficiencies, required plans of correction or other such remedial measures with respect to any Health Care Permit of the Borrower or any of its Subsidiaries, or the participation by the Borrower or any of its Subsidiaries in any Third Party Payor Program that could reasonably be expected to have, in the aggregate, a Material Adverse Effect.

  • For policies issued under Phoenix Home Life Mutual Insurance Company, we will retain 20% and cede 80% of each risk on a first dollar quota share basis, for each risk not submitted on a facultative basis, up to the Automatic Acceptance Limit shown in Section III below, on Death Benefits on Phoenix Executive Series - 10 (PES-10) policies that we issue directly.

  • The Reinsurer’s or facultative underwriting Designee’s approval is required if the original Policy was reinsured on a facultative basis, or if the new amount of coverage causes the Reinsured Amount on the insured’s life to exceed either the Automatic Acceptance Limit or the Automatic In Force and Applied For Limits (aka Jumbo or Participation Limits) as specified in Schedule B.

  • When a policy does not qualify for automatic reinsurance because (1) the Automatic Acceptance Limit is exceeded, (2) the Jumbo Limit is exceeded or (3) the applicant is employed in an occupation included in the Occupation Exclusion List in Schedule A, PRUCO may make a request to reserve capacity through facultative obligatory reinsurance by contacting ANNUITY & LIFE RE by telephone.

Related to Automatic Acceptance Limit

  • Automatic Renewal Terms with TIPS Members Certification Regarding "Indemnity" Terms with TIPS Members Certification Regarding "Arbitration" Terms with TIPS Members

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • ▇▇▇▇ Acceptance Form means the “Acceptance Form for End User License Agreement (for SAP On Premise indirect sales)” which will be provided by SAP on a deal by deal basis.

  • Order Acceptance has the meaning given in clause 1.2.

  • Final Acceptance Date the date upon which the City confirms that all Services and Work Products have been completed and tested and function in accordance with the terms of the Contract.