Reinsurance of life insurance at the same rate of premium and subject to the same conditions as those of the ceding office. The reinsurer is liable for a proportion of the original policy throughout its duration. In the event of surrender or alteration of the original policy, the reinsurer follows the practice of the ceding office and the conditions of the underlying policy. The reinsurer also follows the rate of bonus declared by the cedant under with profits policy.

A claims series clause term. The meaning has been interpreted in a number of ways but where a series of individual claims are unified by a common cause, that cause may be regarded as the originating cause. An insured may seek to rely on this provision to reduce the deductibles payable and reach the minimum level at which the insurers’ obligation to pay commences. A primary layer insurer may seek to aggregate multiple claims to limit its exposure to its retention level. A financial institution mis-sold pensions but was not allowed by the House of Lords to treat the poor training of their representatives as the common cause and could not therefore aggregate the losses to breach the £1m deductible. The poor training was background only; the real cause of the 22,000 losses (maximum was £35,000) was the failure of the representative to give best advice to each claimant individually.