Common use of Allocated Retention Pool Clause in Contracts

Allocated Retention Pool. Effective 10/1/2008 Between HLIC and Swiss Re If the Reinsurer discovers that the Ceding Company's claim practices and procedures in effect at the time of the submission of a claim differ materially and adversely from those in effect at the Effective Date of this Agreement and from industry standards at the time of the claim, then, in addition to any other remedies available to the Reinsurer under this Agreement, the Reinsurer may, by written amendment to this Agreement as described in Section I.B, seek to adjust the threshold amount specified above in Paragraph a.

Allocated Retention Pool. Effective 10/1/2008 Between HLIC ILA and Swiss Re If the Reinsurer discovers that the Ceding Company's claim practices and procedures in effect at the time of the submission of a claim differ materially and adversely from those in effect at the Effective Date of this Agreement and from industry standards at the time of the claim, then, in addition to any other remedies available to the Reinsurer under this Agreement, the Reinsurer may, by written amendment to this Agreement as described in Section I.B, seek to adjust the threshold amount specified above in Paragraph a.