AUTOMATIC RETENTION LIMIT. THE COMPANY will retain at least 10% of the net amount at risk related to the face amount of insurance of each policy in the First Layer of Coverage, as defined in Schedule A, Section 4B. THE COMPANY may cede up to 80% of the net amount at risk related to the face amount of insurance of each policy on a first-dollar quota share basis to other reinsurers. In addition, THE COMPANY will retain 100% of the net amount at risk related to the face amount of insurance of each policy, in excess of the First Layer of Coverage.
Appears in 4 contracts
Samples: Reinsurance Agreement (Pruco Life Variable Universal Account), Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)
