Basis of Recapture. If you increase the retention limits or your pool percentage shown in Exhibit A, you may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if: a) You have maintained the stated pool percentage limit shown in Exhibit A. Policies on which you retained less than your pool percentage will not be eligible for recapture. b) The policy has been in force under this Agreement for the Recapture Period shown in Exhibit B. The recapture period will always be measured from the original policy issue date. For converted policies the recapture period will be measured from the issue date of the original policy.
Appears in 5 contracts
Samples: Automatic Reinsurance Agreement (Variable Account II of AGL of Delaware), Automatic Reinsurance Agreement (Agl Separate Account Vl-R), Automatic Reinsurance Agreement (Usl Separate Account Usl Vl-R)
Basis of Recapture. If you increase the retention limits or your pool percentage shown in Exhibit A, you may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if:
a) You have maintained the stated pool percentage retention limit shown in Exhibit A. Policies on which you retained less than your pool percentage retention limit will not be eligible for recapture.
b) The policy has been in force under this Agreement for the Recapture Period shown in Exhibit B. The recapture period will always be measured from the original policy issue date. For converted policies the recapture period will be measured from the issue date of the original policy.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Usl Separate Account Usl Vl-R)
