Basis of Recapture. If we increase the retention limits shown in Exhibit A, we may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if: a) we have maintained the maximum retention limit for the age and mortality rating of the insured when the underlying policy was issued. Policies on which we retained a reduced retention or no retention will not be eligible for recapture. b) the policy has been in force under this Agreement for the Recapture Period shown in Exhibit C, Section IX. The recapture period will always be measured from the original policy issue date.
Appears in 3 contracts
Samples: Pool Reinsurance Agreement (Nassau Life Variable Universal Life Account), Pool Reinsurance Agreement (Nassau Life Variable Accumulation Account), Pool Reinsurance Agreement (PHL Variable Accumulation Account)
Basis of Recapture. If we increase the retention limits our quota share percentage shown in Exhibit A, we may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if:
a) we have maintained the maximum retention stated quota share percentage limit for the age and mortality rating of the insured when the underlying policy was issued. shown in Exhibit A. Policies on which we retained a reduced retention or no retention less than our quota share percentage will not be eligible for recapture.recapture unless we are partially or fully retained on the insured life in a prior policy;
b) the policy has been in force under this Agreement for the Recapture Period shown in Exhibit C, Section IXVIII. The recapture period will always be measured from the original policy issue date.
Appears in 1 contract
Samples: Automatic Coinsurance Agreement (Nassau Life Variable Universal Life Account)
Basis of Recapture. If we you increase the retention limits shown in Exhibit A, we you may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if:
a) we you have maintained the maximum retention limit for the age and mortality rating of the insured when the underlying policy was issued. Policies on which we you retained a reduced retention or no retention will not be eligible for recapture.
b) the policy has been in force under this Agreement for the Recapture Period shown in Exhibit C, Section IX. The recapture period will always be measured from the original policy issue date.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Union Security Insurance Co Variable Account C)
