Common use of Basis of Recapture Clause in Contracts

Basis of Recapture. If the Ceding Company increases its retention limits shown in Exhibit A, it may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if a) the Ceding Company has maintained the maximum retention limit for the age and mortality rating of the insured when the underlying policy was issued. Policies on which the Ceding Company retained a reduced retention or no retention will not be eligible for recapture; and 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.

Basis of Recapture. If the Ceding Company increases its retention limits shown in Exhibit A, III. it may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if: a) the Ceding Company has maintained the maximum retention limit for the age and mortality rating of the insured when the underlying policy was issued. Policies on which the Ceding Company retained a reduced retention or no retention will not be eligible for recapture; and 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.

Basis of Recapture. If the Ceding Company increases its retention limits shown in Exhibit A, II. it may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if: a) the Ceding Company has maintained the maximum retention limit for the age and mortality rating of the insured when the underlying policy was issued. Policies on which the Ceding Company retained a reduced retention or no retention will not be eligible for recapture; and 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.

Basis of Recapture. If the Ceding Company increases its retention limits shown in Exhibit A, it may make a corresponding reduction in eligible reinsurance cessions. Policies are eligible for recapture if: a) the Ceding Company has maintained the maximum retention limit for the age and mortality rating of the insured when the underlying policy was issued. Policies on which the Ceding Company retained a reduced retention or no retention will not be eligible for recapture; and 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.