Common use of Basis of Recapture Clause in Contracts

Basis of Recapture. If you increase your Dollar Retention Limit as shown in Exhibit X.XX, you may reduce the amount of reinsurance in force through recapture. Reinsured policies are eligible for recapture if: 2.1 You give us written notice of your intention to recapture within ninety (90) days of the effective date of the retention increase; 2.2 You have maintained your full retention for the age and mortality rating of the insured from the time that the policy was issued. No recapture shall be allowed for polices for which you established special or reduced retention limits unless you have retained your full retention on existing or concurrent polices on the insured life; 2.3 You retain all business that is recaptured under the terms of this Article; and 2.4 The policy has been in force under this Agreement for the Recapture Period shown in Exhibit C.XN. The recapture period will always be measured from the original policy issue date. For converted policies the recapture period will be the greater of the recapture period in the original reinsurance agreement, or the recapture period in the agreement to which the policy has converted, measured from the effective date of the original policy.

Basis of Recapture. If you increase your Dollar Retention Limit as shown in Exhibit X.XX, you may reduce the amount of reinsurance in force through recapture. Reinsured policies are eligible for recapture if: : 2.1 You give us written notice of your intention to recapture within ninety (90) days of the effective date of the retention increase; ; 2.2 You have maintained your full retention for the age and mortality rating of the insured from the time that the policy was issued. No recapture shall be allowed for polices for which you established special or reduced retention limits unless you have retained your full retention on existing or concurrent polices on the insured life; ; 2.3 You retain all business that is recaptured under the terms of this Article; and and 2.4 The policy has been in force under this Agreement for the Recapture Period shown in Exhibit C.XNC.XIX. The recapture period will always be measured from the original policy issue date. For converted policies the recapture period will be the greater of the recapture period in the original reinsurance agreement, or the recapture period in the agreement to which the policy has converted, measured from the effective date of the original policy.

Basis of Recapture. If you increase your Dollar Retention Limit as shown in Exhibit X.XX, you may reduce the amount of reinsurance in force through recapture. Reinsured policies are eligible for recapture if: 2.1 You give us written notice of your intention to recapture within ninety (90) days of the effective date of the retention increase; 2.2 You have maintained your full retention for the age and mortality rating of the insured from the time that the policy was issued. No recapture shall be allowed for polices for which you established special or reduced retention limits unless you have retained your full retention on existing or concurrent polices on the insured life; 2.3 You retain all business that is recaptured under the terms of this Article; and 2.4 The policy has been in force under this Agreement for the Recapture Period shown in Exhibit C.XNC.XI. The recapture period will always be measured from the original policy issue date. For converted policies the recapture period will be the greater of the recapture period in the original reinsurance agreement, or the recapture period in the agreement to which the policy has converted, measured from the effective date of the original policy.