Common use of INCREASE IN RETENTION AND RECAPTURES Clause in Contracts

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of insurance on the individual risk up to its new retention by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s percentage of the reduced reinsurance shall be the same as BMA’s initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 of this Article; (2) The number of years stated in Schedule A starting with the “policy date.” 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA or if (b) the CEDING COMPANY did not retain any of the individual risk.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of insurance on the individual risk up to its new retention by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s percentage of the reduced reinsurance shall be the same as BMA’s initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 2. of this Article; (2) The number of years stated in Schedule A starting with the “policy date.” D. In the event the CEDING COMPANY overlooks any reduction in the amount of a reinsurance policy because of an increase in the CEDING COMPANY’s retention, the acceptance by BMA of reinsurance premiums under these circumstances shall not constitute a liability on the part of BMA for such reinsurance. BMA shall be liable only for a refund of premiums. 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA BMA, or if (b) the CEDING COMPANY did not retain any of the individual risk.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of retained insurance on the individual risk up to its new retention limit by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s 's percentage of the reduced reinsurance shall be the same as BMA’s 's initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 of this Article; (2) The number of years stated in Schedule A starting with the “"policy date.”" D. In the event the CEDING COMPANY overlooks any reduction in the amount of a reinsurance policy because of an increase in the CEDING COMPANY's retention, the acceptance by BMA of reinsurance premiums under these circumstances shall not constitute a liability on the part of BMA for such reinsurance. BMA shall be liable only for a refund of premiums. 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA BMA, or if (b) the CEDING COMPANY did not retain any of the individual risk.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of insurance on the individual risk up to its new retention by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s 's percentage of the reduced reinsurance shall be the same as BMA’s 's initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 of this Article; (2) The number of years stated in Schedule A starting with the “policy date.” 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA or if (b) the CEDING COMPANY did not retain any of the individual risk.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMAGENERALI. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA GENERALI within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention days, the CEDING COMPANY may choose and GENERALI shall agree to recapture at a later date. In that case, the date terms of the written notification recapture, in writing, prior to BMA shall determine the effective date implementation of the recapture program shall beginprogram. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. GENERALI shall refund unearned premiums, net of allowances. B. The CEDING COMPANY shall increase its total amount of retained insurance on the individual risk up to its new retention limit by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s GENERALI's percentage of the reduced reinsurance shall be the same as BMA’s GENERALI's initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 2. of this Article; (2) The number of years stated in Schedule A starting with the “"policy date.”" D. In the event the CEDING COMPANY overlooks any reduction in the amount of a reinsurance policy because of an increase in the CEDING COMPANY's retention, the acceptance by GENERALI of reinsurance premiums under these circumstances shall not constitute a liability on the part of GENERALI for such reinsurance. GENERALI shall be liable only for a refund of premiums. E. Once a recapture is initiated by the CEDING COMPANY, the recapture will continue year after year until all eligible policies are recaptured. Should a claim occur before an eligible policy has been processed, GENERALI shall deduct from the claim payment the amount the CEDING COMPANY should have recaptured. 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA GENERALI, or if (b) the CEDING COMPANY did not retain any of the individual risk. 5. In the circumstance where reinsurance is ceded on a quota share basis, the CEDING COMPANY will carry out the recapture by increasing its quota share percentage on the business in the same proportion as the increase in its maximum schedule of retention.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA.COMPANY B. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA COMPANY B within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA COMPANY B shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of retained insurance on the individual risk up to its new retention limit by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s COMPANY B's percentage of the reduced reinsurance shall be the same as BMA’s COMPANY B's initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 2. of this Article; (2) The number of years stated in Schedule A starting with the “"policy date.”" D. In the event the CEDING COMPANY overlooks any reduction in the amount of a reinsurance policy because of an increase in the CEDING COMPANY's retention, the acceptance by COMPANY B of reinsurance premiums under these circumstances shall not constitute a liability on the part of COMPANY B for such reinsurance. COMPANY B shall be liable only for a refund of premiums. E. Once a recapture is initiated by the CEDING COMPANY, the recapture will continue year after year until all eligible policies are recaptured. Should a claim occur before an eligible policy has been processed, COMPANY B shall deduct from the claim payment the amount the CEDING COMPANY should have recaptured. 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA COMPANY B, or if (b) the CEDING COMPANY did not retain any of the individual risk.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMALINCOLN. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA LINCOLN within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA LINCOLN shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of retained insurance on the individual risk up to its new retention limit by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s LINCOLN's percentage of the reduced reinsurance shall be the same as BMA’s LINCOLN's initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 2. of this Article; (2) The number of years stated in Schedule A starting with the “"policy date.”" D. In the event the CEDING COMPANY overlooks any reduction in the amount of a reinsurance policy because of an increase in the CEDING COMPANY's retention, the acceptance by LINCOLN of reinsurance premiums under these circumstances shall not constitute a liability on the part of LINCOLN for such reinsurance. LINCOLN shall be liable only for a refund of premiums. E. Once a recapture is initiated by the CEDING COMPANY, the recapture will continue year after year until all eligible policies are recaptured. Should a claim occur before an eligible policy has been processed, LINCOLN shall deduct from the claim payment the amount the CEDING COMPANY should have recaptured. 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA LINCOLN, or if (b) the CEDING COMPANY did not retain any of the individual risk.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of insurance on the individual risk up to its new retention by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s 's percentage of the reduced reinsurance shall be the same as BMA’s 's initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 2. of this Article; (2) The number of years stated in Schedule A starting with the “"policy date.”" D. In the event the CEDING COMPANY overlooks any reduction in the amount of a reinsurance policy because of an increase in the CEDING COMPANY's retention, the acceptance by BMA of reinsurance premiums under these circumstances shall not constitute a liability on the part of BMA for such reinsurance. BMA shall be liable only for a refund of premiums. 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA BMA, or if (b) the CEDING COMPANY did not retain any of the individual risk.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of insurance on the individual risk up to its new retention by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s percentage of the reduced reinsurance shall be the same as BMA’s initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 2. of this Article; (2) The number of years stated in Schedule A starting with the “policy date.” D. In the event the CEDING COMPANY overlooks any reduction in the amount of a reinsurance policy because of an increase in the CEDING COMPANY’s retention, the acceptance by BMA of reinsurance premiums under these circumstances shall not constitute a liability on the part of BMA for such reinsurance. BMA shall be liable only for a refund of premiums. 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA BMA, or if (b) the CEDING COMPANY did not retain any of the individual risk.. ARTICLE X

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of retained insurance on the individual risk up to its new retention limit by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s 's percentage of the reduced reinsurance shall be the same as BMA’s 's initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates: (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 of this Article; (2) The number of years stated in Schedule A starting with the “"policy date.”" 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA BMA, or if (b) the CEDING COMPANY did not retain any of the individual risk.

INCREASE IN RETENTION AND RECAPTURES. 1. If the CEDING COMPANY changes its retention limits, as listed in Exhibit I, prompt written notice of the change shall be provided to BMA. 2. The CEDING COMPANY shall have the option of recapturing the reinsurance under this Agreement in the event the CEDING COMPANY increases its retention limit and the policies have been in force the required length of time as stated in Schedule A. The CEDING COMPANY may exercise its option to recapture by giving written notice to BMA within ninety (90) days after the effective date of the increase in retention. If the recapture option is not exercised within ninety days (90) days after the effective date of the increase in retention the CEDING COMPANY may choose to recapture at a later date. In that case, the date of the written notification to BMA shall determine the effective date the recapture program shall begin. 3. If the CEDING COMPANY exercises its option to recapture, then: A. The CEDING COMPANY shall reduce the reinsurance on all individual risks on which it retained its maximum retention for the age and mortality rating that was in effect at the time the reinsurance was ceded. B. The CEDING COMPANY shall increase its total amount of retained insurance on the individual risk up to its new retention limit by reducing the amount of reinsurance. If an individual risk is shared by more than one reinsurer, BMA’s 's percentage of the reduced reinsurance shall be the same as BMA’s 's initial percentage of reinsurance on the individual risk. C. The reduction of reinsurance shall become effective on the later of the following dates:. (1) The policy anniversary date immediately following the date the recapture program is to begin as determined by paragraph 2 2. of this Article; (2) The number of years stated in Schedule A starting with the “"policy date.”" D. In the event the CEDING COMPANY overlooks any reduction in the amount of a reinsurance policy because of an increase in the CEDING COMPANY's retention, the acceptance by BMA of reinsurance premiums under these circumstances shall not constitute a liability on the part of BMA for such reinsurance. BMA shall be liable only for a refund of premiums. E. Once a recapture is initiated by the CEDING COMPANY, the recapture will continue year after year until all eligible policies are recaptured. Should a claim occur before an eligible policy has been processed, BMA shall deduct from the claim payment the amount the CEDING COMPANY should have recaptured. 4. No recapture shall be permitted for reinsurance on an individual risk if (a) the CEDING COMPANY retained less than its maximum retention for the age and mortality rating in effect at the time the reinsurance was ceded to BMA BMA, or if (b) the CEDING COMPANY did not retain any of the individual risk.