Common use of INCREASE IN RETENTION Clause in Contracts

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this AgreementAgreement when the retention limit increases. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life risk up to the new retention limit by reducing the reinsurance. If an individual life a risk is shared by more than one reinsurerReinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance percentage on the individual risk. 4. The Upon increasing the retention limit, the reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has of those policies that have been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this AgreementAgreement when the retention limit increases. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life risk on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life a risk if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life risk up to the new retention limit by reducing the reinsurance. If an individual life a risk is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance percentage on the individual risk. 4. The Upon increasing the retention limit, the reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has of those policies that have been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this AgreementAgreement when the retention limit increases. The Ceding Company may exercise its it's option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same percentage as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit IIExhibits II and III, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life risk on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life a risk if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life a risk up to the new retention limit by reducing the reinsurance. If an individual life a risk is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this AgreementAgreement when the retention limit increases. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life risk up to the new retention limit by reducing reducing, the reinsurance. If an individual life a risk is shared by more than one reinsurerReinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance percentage on the individual risk. 4. The Upon increasing the retention limit, the reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has of those policies that have been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this AgreementAgreement when the retention limit increases. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life risk up to the new retention limit by reducing the reinsurance. If an individual life a risk is shared by more than one reinsurerReinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance percentage on the individual risk. 4. The Upon increasing the retention limit, the reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has of those policies that have been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Single Life Excess Pool Between HLIC and RGA Effective 11/01/2002 Fac / 12/01/2002 Auto Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within ninety (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this AgreementAgreement when the retention limit increases. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life risk up to the new retention limit by reducing the reinsurance. If an individual life a risk is shared by more than one reinsurerReinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance percentage on the individual risk. 4. The Upon increasing the retention limit, the reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has of those policies that have been inforce for at least ten twenty (1020) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within ninety (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.. Single Life Enhanced Standard Pool Between HLIC and RGA Effective 12/01/2002

INCREASE IN RETENTION. A. 1. If the Ceding Company Cedent should increase the Cedent's retention limits as listed shown in Exhibit IISchedule C, Cedent shall give Reinsurer prompt written notice of the increase must be given to the Reinsurerthis increase. B. In the event of an increase in retention, the Ceding Company 2. Cedent will have the option to recapture all or any part of recapturing the reinsurance up to the increased retention under this AgreementAgreement when Cedent's retention limit increases. The Ceding Company Cedent may exercise its Cedent's option to recapture by giving written notice to the Reinsurer within ninety (90) ninety days after the effective date prior written notice of the increasesuch recapture. C. 3. If the Ceding Company Cedent exercises its this option to recapture, then: 1. The Ceding Company A. Cedent must reduce the reinsurance on each individual life on which the Ceding Company Cedent retained the __% of Cedent's maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. B. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the Cedent did not initially retain at least __% of Cedent's maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life.. SVUL / SUL Reinsurance Agreement 3. The Ceding Company C. Cedent must increase its Cedent's total amount of insurance on the individual life up to the Cedent's new retention limit by reducing the reinsurancetotal reinsurance on that life by the same amount. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same percentage as the Reinsurer's initial reinsurance on the individual risk. 4. The reduction in of reinsurance will become effective on the next annual premium later of the following dates: A. The policy anniversary after date immediately following the individual policy has been inforce for at least ten (10) yearseffective date of Cedent's increase in retention limits. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning B. The number of years stated in Schedule A starting with the original policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue datesshown on Cedent's listing.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its it's option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same percentage as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit IIExhibits II and III, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within ninety (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life risk on which the Last Survivor Excess Pool Between HLIC and RGA Effective 03/01/2004 10 Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life a risk if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life a risk up to the new retention limit by reducing the reinsurance. If an individual life a risk is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Single Life Excess Pool Between HLAIC and RGA Effective 11/01/2002 Fac / 12/01/2002 Auto Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within ninety (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within ninety (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.. Single Life Enhanced Standard Pool Between HLAIC and RGA Effective 12/01/2002

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit IIExhibits II and Ill, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life risk on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life a risk if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life a risk up to the new retention limit by reducing the reinsurance. If an individual life a risk is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer.. Single Life Excess Pool Between HLIC and Munich Effective 11/01/2002 Fac / 12/01/2002 Auto 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit IIExhibits II and III, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this Agreement. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within ninety (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life risk on which the Last Survivor Excess Pool Between HLAIC and RGA Effective 03/01/2004 10 Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life a risk if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the liferisk. 3. The Ceding Company must increase its total amount of insurance on the individual life a risk up to the new retention limit by reducing the reinsurance. If an individual life a risk is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.

INCREASE IN RETENTION. A. If the Ceding Company should increase the retention limits as listed in Exhibit II, prompt written notice of the increase must be given to the Reinsurer. B. In the event of an increase in retention, the Ceding Company will have the option of recapturing the reinsurance up to the increased retention under this AgreementAgreement when the retention limit increases. The Ceding Company may exercise its option to recapture by giving written notice to the Reinsurer within (90) ninety days after the effective date of the increase. C. If the Ceding Company exercises its option to recapture, then: 1. The Ceding Company must reduce the reinsurance on each individual life on which the Ceding Company retained the maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to the Reinsurer. 2. No recapture will be made to reinsurance on an individual life if (a) the Ceding Company retained a special retention limit less than the maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to the Reinsurer, or if (b) the Ceding Company did not retain insurance on the life. 3. The Ceding Company must increase its total amount of insurance on the individual life up to the new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, the Reinsurer's percentage of the reduced reinsurance will be the same percentage as the initial reinsurance on the individual risk. 4. The reduction in reinsurance will become effective on the next annual premium anniversary after the individual policy has been inforce for at least ten (10) years. 5. If more than one policy per life is eligible for recapture, then the eligible policies may be recaptured beginning with the policy with the earliest issue date and continuing in chronological order according to the remaining policies' issue dates.