Common use of INCREASE IN RETENTION Clause in Contracts

INCREASE IN RETENTION. 1. The Reinsured may increase its limit of retention and may elect, subject to the provisions of this article, to continue the reinsurance in force under this Agreement without change, or to reduce all eligible reinsurance in force under this Agreement as set forth below. The increased limit of retention shall be effective with respect to reinsurance which is placed in effect on or after the effective date of the increase subsequent to the Reinsured providing written notice to the Reinsurer of such increase and of its election to either continue or reduce reinsurance on in force business. 2. No business will be eligible for reduction under this article unless the Reinsured kept its maximum retention as set forth in the retention schedule in effect at the time the insurance was issued. The amounts recaptured shall be sufficient to increase the Reinsured’s retention to the new limits. If there are other reinsurers, the reduction on each risk shall be divided according to each reinsurer’s portion of the total reinsurance on the risk. If the reinsurance is reduced on any risk, similar reductions shall be made on all risks eligible for recapture. The effective date of the reduction in reinsurance on a policy eligible for such reduction shall be the latter of the first policy anniversary following the notice to recapture and the th policy anniversary. 3. The retention limits of the Reinsured as of the effective date of this Agreement are shown in SCHEDULE G. [page break]

INCREASE IN RETENTION. 1. A. The Reinsured Ceding Company may increase its limit of retention and may elect, subject to the provisions of this articleArticle, to continue the reinsurance in force inforce under this Agreement without change, or to reduce all eligible reinsurance in force inforce under this Agreement as set forth below. The increased limit of retention shall be effective with respect to reinsurance which is placed in effect on or after the effective date of the increase subsequent to the Reinsured Ceding Company providing written notice to the Reinsurer of such increase and of its election to either continue or reduce reinsurance on in force inforce business. 2. B. No business will be eligible for reduction under this article Article unless the Reinsured Ceding Company kept its maximum retention as set forth in the retention schedule in effect at the time the insurance was issued. The amounts recaptured shall be sufficient to increase the ReinsuredCeding Company’s retention to the new limits. If there are other reinsurers, the reduction on each risk shall be divided according to each reinsurer’s portion of the total reinsurance on the risk. If the reinsurance is reduced on any risk, similar reductions shall be made on all risks eligible for recapture. The effective date of the reduction in reinsurance on a policy eligible for such reduction shall be the latter of the first policy anniversary following the notice to recapture and the th policy anniversary. 3. The retention limits of the Reinsured Ceding Company as of the effective date of this Agreement are shown in SCHEDULE G. Schedule I – Retention Limits. [page break]

INCREASE IN RETENTION. 1. The Reinsured may increase its limit of retention and may elect, subject to the provisions of this article, to continue the reinsurance in force under this Agreement without change, or to reduce all eligible reinsurance in force under this Agreement as set forth below. The increased limit of retention shall be effective with respect to reinsurance which is placed in effect on or after the effective date of the increase subsequent to the Reinsured providing written notice to the Reinsurer of such increase and of its election to either continue or reduce reinsurance on in force business. 2. No business will be eligible for reduction under this article unless the Reinsured kept its maximum retention as set forth in the retention schedule in effect at the time the insurance was issued. The amounts recaptured shall be sufficient to increase the Reinsured’s retention to the new limits. If there are other reinsurers, the reduction on each risk shall be divided according to each reinsurer’s portion of the total reinsurance on the risk. If the reinsurance is reduced on any risk, similar reductions shall be made on all risks eligible for recapture. The effective date of the reduction in reinsurance on a policy eligible for such reduction shall be the latter of the first policy anniversary following the notice to recapture and the th policy anniversary. 3. The retention limits of the Reinsured as of the effective date of this Agreement are shown in SCHEDULE G. [page break]I.

INCREASE IN RETENTION. 1. A. The Reinsured Ceding Company may increase its limit of retention and may elect, subject to the provisions of this articleArticle, to continue the reinsurance in force inforce under this Agreement without change, or to reduce all eligible reinsurance in force inforce under this Agreement as set forth below. The increased limit of retention shall be effective with respect to reinsurance which is placed in effect on or after the effective date of the increase subsequent to the Reinsured Ceding Company providing written notice to the Reinsurer of such increase and of its election to either continue or reduce reinsurance on in force inforce business. 2. B. No business will be eligible for reduction under this article Article unless the Reinsured Ceding Company kept its maximum retention as set forth in the retention schedule in effect at the time the insurance was issued. The amounts recaptured shall be sufficient to increase the ReinsuredCeding Company’s retention to the new limits. If there are other reinsurers, the reduction on each risk shall be divided according to each reinsurer’s portion of the total reinsurance on the risk. If the reinsurance is reduced on any risk, similar reductions shall be made on all risks eligible for recapture. The effective date of the reduction in reinsurance on a policy eligible for such reduction shall be the latter of the first policy anniversary following the notice to recapture and the th --- policy anniversary. 3. The retention limits of the Reinsured Ceding Company as of the effective date of this Agreement are shown in SCHEDULE G. [page break]Schedule I – Retention Limits.

INCREASE IN RETENTION. 1. The Reinsured may increase its limit of retention and may elect, subject to the provisions of this article, to continue the reinsurance in force under this Agreement without change, or to reduce all eligible reinsurance in force under this Agreement as set forth below. The increased limit of retention shall be effective with respect to reinsurance which is placed in effect on or after the effective date of the increase subsequent to the Reinsured providing written notice to the Reinsurer of such increase and of its election to either continue or reduce reinsurance on in force business. 2. No business will shall be eligible for reduction under this article unless the Reinsured kept its maximum retention as set forth in the retention schedule in effect at the time the insurance was issued. The amounts recaptured shall be sufficient to increase the Reinsured’s retention to the new limits. If there are other reinsurers, the reduction on each risk shall be divided according to each reinsurer’s portion of the total reinsurance on the risk. If the reinsurance is reduced on any risk, similar reductions shall be made on all risks eligible for recapture. The effective date of the reduction in reinsurance on a policy eligible for such reduction shall be the latter of the first policy anniversary following the notice to recapture and the th policy anniversary. 3. The retention limits of the Reinsured as of the effective date of this Agreement are shown in SCHEDULE G. [page break]

INCREASE IN RETENTION. 1. A. The Reinsured Ceding Company may increase its limit of retention and may elect, subject to the provisions of this articleArticle, to continue the reinsurance in force inforce under this Agreement without change, or to reduce all eligible reinsurance in force inforce under this Agreement as set forth below. The increased limit of retention shall be effective with respect to reinsurance which is placed in effect on or after the effective date of the increase subsequent to the Reinsured Ceding Company providing written notice to the Reinsurer of such increase and of its election to either continue or reduce reinsurance on in force inforce business. 2. B. No business will shall be eligible for reduction under this article Article unless the Reinsured Ceding Company kept its maximum retention as set forth in the retention schedule in effect at the time the insurance was issued. The amounts recaptured shall be sufficient to increase the ReinsuredCeding Company’s retention to the new limits. If there are other reinsurers, the reduction on each risk shall be divided according to each reinsurer’s portion of the total reinsurance on the risk. If the reinsurance is reduced on any risk, similar reductions shall be made on all risks eligible for recapture. The effective date of the reduction in reinsurance on a policy eligible for such reduction shall be the latter of the first policy anniversary following the notice to recapture and the th policy anniversary. 3. The retention limits of the Reinsured Ceding Company as of the effective date of this Agreement are shown in SCHEDULE G. [page break]Schedule H – Retention Limits.