Common use of INCREASE IN RETENTION Clause in Contracts

INCREASE IN RETENTION. 1. If we should increase our retention limits, prompt written notice of the increase must be given to you. 2. We will have the option of recapturing the reinsurance under this Agreement when our retention limit increases. We may exercise our option to recapture by giving written notice to you within ninety (90) days after the effective date of the increase. 3. If we exercise our option to recapture, then; A. We must reduce the reinsurance on each individual life on which we retained our maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to you. B. No recapture will be made to reinsurance on an individual life if (a) we retained a special retention limit less than our maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to you, or if (b) we did not retain insurance on the life. C. We must increase our total amount of insurance on the individual life up to our new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, your percentage of the reduced reinsurance will be the same percentage as your initial reinsurance on the individual risk. D. The reduction of reinsurance will become effective on the later of the following dates: (1) The policy anniversary date immediately following the effective date of our increase in retention limits. (2) The number of years stated in Schedule A starting with the 'policy date' for the risk involved or on the "Reinsurance Cession Card".

INCREASE IN RETENTION. 1. If we you should increase our the retention limitslimits as listed in Exhibit I, prompt written notice of the increase must be given to youus. 2. We will You'll have the option of recapturing the reinsurance under this Agreement when our your retention limit increases. We You may exercise our your option to recapture by giving written notice to you us within ninety (90) days after the effective date of the increase. 3. If we you exercise our your option to recapture, then; A. We You must reduce the reinsurance on each individual life on which we you retained our your maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to youus. B. No recapture will be made to reinsurance on an individual life if (a) we you retained a special retention limit less than our your maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to youus, or if (b) we you did not retain insurance on the life. C. We You must increase our your total amount of insurance on the individual life up to our your new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, your our percentage of the reduced reinsurance will be the same percentage as your our initial reinsurance on the individual risk. D. The reduction of reinsurance will become effective on the later of the following dates: (1) The policy anniversary date immediately following the effective date of our your increase in retention limits. (2) The number of years stated in Schedule A starting with the 'policy date' for the risk involved or shown on the "Formal Reinsurance Cession CardCession".

INCREASE IN RETENTION. 1. If we you should increase our the retention limitslimits as listed in Exhibit I, prompt written notice of the increase must be given to youus. 2. We You will have the option of recapturing the reinsurance under this Agreement when our your retention limit increases. We , and following the number of policy years until recapture as stated in Schedule A. You may exercise our your option to recapture by giving written notice to you us within ninety (90) days after the effective date of the increase. 3. If we you exercise our your option to recapture, then; A. We You must reduce the reinsurance on each individual life on which we you retained our your maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to youus. B. No recapture will be made to reinsurance on an individual life if (a) we you retained a special retention limit less than our your maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to youus, or if (b) we you did not retain insurance on the life. C. We You must increase our your total amount of insurance on the individual life up to our your new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, your our percentage of the reduced reinsurance will be the same percentage as your our initial reinsurance on the individual risk. D. The reduction of reinsurance will become effective on the later of the following dates: (1) The policy anniversary date immediately following the effective date of our your increase in retention limits. (2) The number of years stated in Schedule A starting with the 'policy date' for the risk involved or on the "Reinsurance Cession Card".

INCREASE IN RETENTION. 1. If we should increase our retention limits, prompt written notice of the increase must be given to you. 2. We will have the option of recapturing the reinsurance under this Agreement when our retention limit increases. We may exercise our option to recapture by giving written notice to you within ninety (90) days after the effective date of the increase. 3. If we exercise our option to recapture, then; A. We must reduce the reinsurance on each individual life on which we retained our maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to you. B. No recapture will be made to reinsurance on an individual life if (a) we retained a special retention limit less than our maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to you, or if (b) we did not retain insurance on the life. C. We must increase our total amount of insurance on the individual life up to our new retention limit by reducing the reinsurance. If an individual life is shared by more than one reinsurer, your percentage of the reduced reinsurance will be the same percentage as your initial reinsurance on the individual risk. D. The reduction of reinsurance will become effective on the later of the following dates: (1) The policy anniversary date immediately following the effective date of our increase in retention limits. (2) The number of years stated in Schedule A starting with the 'policy date' for the risk involved or on the "Reinsurance Cession Card"involved.

INCREASE IN RETENTION. 1. If we you should increase our your retention limits, you shall give us prompt written notice of the increase must be given to youthis increase. 2. We You will have the option to recapture all or any part of recapturing the reinsurance under this Agreement when our When your retention limit increases. We You may exercise our your option to recapture by giving written notice to you within us ninety (90) days after the effective date prior written notice of the increasesuch recapture. 3. If we you exercise our this option to recapture, then; A. We You must reduce the reinsurance on each individual life on which we you retained our __% of your maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to youus. B. No recapture will be made to reinsurance on an individual life if (a) we retained a special retention limit less than our maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to you, or if (b) we you did not retain insurance on the life. C. We You must increase our your total amount of insurance on the individual life up to our your 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, your our percentage of the reduced reinsurance will be the same percentage as your our initial reinsurance on the individual risk. D. The reduction of reinsurance will become effective on the later of the following dates:; (1) The policy anniversary date immediately following the effective date of our your increase in retention limits. (2) The number of years stated in Schedule A starting with the 'original policy date' for the risk involved or date shown on the "Reinsurance Cession Card"your listing.

INCREASE IN RETENTION. 1. If we you should increase our the retention limitslimits as listed in Exhibit II, prompt written notice of the increase must be given to youus. 2. We You will have the option of recapturing the reinsurance under this Agreement when our your retention limit increases. We You may exercise our your option to recapture by giving written notice to you us within ninety (90) days after the effective date of the increase. 3. If we you exercise our this option to recapture, then; A. We You must reduce the reinsurance on each individual life on which we you retained our 20% of your maximum retention limit for the age and mortality rating that was in effect at the time the reinsurance was ceded to youus. B. No recapture will be made to reinsurance on an individual life if (a) we retained a special retention limit less than our maximum retention limit for the age and mortality rating in effect at the time the reinsurance was ceded to you, or if (b) we you did not retain insurance on the life. C. We You must increase our your total amount of insurance on the individual life up to our your 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, your our percentage of the reduced reinsurance will be the same percentage as your our initial reinsurance on the individual risk. D. The reduction of reinsurance will become effective on the later of the following dates:; (1) The policy anniversary date immediately following the effective date of our your increase in retention limits. (2) The number of years stated in Schedule A starting with the 'original policy date' for the risk involved or date shown on the "Reinsurance Cession Card"your listing.