Common use of INCREASE IN RETENTION Clause in Contracts

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

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

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

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

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

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