Common use of MAXIMUM DOLLAR RETENTION Clause in Contracts

MAXIMUM DOLLAR RETENTION. The Ceding Company will retain, and not otherwise reinsure, an amount of insurance on each life equal to its Maximum Dollar Retention Limits shown in Section 3 of Schedule A. If the Ceding Company's scheduled Maximum Dollar Retention Limit is zero, automatic reinsurance is not available.

Appears in 3 contracts

Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Automatic and Facultative (Jnlny Separate Account Iv), Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (Jackson National Separate Account Iv)

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MAXIMUM DOLLAR RETENTION. The Ceding Company will retain, and not otherwise reinsure, an amount of insurance on each life equal to its Maximum Dollar Retention Limits shown in Section 3 of Schedule A. If the Ceding Company's ’s scheduled Maximum Dollar Retention Limit is zero, automatic reinsurance is not available.

Appears in 1 contract

Samples: Automatic and Facultative Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account)

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