Common use of RECAPTURE PRIVILEGES Clause in Contracts

RECAPTURE PRIVILEGES. A. If, at any time, the CEDING COMPANY makes a change in its existing retention limits, as shown in Schedule A, it shall give prompt written notice thereof to the REINSURER.

Appears in 2 contracts

Samples: Automatic Reinsurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co), Insurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co)

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RECAPTURE PRIVILEGES. A. If, at any time, the CEDING COMPANY makes a change in its existing retention limits, as shown in Schedule A, which have a material effect on the terms of the treaty, it shall give prompt written notice thereof to the REINSURER.

Appears in 1 contract

Samples: Automatic Reinsurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co)

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RECAPTURE PRIVILEGES. A. If, at any time, the CEDING COMPANY makes a change in its existing maximum dollar retention limits, as shown in Schedule A, which have a material effect on the terms of the treaty, it shall give prompt written notice thereof to the REINSURER.

Appears in 1 contract

Samples: Insurance Agreement (Separate Account Fp of Axa Equitable Life Insurance Co)

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