RETENTION AND RECAPTURE. If the Ceding Company changes its limit of retention as shown in Schedule I, written notice of the change will promptly be given to the Reinsurer. At the option of the Ceding Company, a corresponding reduction may be made in the reinsurance in force under this Agreement, on all lives, on which the Ceding Company has maintained its maximum limit of retention, provided that all eligible business is reduced on the same basis. The Ceding Company may apply the new limits of retention to existing reinsurance and reduce and recapture reinsurance inforce in accordance with the following rules:
Appears in 12 contracts
Samples: Reinsurance Agreement (Minnesota Life Variable Life Account), Automatic and Facultative Yrt Reinsurance Agreement (Ameritas Variable Separate Account V), Automatic and Facultative Yrt Reinsurance Agreement (Life Investors Variable Life Account A)
RETENTION AND RECAPTURE. If the Ceding Company changes its limit of retention as shown in Schedule III, written notice of the change will promptly be given to the Reinsurer. At the option of the Ceding Company, a corresponding reduction may be made in the reinsurance in force under this Agreement, on all lives, on which the Ceding Company has maintained its maximum limit of retention, provided that all eligible business is reduced on the same basis. The Ceding Company may apply the new limits of retention to existing reinsurance and reduce and recapture reinsurance inforce in accordance with the following rules:
Appears in 7 contracts
Samples: Reinsurance Agreement (Thrivent Variable Life Account I), Automatic and Facultative Yrt Reinsurance Agreement (Farm Bureau Life Variable Account), Automatic and Facultative Coinsurance Reinsurance Agreement (Cuna Mutual Variable Life Insurance Account)
RETENTION AND RECAPTURE. If the Ceding Company changes its limit of retention as shown in Schedule III, written notice of the change will promptly be given to the Reinsurer. At the option of the Ceding Company, a corresponding reduction may be made in the reinsurance in force under this Agreement, Agreement on all lives, on which the Ceding Company has maintained its maximum limit of retention, provided that all eligible business is reduced on the same basisrisks. The Ceding Company may apply the new limits of retention to existing reinsurance and reduce and recapture reinsurance inforce in accordance with the following rules:
Appears in 1 contract
Samples: Reinsurance Agreement (Minnesota Life Individual Variable Universal Life Account)
