Common use of RETENTION AND RECAPTURE Clause in Contracts

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: 1. No recapture will be made unless reinsurance has been in force for the minimum period shown in Schedule I. 2. Recapture will become effective on the policy anniversary date following written notification of the Ceding Company's intent to recapture. 3. No recapture will be made unless the Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued. No recapture will be allowed in any class of fully reinsured business or in any classes of risks for which the Ceding Company established special retention limits less than the Ceding Company's maximum retention limits for the plan, age, and mortality rating at the time the policy was issued. 4. If any reinsurance is recaptured, all reinsurance eligible for recapture, under the provisions of this Article, must be recaptured. 5. If there is reinsurance with other reinsurers on risks eligible for recapture, the necessary reduction is to be applied to each company in proportion to the total outstanding reinsurance.

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: 1. No recapture will be made unless reinsurance has been in force for the minimum period shown in Schedule I. 2. Recapture will become effective on the policy anniversary date following written notification of the Ceding Company's intent to recapture. 3. No recapture will be made unless the Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued. No recapture will be allowed in any class of fully reinsured business or in any classes of risks for which the Ceding Company established special retention limits less than the Ceding Company's maximum retention limits for the plan, age, and mortality rating at the time the policy was issued. 4. If any reinsurance is recaptured, all reinsurance eligible for recapture, under the provisions of this Article, must be recaptured. 5. If there is reinsurance with other reinsurers on risks eligible for recapture, the necessary reduction is to be applied to each company in proportion to the total outstanding reinsurance.

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: 1. No recapture will be made unless reinsurance has been in force for the minimum period shown in Schedule I. 2. Recapture will become effective on the policy anniversary date following written notification of the Ceding Company's ’s intent to recapture. 3. No recapture will be made unless the Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued. No recapture will be allowed in any class of fully reinsured business or in any classes of risks for which the Ceding Company established special retention limits less than the Ceding Company's ’s maximum retention limits for the plan, age, and mortality rating at the time the policy was issued. 4. If any reinsurance is recaptured, all reinsurance eligible for recapture, under the provisions of this Article, must be recaptured. 5. If there is reinsurance with other reinsurers on risks eligible for recapture, the necessary reduction is to be applied to each company in proportion to the total outstanding reinsurance.

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: 1. No recapture will be made unless reinsurance has been in force for the minimum period shown in Schedule I. 2. Recapture will become effective on the policy anniversary date following written notification of the Ceding Company's ’s intent to recapture. 3. No recapture will be made unless the Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued. No recapture will be allowed in any class of fully reinsured business or in any classes of risks for which the Ceding Company established special retention limits less than the Ceding Company's ’s maximum retention limits for the plan, age, and mortality rating at the time the policy was issued. 4. If any reinsurance is recaptured, all reinsurance eligible for recapture, under the provisions of this Article, must be recaptured. 5. If there is reinsurance with other reinsurers on risks eligible for recapture, the necessary reduction is to be applied to each company in proportion to the total outstanding reinsurance.

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: 1. No recapture will be made unless reinsurance has been in force for the minimum period shown in Schedule I. 2. Recapture will become effective on the policy anniversary date following written notification of the Ceding Company's ’s intent to recapture. 3. No recapture will be made unless the Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued. No recapture will be allowed in any class of fully reinsured business or in any classes of risks for which the Ceding Company established special retention limits less than the Ceding Company's ’s maximum retention limits for the plan, age, and mortality rating at the time the policy was issued. 4. If any reinsurance is recaptured, all reinsurance eligible for recapture, under the provisions of this Article, must be recaptured. 5. If there is reinsurance with other reinsurers reinsurers’ on risks eligible for recapture, the necessary reduction is to be applied to each company in proportion to the total outstanding reinsurance.

RETENTION AND RECAPTURE. If the Ceding Company changes its limit of retention Retention as shown in Schedule III, ninety (90) days 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 Risks. If the Ceding Company has maintained decreases its maximum limit of retentionretention limit, provided that all eligible business is reduced no reinsurance may be ceded on an automatic basis until the same basisparties have reviewed and either expressly affirmed or revised the terms specified in Schedule II and the Automatic Acceptance Limits set out in Schedule VI. The If the Ceding Company increases its retention it may apply the new limits of retention Retention to existing reinsurance and reduce and recapture Recapture reinsurance inforce in accordance with the following rules: 1. No recapture will be made unless reinsurance The Risk has been reinsured under this Agreement and in force for the minimum period shown in Schedule I.I. For a conversion or re-entry, the recapture terms of the original policy will apply and the duration for the recapture period will be measured from the effective date of the original policy. 2. Recapture will become effective on the policy anniversary date following written notification of the Ceding Company's intent to recapture. 3. No recapture will be made unless the The Ceding Company retained its maximum limit of retention Retention for the plan, age and mortality rating at the time the policy was issuedissued under this Agreement and in accordance with Schedule I. 3. No recapture will be allowed in any class of fully reinsured business or in any classes of risks for which the Ceding Company established special retention limits less than the Ceding Company's maximum retention limits for the plan, age, and mortality rating at the time the policy was issued. 4. If any reinsurance is recaptured, all All reinsurance eligible for recaptureRecapture, under the provisions of this Article, must be recapturedRecaptured. The amount of reinsurance eligible for recapture will be the proportionate share of the difference between the amount originally retained and the amount the Ceding Company would have retained on the same quota share basis had the new retention been in effect at the time of issue. 54. If there is reinsurance with other reinsurers The Risk will be Recaptured on risks eligible for recapture, the necessary reduction is to be applied to each company in proportion to anniversary date following the total outstanding reinsurancerecapture notification letter.

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: 1. No recapture will be made unless reinsurance has been in force for the minimum period shown in Schedule I. 2. Recapture will become effective on the policy anniversary date following written notification of the Ceding Company's intent to recapture. 3. No recapture will be made unless the Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued. No recapture will be allowed in any class of fully reinsured business or in any classes of risks for which the Ceding Company established special retention limits less than the Ceding Company's maximum retention limits for the plan, age, and mortality rating at the time the policy was issued. 4. If any reinsurance is recaptured, all reinsurance eligible for recapture, under the provisions of this Article, must be recaptured. 5. If there is reinsurance with other reinsurers on risks eligible for recapture, the necessary reduction is to be applied to each company in proportion to the total outstanding reinsurance. 6. The Life Reinsurance rates contained in this Agreement are guaranteed for one year, and the Reinsurer anticipates continuing to accept premiums on the basis of these rates indefinitely. If the Reinsurer deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for yearly renewable term reinsurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.