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. The policy has been reinsured under this Agreement and 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. The Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued under this Agreement and in accordance with Schedule I. 4. 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. Special recapture on facultative business may be allowed under mutually agreed upon terms and conditions.

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. The policy reinsurance has been reinsured under this Agreement and 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. The Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued under this Agreement and in accordance with Schedule I.issued. 4. 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. Special recapture on facultative business may be allowed under mutually agreed upon terms and conditions.

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: 1. The policy has been reinsured under this Agreement and 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. The Ceding Company retained its maximum limit of retention for the plan, age and mortality rating at the time the policy was issued under this Agreement and in accordance with Schedule I. 4. 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. Special recapture on facultative business may be allowed under mutually agreed upon terms and conditions.