Common use of Basis of Recapture - (Continued Clause in Contracts

Basis of Recapture - (Continued. Policies will be eligible for recapture under paragraphs b) and c) above when the policy has been in force under this Agreement for the Recapture Period shown in Exhibit C, Section IX (Recapture Period). The recapture period will always be measured from the original policy issue date. Policies will be eligible for recapture under paragraph a) above as of the effective date of the rate increase, regardless of issue date.

Appears in 1 contract

Sources: Novation Agreement (Nassau Life Variable Universal Life Account)

Basis of Recapture - (Continued. Policies will be eligible for recapture under paragraphs b) and c) above when the policy has been in force under this Agreement for the Recapture Period shown in Exhibit C, Section IX (Recapture Period). , The recapture period will always be measured from the original policy issue date. Policies will be eligible for recapture under paragraph a) above as of the effective date of the rate increase, regardless of issue date.

Appears in 1 contract

Sources: Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account)