Basis of Recapture. Recapture will be allowed under this Agreement only in the following circumstances: a) You elect to increase the premium rates shown in Exhibit C, as discussed in Article V (Reinsurance Rates and Payments; or b) We elect to recapture all business reinsured under this Agreement; or c) We increase our quota share percentage shown in Exhibit A.
Appears in 2 contracts
Sources: Novation Agreement (Nassau Life Variable Universal Life Account), Automatic Reinsurance Agreement (Nassau Life Variable Universal Life Account)