Common use of Method of Recapture Clause in Contracts

Method of Recapture. You will give us written notice of your intention to recapture within ninety days of the effective date of your retention increase. If you elect to recapture at a later date, you will give us additional written notice before you begin the recapture. When you have given us written notice of your intent to recapture, and the date that the recapture will begin: a) All eligible policies as described in Exhibit A will be recaptured; b) Reinsurance will be reduced on the next anniversary date of each eligible policy; c) Reinsurance on each eligible policy will be reduced by an amount that will increase your retention to the current limit set forth in Exhibit A. d) If there is reinsurance in force in other companies on any one insured life, the reduction of the reinsurance in force under this Agreement will be in the same proportion that the amount reinsured with us bears to the total reinsurance on the life. If you omit or overlook the recapture of any eligible policy or policies, our acceptance of reinsurance payments after the date the recapture would have taken place will not cause us to be liable for the amount of the risk that would have been recaptured. We will be liable only for a refund of reinsurance payments received, without interest. If your retention increase is due to your purchase by or purchase of another company, or your merger, assumption or any other affiliation with another company, no immediate recapture will be allowed. However, you may recapture eligible policies once the Recapture Period set out in Exhibit C, Section IX. has expired.

Method of Recapture. You will If we give us you written notice of your our intention to recapture due to an increase in our retention limits, we will do so within ninety days of the effective date of your our retention limits increase. If you However, the prior sentence not withstanding, we may elect to recapture at a later date, provided we give you will give us additional written notice before you we begin the recapture. When you we have given us you written notice of your our intent to recapture, and the date that we will begin the recapture will beginprocess of recapture: a) All eligible policies as described in Exhibit A will be recaptured; b) Reinsurance The effective date of the recapture will be reduced on the next anniversary date of each eligible policy; c) Reinsurance on each eligible policy will be reduced by an amount that will increase your our retention to the current limit set forth in Exhibit A.A; d) If there is reinsurance in force in other companies on any one insured life, the reduction of the reinsurance in force under this Agreement will be in the same proportion that the amount reinsured with us you bears to the total reinsurance on the lifelife in the same proportion that each reinsurer's original percentage bore to the total percentage reinsured. If you we omit or overlook the recapture of any eligible policy or policies, our your acceptance of reinsurance payments premiums after the date the recapture would have taken place will not cause us you to be liable for the amount of the risk that would have been recaptured. We You will be liable only for a to refund of any such reinsurance payments premiums received, without interest. If your our retention limits increase is due to your our purchase by or purchase of another company, or your our merger, assumption or any other affiliation with another company, no immediate recapture will be allowed. However, you we may recapture eligible policies once the Recapture Period set out in Exhibit C, Section IX. C has expired.

Method of Recapture. You The Ceding Company will give us the Reinsurer written notice of your its intention to recapture within ninety (90) days of the effective date of your the retention increase. If you elect the Ceding Company elects to recapture at a later date, you it will give us the Reinsurer additional written notice before you begin beginning the recapture. When you have the Ceding Company has given us the Reinsurer written notice of your intent to recapture, and the date that the recapture will begin: a) All eligible policies as described in Exhibit A will be recaptured; b) Reinsurance will be reduced on the next anniversary date of each eligible policy; c) Reinsurance on each eligible policy will be reduced by an amount that will increase your the Ceding Company’s retention to the then current limit set forth in Exhibit A.A, as amended. d) If there is reinsurance in force in with other companies reinsurers on any one insured life, the reduction of the reinsurance in force under this Agreement will be in the same proportion that the amount reinsured with us the Pool Reinsurers bears to the total reinsurance coverage on the life. , if the other reinsurance is eligible for recapture at the same time; If you omit the Ceding Company omits or overlook overlooks the recapture of any eligible policy or policies, our the acceptance of reinsurance payments by the Reinsurer after the date the recapture would have taken place will not cause us the Reinsurer to be liable for the amount of the risk that would have been recaptured. We The Reinsurer will be liable only for a refund of excess reinsurance payments received, without interest. If your the Ceding Company’s retention increase is due to your its purchase by or purchase of another company, or your its merger, assumption or any other affiliation with another company, no immediate recapture will be allowed. However, you the Ceding Company may recapture eligible policies once the Recapture Period set out in Exhibit C, Section IX9. has expired.