Common use of POLICY TERMINATION Clause in Contracts

POLICY TERMINATION. REFUNDS: The Reinsurer will refund any unearned reinsurance premiums. However, policy fees, if any, will be deemed earned for a policy year if the policy is reinsured during any portion of that policy year. ------------------------------------------------------------------------------------------------------------------------------------ SCOPE, ARTICLE III: ------------------------------------------------------------------------------------------------------------------------------------ 1. CURRENCY: United States Dollars ("US$") 2. BASIS OF REINSURANCE: Yearly Renewable Term

POLICY TERMINATION. REFUNDS: The Reinsurer will refund any unearned ---------------------------- reinsurance premiums. However, policy fees, if any, will be deemed earned for a policy year if the policy is reinsured during any portion of that policy year. ------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------------- SCOPE, ARTICLE III: -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. CURRENCY: United States Dollars ("US$") 2. BASIS OF REINSURANCE: Yearly Renewable Term) ---------

POLICY TERMINATION. REFUNDS: The Reinsurer will refund any unearned REFUNDS: reinsurance premiums. However, policy polic fees, if any, will be deemed earned for a policy year if the policy is reinsured during any portion of that policy year. ------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------------- SCOPE, ARTICLE III: -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. RETENTION OF THE CEDING See Schedule II, Retention COMPANY: 2. CURRENCY: United States Dollars ("US$") 2) 3. BASIS OF REINSURANCETHE REINSURER'S SHARE : Yearly Renewable TermExcess of Ceding Company's Retention

POLICY TERMINATION. REFUNDS: The Reinsurer will refund any unearned reinsurance premiums. However, policy fees, if any, will be deemed earned for a policy year if the policy is reinsured during any portion of that policy year. ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------- SCOPE, ARTICLE III: ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. CURRENCY: United States Dollars ("US$") 2. BASIS OF REINSURANCE: Yearly Renewable Term

POLICY TERMINATION. REFUNDS: The Reinsurer will refund any unearned reinsurance premiums. However, policy fees, if any, will be deemed earned for a policy year if the policy is reinsured during any portion of that policy year. ------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------------- SCOPE, ARTICLE III: -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. CURRENCY: United States Dollars ("US$") 2. BASIS OF REINSURANCE: Yearly Renewable Term