Retrocession. Except for reinsurance agreements under Collateral Facilities, the Reinsurer may not retrocede more than twenty five percent (25%) of the risks ceded pursuant to this Agreement without the prior written consent of the Ceding Company. For the avoidance of doubt, any such retrocession by the Reinsurer shall not modify or otherwise limit the Reinsurer’s obligations under this Agreement or the Trust Agreement.
Appears in 3 contracts
Sources: Reinsurance Agreement (VARIABLE ANNUITY ACCOUNT B OF VOYA RETIREMENT INSURANCE & ANNUITY Co), Reinsurance Agreement (Select Life Variable Account), Reinsurance Agreement (Select Life Variable Account)