Automatic Cessions. The recapture will be effected through a proportional increase in Cedent's Automatic Retained Percentage, defined in Article II Section 8. The increase in the Automatic Retained Percentage will be proportionate to the increase in Cedent's Retention Limit for the corresponding issue ages.
Appears in 6 contracts
Samples: Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I), Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I), Automatic (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)
Automatic Cessions. The recapture will be effected through a proportional increase in Cedent's ’s Automatic Retained Percentage, defined as shown in Article II Section 8. Schedule A. The increase in the Automatic Retained Percentage will be proportionate to the increase in Cedent's ’s Corporate Retention Limit for the corresponding issue ages.
Appears in 1 contract
Samples: Reinsurance Agreement (New York Life Ins & Annuity Corp Var Univ Life Sep Acc I)
