INCREASE IN RETENTION. 1. The Reinsured may increase its limit of retention and may elect, subject to the provisions of this article, to continue the reinsurance in force under this Agreement without change, or to reduce all eligible reinsurance in force under this Agreement as set forth below. The increased limit of retention shall be effective with respect to reinsurance which is placed in effect on or after the effective date of the increase subsequent to the Reinsured providing written notice to the Reinsurer of such increase and of its election to either continue or reduce reinsurance on in force business.
Appears in 13 contracts
Samples: Automatic Yrt Agreement (MML Bay State Variable Life Separate Account I), Automatic Yrt Agreement (C M Life Variable Life Separate Account I), Automatic Yrt Agreement (C M Life Variable Life Separate Account I)
INCREASE IN RETENTION. 1. The Reinsured may increase its limit of retention and may elect, subject to the provisions of this article, to continue the reinsurance in force under this Agreement without change, or to reduce all eligible reinsurance in force under this Agreement as set forth below. The increased limit of retention shall be effective with respect to reinsurance which is placed in effect on or after the effective date of the increase subsequent to the Reinsured providing written notice to the Reinsurer of such increase and of its election to either continue or reduce reinsurance on in force business.. [page break]
Appears in 1 contract
Samples: Automatic Yrt Agreement (C M Life Variable Life Separate Account I)
