Common use of Method of Recapture Clause in Contracts

Method of Recapture. We will give you written notice of our intention to recapture and the effective date that the recapture will occur. If the basis for recapture is other than a rate increase, as described in paragraph 1.a) above, such notice will be at least ninety days prior to the effective date. If we elect to recapture all business reinsured under this Agreement, as described in paragraphs 1.a) or 1 .b) above, all reinsurance will be terminated as of the effective date. If recapture is the result of an increase in our quota share percentage, as described in paragraph 1.c), the risk reinsured will be reduced proportionately as of the effective date. If we omit or overlook the recapture of any eligible policy or policies, your acceptance of reinsurance payments after the date the recapture would have taken place will not cause you to be liable for the amount of the risk that would have been recaptured. You will be liable only for a refund of reinsurance payments received, without interest.

Method of Recapture. We will give you written notice of our intention to recapture and the effective date that the recapture will occur. If the basis for recapture is other than a rate increase, as described in paragraph 1.a1 .a) above, such notice will be at least ninety days prior to the effective date. If we elect to recapture all business reinsured under this Agreement, as described in paragraphs 1.al.a) or 1 .bl.b) above, all reinsurance will be terminated as of the effective date. If recapture is the result of an increase in our quota share percentage, as described in paragraph 1.c1 x), the risk reinsured will be reduced proportionately as of the effective date. If we omit or overlook the recapture of any eligible policy or policies, your acceptance of reinsurance payments after the date the recapture would have taken place will not cause you to be liable for the amount of the risk that would have been recaptured. You will be liable only for a refund of reinsurance payments received, without interest.

Method of Recapture. We will give you written notice of our intention to recapture and the effective date that the recapture will occur. If the basis for recapture is other than a rate increase, as described in paragraph 1.a) above, such notice will be at least ninety days prior to the effective date. If we elect to recapture all business reinsured under this Agreement, as described in paragraphs 1.a) or 1 .b1.b) above, all reinsurance will be terminated as of the effective date. If recapture is the result of an increase in our quota share percentage, as described in paragraph 1.c1 .c), the risk reinsured will be reduced proportionately as of the effective date. If we omit or overlook the recapture of any eligible policy or policies, your acceptance of reinsurance payments after the date the recapture would have taken place will not cause you to be liable for the amount of the risk that would have been recaptured. You will be liable only for a refund of reinsurance payments received, without interest.

Method of Recapture. We will give you written notice of our intention to recapture and the effective date that the recapture will occur. If the basis for recapture is other than a rate increase, as described in paragraph 1.a1 .a) above, such notice will be at least ninety days prior to the effective date. If we elect to recapture all business reinsured under this Agreement, as described in paragraphs 1.a1 .a) or 1 .b) above, all reinsurance will be terminated as of the effective date. If recapture is the result of an increase in our quota share percentage, as described in paragraph 1.c1 .c), the risk reinsured will be reduced proportionately as of the effective date. If we omit or overlook the recapture of any eligible policy or policies, your acceptance of reinsurance payments after the date the recapture would have taken place will not cause you to be liable for the amount of the risk that would have been recaptured. You will be liable only for a refund of reinsurance payments received, without interest.