Net Retention. The Ceding Company shall retain net for its own account and unreinsured at least [Redacted] of the Net Statutory Reserves associated with each Reinsured Policy, provided that reinsurance with an Affiliate including a Protected Cell of Seneca Reinsurance Company, LLC in which the capital and surplus is contributed or otherwise supplied by an Affiliate of the Ceding Company, shall be treated as net for the Ceding Company’s own account and unreinsured for purposes of this Section 2.09.
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Net Retention. The Ceding Company shall retain net for its own account and unreinsured at least [Redacted***] percent ([***]%) of the Net Statutory Reserves associated with each Reinsured Policy, provided that reinsurance with an Affiliate Affiliate, including a Protected Cell of Seneca Reinsurance Company, LLC in which the capital and surplus is contributed or otherwise supplied by an Affiliate of the Ceding Company, shall be treated as net for the Ceding Company’s own account and unreinsured for purposes of this Section 2.09. .
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Sources: Funds Withheld Coinsurance and Modified Coinsurance Agreement (Midwest Holding Inc.)