Common use of Recapture Liability Clause in Contracts

Recapture Liability. After the effective date of recapture, the Reinsurer will not be liable for any reinsured policies or portions of such reinsured policies that were eligible for recapture and were overlooked. The acceptance by the Reinsurer of reinsurance premiums after the effective dates of recapture will not constitute or determine liability on the part of the Reinsurer for such reinsurance and the Reinsurer will be liable only for a refund of the premiums so received, without interest.

Recapture Liability. After the effective date of recapture, the The Reinsurer will not be liable for any reinsured policies or portions of such reinsured policies that were eligible for recapture and were overlooked. The acceptance by the Reinsurer of reinsurance premiums after the effective dates of recapture will not constitute or determine liability on the part of the Reinsurer for such reinsurance and the Reinsurer will be liable only for a refund of the premiums so received, without interest.

Recapture Liability. After On or after the effective date of recaptureRecapture Effective Date, the Reinsurer will not be liable for any reinsured policies Reinsured Policies or portions of such reinsured policies Reinsured Policies that were eligible for recapture and were overlookedoverlooked by the Company. The acceptance by the Reinsurer of reinsurance premiums Reinsurance Premiums after the effective dates of recapture Recapture Effective Date will not constitute or determine establish liability on the part of the Reinsurer for such reinsurance and the Reinsurer will be liable only for a refund of the premiums so received, without interestReinsurance Premiums it has received from the Company.