Common use of REDUCTIONS OR TERMINATIONS Clause in Contracts

REDUCTIONS OR TERMINATIONS. If life insurance on a reinsured policy is reduced, then reinsurance will be reduced proportionately so that the Reinsurer Quota Share, as outlined in Section 1 of Schedule A, remains the same. Any additional amounts ceded in excess of the Ceding Company’s Maximum Dollar Retention Limit will be reduced accordingly to fill the Ceding Company’s Maximum Dollar Retention Limit, outlined in Section 3 or Schedule A. If life insurance on a reinsured policy is terminated, then reinsurance will cease on the date of such termination. Reductions and terminations are permitted only in accord with the Ceding Company’s underlying policy that is in force at the time that the reductions and terminations take place.

REDUCTIONS OR TERMINATIONS. If life insurance on a reinsured policy is reduced, then the Ceding Company will reduce or terminate reinsurance on that life. The reinsured amount on the life with all reinsurers will be reduced proportionately so reduced, effective on the same date, by the amount required such that the Reinsurer Quota Share, as outlined in Section 1 of Schedule A, remains the same. Any additional amounts ceded in excess of the Ceding Company’s Maximum Dollar Retention Limit will be reduced accordingly to fill the Ceding Company’s Company maintains its Maximum Dollar Retention Limit, outlined as set forth in Section 3 or of Schedule A. If life insurance on a reinsured policy is terminated, then reinsurance will cease on the date of such termination. Reductions and terminations are permitted only in accord with when the Ceding Company’s underlying policyholder directs such a reduction or termination of the issuing company policy that is in force at the time that the reductions and terminations take place.