Retention Level definition

Retention Level. Amount of risk retained by the Ceding Company. Amounts in excess of the Retention Level are ceded to the reinsurers. Underwriting Guidelines: The guidelines or standards that outline standards of practice and procedures for the appraisal and assumption of Group Life insurance risk, specifically addressed in Schedule F (F-1 and F-2). Issuing Companies: Policies issued by the MML Bay State Life Insurance Company of Hartford, Connecticut, C.M. Life Insurance Company of Hartford, Connecticut, or Massachusetts Mutual Life Insurance Company of Springfield, Massachusetts, may be reinsured under this Agreement. only under this Agreement. . . under this Agreement, above.
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Examples of Retention Level in a sentence

  • Neither the Shareholder nor its affiliates shall have any liability to the Company or the Management Subsidiary for any Insured Losses to the extent such Insured Losses (a) are within the applicable Retention Level for the particular company or (b) exceed the applicable Retention Level for the Shareholder and its affiliates.

  • In addition, the Shareholder and its affiliates shall have no liability to the Buyer, the Company or the Management Subsidiary for any Loss which would not be covered by the insuring terms and conditions of the applicable Policy, assuming a Retention Level for the Shareholder and its affiliates of zero.

  • The Retention Level Percentage (“RLP”) shall be measured at a project level on a monthly basis on the last day of every month and added to the Year-to-date percentages on the project.

  • Riparian Management Zone Strategies for all classes of streams, wetlands and lakes: Retention Level 20% to 100% of the pre-harvest basal area >12.5cm dbh within the RMZ will be retained.