Retention Limit definition

Retention Limit means, unless otherwise stated in the Key Information Table: prior to the Commercial Operation Date, ten percent (10%) of the Price; on and from the Commercial Operation Date until the date of the Final Acceptance Certificate, five percent (5%) of the Price.

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Retention Limit shall have the meaning set forth in Section 4(h).

Retention Limit shall have the meaning set forth in Section 9.3(a)(i).

Examples of Retention Limit in a sentence

The Ceding Company may increase the percentage used to determine its Retained Share under this Agreement, its Per Life Retention Limit, or both.
If the Company changes its retention limit (hereinafter “Retention Limit”), it will provide the Reinsurer with written notice of the new Retention Limit at least 90 days prior to the effective date.
The Per Life Retention Limit applies to risk retained by the Ceding Company regardless of whether the policies on the life are reinsured on an automatic or facultative basis.
If the Company decreases its Retention Limit, no reinsurance may be ceded on an automatic basis until the parties have reviewed and either expressly affirmed or revised the terms specified in Exhibit C-1 and the Automatic Acceptance Limits set out in Exhibit E.
In determining whether the Per Life Retention Limit has been reached for any insured life, retained amounts on all in force single life coverages (and one-half of the retained amounts on joint life coverages) issued by the Ceding Company, except for the VUL III plan, will be added together to determine the Ceding Company's available retention for policies reinsured under this Agreement; such retained amounts to be determined based on records maintained by the Ceding Company.
In applying its increased Retention Limit to Reinsured Policies, the age and mortality rating at the time of issue will be used to determine the amount of the Company’s increased retention.
Amounts in excess of the Per Life Retention Limit are factored into the calculation of Retained Share as explained below.
CEDING COMPANY will retain an agreed upon Facultative Share of the Specified Amount on a particular policy or rider, up to its per policy Retention Limit of [dollar amount].
In applying its increased Retention Limit to Reinsured Policies, the age and mortality rating at the time of issue will be used to determine the amount of the Company's increased retention.
Recapture of reinsurance will not be allowed on any policy for which the Ceding Company did not keep its Maximum Dollar Retention Limit at issue.

More Definitions of Retention Limit

Retention Limit means the maximum amount of insurance that an insurance company will retain at its own risk on a single life or risk in the classes of insurance.

Retention Limit means the amount of an Insurance Policy's benefits that Ceding Company will not cede to Reinsurer. For each Insurance Policy reinsured on an automatic basis, the Retention Limit is specified in Exhibit A. For each Insurance Policy reinsured on a facultative basis, the Retention Limit will be determined by mutual agreement of the Parties.