Retention Limits definition

Retention Limits has the meaning assigned to such term in Exhibit E.
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Retention Limits. For High Net Worth Policy Forms (as defined under PLANS COVERED): STANDARD - TABLE H TABLE I TO P ISSUE AGES & FLAT EXTRAS OF $20 OR LESS & FLAT EXTRAS OVER $20 ---------- ---------------------------- ---------------------- 0 50,000 25,000 1-70 250,000 125,000 71-80 125,000 62,500 81-90 50,000 0 Retention: 2.5% up to the maximum retention limit form the above table. AUTOMATIC BINDING LIMITS: The Automatic Portion Reinsured will remain unchanged except for the plans identified as High Net Worth Policy Forms (as defined under PLANS COVERED). The Reinsurer will automatically reinsure 10% of each High Net Worth risk on a first dollar quota share basis, up to the Ceding Company's retention limit as amended below. For High Net Worth Policy Forms: ISSUE AGES TO THE POOL TO THE REINSURER ---------- ----------- ---------------- 0 2,000,000 200,000 1-70 10,000,000 1,000,000 71-80 5,000,000 500,000 81-90 2,000,000 200,000 PLANS COVERED: High Net Worth Policy Forms: New York Group Certificate No.: 1029-94NY-R Group Certificate No.: 1037-99GRC Individual Contract No.: 1039-99 (including state specific abbreviation)
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Retention Limits. For policies with amounts of $10MM or less, the amounts as shown below per policy. For policies with amounts greater than $10MM, the amounts as shown below per life.
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Examples of Retention Limits in a sentence

  • These maximum retention limits as of the effective date of this Agreement are equal to the amounts shown in the Risk Retention Limits table shown in Schedule A.

  • A change to the Company's Retention Limits in Exhibit D will not affect the Reinsured Policies in force at the time of such a change except as specifically provided for elsewhere in this Agreement.

  • Changes to the Company’s Retention Limits in Exhibit D will not affect the Reinsured Policies in force at the time of such a change except as specifically provided for elsewhere in this Agreement, and will not affect the Automatic Acceptance Limits in Exhibit E unless mutually agreed in writing by the Company and the Reinsurer.

  • In applying its increased Retention Limits 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.

  • Changes to the Company's Retention Limits in Exhibit D will not affect the Reinsured Policies in force at the time of such a change except as specifically provided for elsewhere in this Agreement, and will not affect the Automatic Acceptance Limits in Exhibit E unless mutually agreed in writing by the Company and the Reinsurer.

  • The retention limits of the Ceding Company as of the effective date of this Agreement are shown in Schedule I – Retention Limits.

  • On all policies eligible for recapture, reinsurance will be reduced by the amount necessary to increase the total insurance retained up to the new Maximum Dollar Retention Limits.

  • Upon a change in the Retention Limits, the reinsurance under this Agreement shall be maintained in force without reduction except as specifically provided for elsewhere in this Agreement.

  • The Company may change its Retention Limits for the purposes of this Agreement on new business being issued at any time by giving prior written notice to the Reinsurer of the new Retention Limits and the effective date of the new Retention Limits schedule.

  • If the net amount at risk on a reinsured policy drops below the Ceding Company's limit of retention as defined in Exhibit A - Retention Limits of the Ceding Company, then the Ceding Company will terminate the reinsurance on the policy.