Ceding Sample Clauses

Ceding. COMPANY A company which transfers all or part of the insurance it has written to another company.

Ceding. The CEO may not totally or partially cede the obligations and responsibilities assumed through this CONTRACT to a third party.

Ceding. The VMDP may not totally or partially cede the obligations and responsibilities assumed through this CONTRACT to a third party.

Ceding. Subject to the terms and conditions of this Agreement, the Company hereby cedes to Reinsurer and Reinsurer hereby reinsures one hundred percent (100%) of the Policy Obligations. Except for the Policy Obligations, the Company shall continue to have all liabilities not specifically reinsured by the Reinsurer hereunder, including any liabilities relating to any agreements or commitments issued in connection with the Policies which are not recognized or reserved for on the books of the Company, or arising out of the marketing, servicing or other relationships between the Company and any person, agent or entity, and the Company shall indemnify the Reinsurer and hold the Reinsurer harmless from all liabilities and costs incurred by the Reinsurer in respect to claims or litigation involving any such liabilities not specifically reinsured by the Reinsurer hereunder, as more fully set forth in Article XIV below.

Ceding. Subject to the terms and conditions of this Agreement, the Company hereby cedes to Reinsurer and Reinsurer hereby reinsures Ninety Three and Sixty Hundredths percent (93.60%) (the "Reinsurer's Portion") of the Policy Obligations. The portion of the Policy Obligations not reinsured is sometimes referred to herein as the "Company's Portion" and the numerical relationship (93.60/6.40) is sometimes referred to herein as the "Coinsurance Ratio." (Referring to Section 14.4 below, in the event the Company assumes the South Texas Bankers Policies, the Coinsurance Ratio shall change, retroactive to the Effective Date, in accordance with Section 14.4 below.) Apart from the Policy Obligations allocated between the Reinsurer and the Company in accordance with the Coinsurance Ratio, the Company shall continue to have all liabilities not specifically reinsured by the Reinsurer hereunder, including any liabilities relating to pre-need contracts issued in connection with the Policies, and the Company shall indemnify the Reinsurer and hold the Reinsurer harmless from all liabilities not specifically reinsured by the Reinsurer hereunder, including any costs incurred by the Reinsurer in respect to claims or litigation involving any such liabilities not specifically reinsured by the Reinsurer hereunder.

Ceding. 20.1 Neither party shall not be entitled to cede any of its rights or delegate any of its obligations in terms of this Agreement and/or any Workorder without the prior written consent of the other party.

Ceding. The client is not entitled to assign claims and rights out of this contractual obligation without our written consent.

Ceding. 15.1. The Customer may not cede, in whole or in part, any of its rights or obligations under the Agreement, without the prior expresses written consent of BI. 15.2. By accepting the Agreement, the Customer expressly authorizes BI to cede, in whole or in part, any of its rights or obligations under the Agreement to any company in its group of companies.

Ceding. COMPANY A company which transfers all or part of the insurance it has written to another company. 8. REINSURER A company which assumes all or part of the insurance written by another company. 9. RISK Insurance on an individual life. 10. SUBSEQUENT The smallest amount of reinsurance permitted after MINIMUM AMOUNT the inception of the reinsurance transaction. 11. POINT-IN-SCALE Reinsurance premiums are based on the issue age and duration of the original reinsured policy. 12. NET AMOUNT AT RISK For term insurance, the full face amount of the term policy. EXHIBIT I PREMIUM RATES 1. Reinsurance premiums under this Agreement shall be payable on the annual basis regardless of how the Ceding Company receives premiums from its insured. 2. LIFE - STANDARD & SUBSTANDARD TABLE EXTRA PREMIUMS The reinsurance premiums for the plans listed in Schedule A will be the appropriate rates in this Exhibit, less the allowances stated in Exhibit II. The Other Insured Rider will use the appropriate rates based on duration of the rider. The substandard table extra premium shall be an additional 25% per table rating of the rates set forth in this Exhibit, less the allowances stated in Exhibit II. FLAT EXTRA PREMIUMS The flat extra premium shall be the annual flat extra premium which the Ceding Company charges its insured on that amount of the insurance reinsured less the allowances stated in Exhibit II. CUNA Mutual Life Insurance Company MEMBERS Level - 10 2000 ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ $▇,▇▇▇ Male, Band 2 : $100,000-$249,999 Add $50 Policy Fee 10 11 12 13 14 15 16 0.76 0.90 1.16 1.62 2.17 17 0.76 0.90 1.16 1.62 2.17 18 0.76 0.90 1.16 1.62 2.17 19 0.76 0.90 1.16 1.62 2.17 20 0.76 0.90 1.16 1.62 2.17 21 0.74 0.88 1.13 1.58 2.11 22 0.72 0.86 1.10 1.53 2.04 23 0.70 0.83 1.07 1.49 1.98 24 0.69 0.81 1.04 1.44 1.92 25 0.67 0.79 1.01 1.40 1.86 26 0.66 0.78 0.99 1.38 1.84 27 0.65 0.77 0.98 1.37 1.82 28 0.65 0.76 0.98 1.37 1.82 29 0.65 0.76 0.98 1.38 1.83 30 0.65 0.76 0.98 1.40 1.86 31 0.65 0.76 0.99 1.42 1.88 32 0.65 0.77 1.00 1.44 1.91 33 0.66 0.78 1.01 1.47 1.96 34 0.67 0.79 1.04 1.52 2.03 35 0.69 0.82 1.08 1.60 2.14 36 0.72 0.86 1.14 1.71 2.29 37 0.77 0.92 1.22 1.84 2.47 38 0.81 0.98 1.31 2.00 2.68 39 0.87 1.05 1.40 2.17 2.91 40 0.92 1.12 1.50 2.35 3.16 41 0.98 1.19 1.60 2.54 3.41 42 1.04 1.27 1.71 2.74 3.67 43 1.10 1.35 1.82 2.95 3.96 44 1.17 1.44 1.95 3.19 4.27 45 1.25 1.54 2.09 3.44 4.61 46 1.34 1.65 2.25 3.71 4.97 47 1.44 1.77 2.41 3.99 5.36 48 1.55 1.91 2.60 4.30 5.77 49 1.67 2....