FLAT EXTRA PREMIUMS Clause Samples
The "Flat Extra Premiums" clause defines an additional fixed charge added to the standard insurance premium, typically to account for increased risk associated with specific circumstances or characteristics of the insured. This extra premium is usually a set dollar amount per $1,000 of coverage and is often applied in cases such as hazardous occupations, risky hobbies, or certain health conditions. By specifying a flat extra premium, insurers can cover higher-than-average risks without altering the base premium structure, ensuring that the policy remains viable while addressing unique risk factors.
FLAT EXTRA PREMIUMS. If CEDING COMPANY's policy is issued with a flat extra premium, the reinsurance premiums shown in Schedule B will apply.
FLAT EXTRA PREMIUMS. 5 e. RATES NOT GUARANTEED.......................................... 5
FLAT EXTRA PREMIUMS. The total premium remitted to the reinsurer will include the flat extra premium minus a % allowance.
FLAT EXTRA PREMIUMS. The premium will be increased by any flat extra premium charged the insured on the face amount initially reinsured, less total allowances as shown below:
FLAT EXTRA PREMIUMS. If FORTIS BENEFITS policy is issued with a flat extra premium, the reinsurance premiums shown in Schedule B will apply.
FLAT EXTRA PREMIUMS. For reinsurance of substandard risks for which a flat extra premium is charged, the Ceding Company shall pay to the Reinsurer the sum of:
a. The premiums for the amount at risk as determined in item 1. above, and
b. The flat extra premium collected by the Ceding Company on the portion of the face amount reinsured in the Reinsurer, less allowances as described in Exhibit C.
FLAT EXTRA PREMIUMS. The total premium remitted to the reinsurer will include the flat extra premium minus the allowances shown in the table below: Term of Flat Extra Premium Year 1 Years 2+ ------------------ ------ -------- 0-5 years __% __% 6+ years __% __%
FLAT EXTRA PREMIUMS. The premium will be increased by any flat extra premium charged the insured on the face amount initially reinsured, less total allowances as shown below: Portions marked [***] have been omitted pursuant to a Confidential Treatment Request by Symetra Financial Corp., this information has been filed separately with the Securities and Exchange Commission.
FLAT EXTRA PREMIUMS. The flat extra premium will be the annual flat premium which the Ceding Company charges the policy owner on that amount of insurance reinsured less the following allowances on all products: Duration of Flat Extra First Year Years 2 + ---------------------- ----------- --------- 5 Years or less 10% 10% More than 5 Years 85% 10%
FLAT EXTRA PREMIUMS. If the Ceding Company's policy is issued with a flat extra premium, the coinsurance premiums shown in Section 1 of Schedule B will apply.