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.
Appears in 2 contracts
Sources: Reinsurance Agreement (Colonial Separate Account D), Reinsurance Agreement (Chubb Separate Account C)