Flat Extras. On all cessions, the Reinsurer’s proportionate share of any extra premiums payable on account of additional mortality risk shall be payable to the Reinsurer.
Flat Extras. Temporary and permanent flat extras are not used directly for joint coverages; rather, they are converted using an internal table to a substandard table rating.
Flat Extras. The total premium remitted to the Reinsurer will include the Reinsurer’s Proportionate Share of the Flat Extra premium charged the insured. The Reinsurer shall pay an expense allowance as a percentage of the Flat Extra premium as shown below. Permanent Flat Extra premiums are payable as long as the policy is in force. Type of Flat Extra Premium First Year Renewal Temporary (1-5 Years) 20% 20% Permanent (6 Years & Greater) 100% 20%
Flat Extras. The total premium remitted to Munich Re, U.S. (Life) will include the flat extra premium minus the allowances shown below. Type of Flat Extra Premium First Year Renewal Temporary (1-5 years) 25 % 25 % Permanent (6 years & greater) 75 % 25 %
Flat Extras. On all cessions, the due proportion of any extra premiums payable on account of additional mortality risk shall be payable to the Reinsurer.
Flat Extras. The single life YRT rates are adjusted for any flat extras.
Flat Extras. The total premium remitted to the Reinsurer will include the Reinsurer’s Proportionate Share of the Flat Extra premium charged the insured. The Reinsurer shall pay an expense allowance as a percentage of the Flat Extra premium as shown below. Type of Flat Extra Premium First Year Renewal Temporary (1-5 Years) 20% 20% Permanent (6 Years & Greater) 100% 20% Permanent Flat Extras shall not drop off but will apply for the life of the policy. The additional Flat Extra premium paid to the Reinsurer is calculated based on the Reinsured Net Amount at Risk for all universal life policies and the initial reinsured face amount for all other policy types.
Flat Extras. On all cessions, the due proportion of any extra premiums payable on account of additional mortality risk shall be payable to the Reinsurer. The maximum flat extra for Simplified Issues is at $2.50 per 1000 and for Guarantee Issues is at $5.00 per 1000.
Flat Extras. However, in the case of risks bearing permanent or temporary flat extras, as described in Paragraphs 3 and 4 of Article V, Reinsurance Allowances are payable on the Reinsurance Premium Rates provided in Schedule I but are not payable on the additional flat extra mortality charge.
Flat Extras. The total premium remitted to the Reinsurer will include the flat extra premium on the current reinsured risk amount, minus the allowances shown below.
