Common use of Interest Sensitive Products Clause in Contracts

Interest Sensitive Products. For substandard risks issued at table ratings for the Company’s interest sensitive products reinsured hereunder, the [*], outlined in Exhibit D, apply. The appropriate percentage outlined in the tables under Section 1 is used to determine YRTrateunrated, and then the rates are increased by [*] for each table of substandard mortality to adjust for multiple table extras using the following formula: YRTraterated = 1000 × { min[1-(1-YRTrateunrated /1000)multiple rating , 1] } the multiple rating is expressed as a decimal, i.e., if it is a 250% rating, then 2.5 is used.

Appears in 2 contracts

Samples: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B), Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

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Interest Sensitive Products. For substandard risks issued at table ratings for the Company’s interest sensitive products reinsured hereunder, the [*], outlined in Exhibit D, apply. The appropriate percentage outlined in the tables under Section 1 is used to determine YRTrateunrated, and then the rates are increased by [*] for each table of substandard mortality to adjust for multiple table extras using the following formula: YRTraterated = 1000 × x { min[1-(1-YRTrateunrated /1000)multiple rating , 1] } the multiple rating is expressed as a decimal, i.e., if it is a 250% rating, then 2.5 is used.

Appears in 2 contracts

Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A), Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

Interest Sensitive Products. For substandard risks issued at table ratings for the Company’s interest sensitive products reinsured hereunder, the [*], ] outlined in Exhibit D, apply. The appropriate percentage outlined in the tables table under Section 1 section 2 is used to determine YRTrateunrated, and then the rates are increased by [*] twenty-five percent (25%) for each table of substandard mortality to adjust for multiple table extras using the following formula: YRTraterated = 1000 × x { min[1-(1-YRTrateunrated /1000)multiple rating , 1] } the multiple rating is expressed as a decimal, i.e., if it is a 250% rating, then 2.5 is used.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

Interest Sensitive Products. For substandard risks issued at table ratings for the Company’s interest sensitive products reinsured hereunder, the [*], outlined in Exhibit D, apply. The appropriate percentage outlined in the tables under Section 1 is used to determine YRTrateunrated, and then the rates are increased by [*] for each table of substandard mortality to adjust for multiple table extras using the following formula: YRTraterated = 1000 × x { min[1-(1-YRTrateunrated /1000)multiple rating , 1] } the multiple rating is expressed as a decimal, i.e., if it is a 250% rating, then 2.5 is used.

Appears in 1 contract

Samples: Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

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Interest Sensitive Products. For substandard risks issued at table ratings for the Company’s interest sensitive products reinsured hereunder, the [*], outlined in Exhibit D, apply. The appropriate percentage outlined in the tables table under Section 1 section 2 is used to determine YRTrateunrated, and then the rates are increased by [*] twenty-five percent (25%) for each table of substandard mortality to adjust for multiple table extras using the following formula: YRTraterated = 1000 × x { min[1-(1-YRTrateunrated /1000)multiple rating , 1] } the multiple rating is expressed as a decimal, i.e., if it is a 250% rating, then 2.5 is used.

Appears in 1 contract

Samples: Yearly Renewable Term Reinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account A)

Interest Sensitive Products. For substandard risks issued at table ratings for the Company’s interest sensitive products reinsured hereunder, the [*], outlined in Exhibit D, apply. The appropriate percentage outlined in the tables under Section 1 is used to determine YRTrateunrated, and then the rates are increased by [*] for each table of substandard mortality to adjust for multiple table extras using the following formula: YRTraterated = 1000 × { min[1-(1-YRTrateunrated /1000)multiple rating , 1] } the multiple rating is expressed as a decimal, i.e., if it is a 250% rating, then 2.5 is used.

Appears in 1 contract

Samples: Reinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account B)

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