Mortality Rating Changes Clause Samples

The Mortality Rating Changes clause defines how adjustments to mortality ratings are handled within an insurance or reinsurance agreement. Typically, this clause outlines the circumstances under which the mortality assumptions used to price or administer a policy may be revised, such as in response to updated actuarial data or changes in the insured population's risk profile. By specifying the process for implementing these changes, the clause ensures that both parties have a clear understanding of how future shifts in mortality expectations will affect premiums, benefits, or reserves, thereby managing financial risk and maintaining fairness in the contract.
Mortality Rating Changes. On Facultative Reinsurance, if the Ceding Company wishes to reduce the mortality rating or otherwise improve the risk class, such change will be subject to the Reinsurer's approval. On Automatic Reinsurance, the Reinsurer will accept this change if the change qualifies under the underwriting practices and guidelines described in Schedules C, D, or E, as applicable. Allocated Retention Pool -- Effective 10/1/2008 Between HLIC and Swiss Re
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Mortality Rating Changes. If the Ceding Company wishes to reduce the mortality rating or otherwise improve the risk class, the Reinsurer shall accept this change if the change qualifies under the underwriting practices and guidelines described in Schedules C, D, or E, as applicable.
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Related to Mortality Rating Changes

  • Staffing Changes The Director’s prior written approval is required for the Consultant to remove, replace or add to any of its staffing identified in Attachment B of an Approved Service Order.

  • Benchmark Replacement Conforming Changes In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

  • Deferral Pending Change in Control The obligation of the Company to prepay Notes pursuant to the offers required by subparagraph (b) and accepted in accordance with subparagraph (d) of this Section 8.7 is subject to the occurrence of the Change in Control in respect of which such offers and acceptances shall have been made. In the event that such Change in Control does not occur on the Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until and shall be made on the date on which such Change in Control occurs. The Company shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are expected to occur, and (iii) any determination by the Company that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.7 in respect of such Change in Control shall be deemed rescinded).

  • Conforming Changes In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

  • Term SOFR Conforming Changes In connection with the use or administration of Term SOFR, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.