PERCENTAGE REINSURED Clause Samples
The Percentage Reinsured clause defines the proportion of risk or liability that the reinsurer agrees to assume from the original insurer under a reinsurance agreement. In practice, this clause specifies a fixed percentage—such as 50% or 80%—of each policy or portfolio covered, meaning the reinsurer will pay that share of claims and receive the same share of premiums. This arrangement allows both parties to clearly allocate risk and financial responsibility, ensuring transparency and predictability in the sharing of losses and profits.
PERCENTAGE REINSURED. Policies and supplemental benefits reinsured automatically shall be those plans shown above on which the Ceding Company's insured's surname begins with the letters A-Z inclusive. For these policies and benefits, Security Life will automatically reinsure 50% of the excess over the Ceding Company's Retention Limits as shown in number 2 to this Amendment. The effective date of this Amendment is May 1, 1987. LIFE OF VIRGINIA SECURITY LIFE OF DENVER INSURANCE COMPANY INSURANCE COMPANY By /s/ Illegible By /s/ Illegible ----------------------------------- ------------------------------------ Title __ V.P. Title Second Vice President Date 8-3-87 Date July 28, 1987
PERCENTAGE REINSURED. Policies and supplemental benefits reinsured automatically shall be those plans shown above on which the Ceding Company's insured's surname begins with the letters A-Z inclusive. For these policies and bebefits, Security Life will automatically reinsure 50% of the excess over the Ceding Company's Retention Limits as shown in number 2 to this Amendment. The effective date of this Amendment is May 1, 1987. LIFE OF VIRGINIA SECURITY LIFE OF DENVER INSURANCE COMPANY INSURANCE COMPAN By /s/ Illegible By /s/ Illegible ----------------------------------- ------------------------------------ Title __ V.P. Title 2nd VP-Reinsurance Date 7-17-87 Date July 2, 1987 FNS MEDICAL PROJECTED AGE [x] [x+1] [x+2] [x+3] [x+4] [x+5] [x+6] [x+7] --- -------- -------- -------- -------- -------- -------- -------- -------- 21 0.000429 0.000471 0.000494 0.000474 0.000459 0.000428 0.000433 0.000429 22 0.000409 0.000452 0.000471 0.000462 0.000446 0.000425 0.000422 0.000417 23 0.000399 0.000438 0.00046_ 0.000453 0.000443 0.000424 0.000420 0.000419 24 0.000382 0.000422 0.000448 0.000449 0.000442 0.000428 0.000422 0.000426 25 0.000370 0.000405 0.000437 0.000443 0.000445 0.000435 0.000434 0.000444 26 0.000359 0.000393 0.000424 0.000434 0.000446 0.000446 0.000451 0.000463 27 0.000359 0.000386 0.000415 0.000435 0.000453 0.000464 0.000477 0.000493 28 0.000370 0.000396 0.000423 0.000448 0.000471 0.000491 0.000509 0.000538 29 0.000387 0.000410 0.000437 0.000468 0.000500 0.000525 0.000556 0.000592 30 0.000408 0.000437 0.000469 0.000498 0.000536 0.000575 0.000608 0.000656 31 0.000418 0.000457 0.000488 0.000526 0.000567 0.000612 0.000656 0.000713 32 0.000427 0.000471 0.000511 0.000553 0.000601 0.000652 0.000714 0.000782 33 0.000426 0.000480 0.000529 0.000584 0.000643 0.000706 0.000779 0.000852 34 0.000421 0.000489 0.000552 0.000618 0.000692 0.000766 0.000845 0.000927 35 0.000422 0.000503 0.000578 0.000663 0.000744 0.000828 0.000912 0.001_06 36 0.000417 0.000514 0.000605 0.000700 0.000794 0.000882 0.000980 0.001082 37 0.000426 0.000533 0.000638 0.000746 0.000848 0.000946 0.001051 0.001164 38 0.000442 0.000563 0.000685 0.000800 0.000911 0.001014 0.001126 0.001254 39 0.000466 0.000606 0.000735 0.000858 0.000973 0.001088 0.001210 0.001350 40 0.000495 0.000650 0.000790 0.000924 0.001042 0.001162 0.001299 0.001451 41 0.000530 0.000702 0.000863 0.001006 0.001134 0.001268 0.001412 0.001571 42 0.000564 0.000757 0.000930 0.001086 0.001232 0.001376 0.001529 0.001699 43 0.000597 0.000805 0.000995 0.001169 0....