Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to the North American Re the portion of the initial risk amount in excess of its retention thereafter, the Ceding Company and the North American Re shall keep the same proportionate shares of the risk amount developed each month.
Plan of Reinsurance. This indemnity reinsurance will be on a ------------------- modified-coinsurance basis. The Ceding Company will retain, control and own all assets held in relation to the Modified Coinsurance Reserve.
Plan of Reinsurance. This indemnity reinsurance is a combination of coinsurance and modified coinsurance. The Ceding Company will retain, control and own all assets held in relation to the Modified Coinsurance Reserve as defined in Schedule B.
Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The reinsured risk amount on the policy reinsured shall be calculated annually and shall be equal to the death benefit less the cash value less the Company's retention.
Plan of Reinsurance. This indemnity reinsurance is on a coinsurance basis.
Plan of Reinsurance. This indemnity reinsurance will be on a modified coinsurance basis for the Base Annuities and on a coinsurance basis for all Riders. The Ceding Company will retain, control and own all assets held in relation to the Modified Coinsurance Reserve.
Plan of Reinsurance. 1. Life reinsurance ceded to the Pool under this Agreement shall be on a yearly renewable term basis for the Reinsurance Death Benefit under the policies shown in Exhibit II, issued by the Ceding Company.
Plan of Reinsurance. Reinsurance ceded to the Pool members may be on the Coinsurance, Monthly Renewable Term, or Yearly Renewable Term plan. The specific plan of reinsurance for each type of coverage reinsured will be as indicated in the Exhibit B for that plan of insurance. New reinsurance will be for an amount not less than $100,000. The net amount of reinsurance for each plan of reinsurance will be as follows: Coinsurance - The net amount of reinsurance each year will equal the initial amount ceded. Yearly Renewable Term - The net amount of reinsurance each year will be the death benefit for the portion of the risk reinsured less the interpolated cash value for the entire risk. Decennial cash values will be used for computing the interpolated value in any policy year. Monthly Renewable Term - The net amount of reinsurance each month will be the death benefit (as defined by the policy) for the reinsured portion of the risk less the full value of the cash fund at the end of the preceding month.
Plan of Reinsurance. A. Reinsurance of Life risks shall be on the Yearly Renewable Term plan. The risk amount for policy years one through five shall be estimated by the Company at issue. At the end of the five years and each subsequent five year period, the Company shall provide the North American Re with reinsurance risk amounts for the ensuing five years. However, increases in the reinsured risk amount shall be limited to an ultimate maximum of $1,000,000. Reinsurance premiums and reinsurance death benefits will be based on the reinsurance risk amounts so reported to North American Re regardless of what the actual policy risk amounts are.
Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Company shall cede to Swiss Re Life & Health the portion of the initial risk amount in excess of its retention. Thereafter, the Company and Swiss Re Life & Health shall keep the same proportionate shares of the risk amount developed each month.
