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.
Appears in 6 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
