Common use of PREMIUM ADJUSTMENT Clause in Contracts

PREMIUM ADJUSTMENT. Reinsurance The reinsurance premiums for the interval during which the policy was lapsed will be paid to THE REINSURER by THE COMPANYthe Reinsurer on the same basis as the Ceding Company charged its policyholder for the reinstatement.

Appears in 7 contracts

Sources: Yearly Renewable Term Reinsurance Agreement (American National Variable Life Separate Account), Yearly Renewable Term Reinsurance Agreement (National Variable Life Insurance Account), Reinsurance Agreement (Tiaa-Cref Life Separate Account Vli-1)

PREMIUM ADJUSTMENT. Reinsurance premiums for the interval during which the policy was lapsed will be paid to THE REINSURER by THE COMPANYthe Reinsurer on the same basis as the Ceding Company charged its policy owner for the reinstatement.

Appears in 5 contracts

Sources: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)

PREMIUM ADJUSTMENT. Reinsurance premiums for the interval during which the policy was lapsed will be paid to THE REINSURER by THE COMPANY____ on the same basis as CEDING COMPANY charged its policy owner for the reinstatement.

Appears in 1 contract

Sources: Reinsurance Agreement (National Variable Life Insurance Account)