Common use of Premium Rates Clause in Contracts

Premium Rates. The Ceding Company agrees to provide Reinsurer with sixty (60) days advance notice of its intent to increase cost of insurance rates charged for new or existing business. Nothing herein shall be construed to limit the Ceding Company's ability to change cost of insurance rates in its own discretion. For reinsurance of new business, Reinsurer reserves the right to change reinsurance premium rates after ninety (90) days written notice is provided to the Ceding Company. For reinsurance on existing business, Reinsurer agrees that it may increase reinsurance premium rates as shown in Exhibit D, or any agreed upon amendment thereto, only as provided for in the next paragraph. [terms of rate guarantee redacted] IDSL VUL4/LP Select Treaty 7 [terms of rate guarantee redacted] In any event, the maximum reinsurance premium rates which may be charged by the Reinsurer shall be the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates and minimum mortality rates for each year of issue as prescribed by law. IDSL VUL4/LP Select Treaty 8

Appears in 2 contracts

Samples: Automatic Yrt (Ids Life Variable Life Separate Account), Reinsurance Agreement (Ids Life Variable Life Separate Account)

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Premium Rates. The Ceding Company agrees to provide Reinsurer with sixty (60) days advance notice of its intent to increase cost of insurance rates charged for new or existing business. Nothing herein shall be construed to limit the Ceding Company's ability to change cost of insurance rates in its own discretion. For reinsurance of new business, Reinsurer reserves the right to change reinsurance premium rates after ninety (90) days written notice is provided to the Ceding Company. For reinsurance on existing business, Reinsurer agrees that it may increase reinsurance premium rates as shown in Exhibit D, or any agreed upon amendment thereto, only as provided for in the next paragraph. [terms of rate guarantee redacted] IDSL VUL4/LP Select Treaty 7 [terms of rate guarantee redacted] In any event, the maximum reinsurance premium rates which may be charged by the Reinsurer shall be the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates and minimum mortality rates for each year of issue as prescribed by law. IDSL VUL4/LP Select Treaty 8

Appears in 1 contract

Samples: Automatic Yrt (Ids Life Variable Life Separate Account)

Premium Rates. The Ceding Company agrees to provide Reinsurer with sixty (60) days advance notice of its intent to increase cost of insurance rates charged for new or existing business. Nothing herein shall be construed to limit the Ceding Company's ability to change cost of insurance rates in its own discretion. For reinsurance of new business, Reinsurer reserves the right to change reinsurance premium rates after ninety (90) days written notice is provided to the Ceding Company. For reinsurance on existing business, Reinsurer agrees that it may increase reinsurance premium rates as shown in Exhibit D, or any agreed upon amendment thereto, only as provided for in the next paragraph. [terms Terms of rate guarantee redacted.] IDSL IDSL-NY VUL4/LP Select Treaty 7 [terms Terms of rate guarantee redacted.] In any event, the maximum reinsurance premium rates which may be charged by the Reinsurer shall be the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates and minimum mortality rates for each year of issue as prescribed by law. IDSL IDSL-NY VUL4/LP Select Treaty 8

Appears in 1 contract

Samples: Automatic Yrt (Ids Life of New York Account 8)

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Premium Rates. The Ceding Company agrees to provide Reinsurer with sixty (60) days advance notice of its intent to increase cost of insurance rates charged for new or existing business. Nothing herein shall be construed to limit the Ceding Company's ability to change cost of insurance rates in its own discretion. For reinsurance of new business, Reinsurer reserves the right to change reinsurance premium rates after ninety (90) days written notice is provided to the Ceding Company. For reinsurance on existing business, Reinsurer agrees that it may increase reinsurance premium rates as shown in Exhibit D, or any agreed upon amendment thereto, only as provided for in the next paragraph. [terms of rate guarantee redacted] IDSL IDSL-NY VUL4/LP Select Treaty 7 [terms of rate guarantee redacted] In any event, the maximum reinsurance premium rates which may be charged by the Reinsurer shall be the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates and minimum mortality rates for each year of issue as prescribed by law. IDSL IDSL-NY VUL4/LP Select Treaty 8

Appears in 1 contract

Samples: Automatic Yrt (Ids Life of New York Account 8)

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