Reinsurance Premium Rates. A. Plans of insurance listed in Schedule A will be reinsured on a yearly renewable term basis for the Net Amount At Risk on that portion of the policy which is reinsured with the REINSURER.
Reinsurance Premium Rates. The Reinsurance Premium Rates applicable to each of the GMDB Types are as follows.
Reinsurance Premium Rates. RATES AND CALCULATION. The reinsurance premiums per $1000 are shown in Schedule B. Reinsurance premiums for renewals will be calculated using (1) the issue age of the insured, (2) the duration since issuance and (3) the current underwriting classification. Reinsurance premiums for any face amount increases are calculated using (1) the age of the insured as of the effective date of the increase, (2) the duration since the effective date of the increase and (3) the current underwriting classification.
Reinsurance Premium Rates. The monthly Reinsurance Premiums due from the Company to the Reinsurer shall be calculated at the end of each calendar month based on the Amount Reinsured under each Reinsured Plan as of its Monthiversary falling in that calendar month. The Company shall pay to the Reinsurer the Reinsurance Premiums on a monthly renewable term basis at one twelfth of the applicable annual Reinsurance Premium Rates set forth in Schedule I. The Reinsurance Premium Rates are guaranteed by the Reinsurer except where a particular rate is less than the applicable rate set forth in the Table of Guaranteed Maximum Life Insurance Rates of the reinsured policies; in that case, to the extent of such shortfall, such particular rate shall only be guaranteed for one Policy Year, so that the Reinsurer need not maintain deficiency reserves in connection with such Reinsurance Premiums payable pursuant to this Agreement. Nevertheless, Reinsurer shall anticipate continuing to accept reinsurance on the basis of the Reinsurance Premium Rates for all Reinsured Plans that were originally ceded pursuant to such rates.
Reinsurance Premium Rates. 8 a. ......
Reinsurance Premium Rates. 8 13. PAYMENT OF REINSURANCE PREMIUMS...................................................................... 9
Reinsurance Premium Rates. 9 13. REVISION OF PREMIUM RATES ........................................................................... 9
Reinsurance Premium Rates. The premium rates per thousand of reinsurance amount at risk shall be the percentages in E.3 below the GUL II/GVUL II YRT Basis (attached as Addendum A): • percentages are applied to the “ ” rates • percentages are applied to the “ ” rates • percentages are applied to the “ ” rates Reinsurance premiums are payable . However, the Ceding Company may choose to . Such .
Reinsurance Premium Rates. Fully Underwritten Issues Standard Risks The monthly reinsurance premium shall be the attached Guaranteed Maximum cost of insurance rates charged the insured per thousand of the net amount at risk times the following percentages based on an age nearest calculation: Automatic and Capacity Facultative* Policy Year 1 2+ ------- ------ Non-Capacity Facultative** Policy Year 1 2+ ------- ------ Substandard Risks The substandard table extra premiums shall be the number of tables assessed the risk times [percentage] of the attached appropriate standard rates times the above percentages. * Capacity facultative reinsurance is that reinsurance for which the REINSURED made facultative application to no reinsurer other than the [NAME OF REINSURANCE COMPANY] and on which the REINSURED retains its full limit of retention for the plan, age at issue, and mortality classification of the policy. ** Non-capacity facultative reinsurance is that reinsurance for which the REINSURED made facultative application to reinsurers other than the [NAME OF REINSURANCE COMPANY] and on which the REINSURED retains less than its full limit of retention for the plan, age at issue, and mortality classification of the policy. PREMIUM SCHEDULE, PART I (CONTINUED) Continuations to Issues Reinsured Hereunder The reinsurance premium for policies reinsured under this agreement as continuations shall be the appropriate premium described in this agreement; unless the reinsurance agreement under which the original policy was reinsured specifies otherwise, the policy duration and attained age of the insured for purposes of calculating such premiums, shall be determined as though the continuations were issued on the same date and at the same issue age as the original policy. Continuations from Issues Reinsured Hereunder The reinsurance premium for continuations of policies reinsured under this agreement shall be as described in the agreement which covers the new policy; unless that agreement specifies otherwise, the policy duration and attained age of the insured, for purposes of calculating such premiums, shall be determined as though the continuations were issued on the same date and at the same issue age as the original policy. If no such agreement is in effect between the [NAME OF REINSURANCE COMPANY] and the REINSURED, reinsurance shall continue hereunder. Continuation Policy Fee If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determini...
Reinsurance Premium Rates. Standard and Substandard Premiums: Allianz Life anticipates that the yearly renewable term rates attached to Schedule C of this Agreement will be continued indefinitely for all individual life reinsurance cessions to which such rates shall apply. However, if any one or more of such premium rates for any policy year or years after the first shall be less than the net premium rate or rates based on the 1980 CSO Table at 4 1/2% interest for the applicable mortality rating, only the latter rate or rates shall be guaranteed by Allianz Life.
