Reinsurance Premiums Sample Clauses

Reinsurance Premiums. A. The total Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an ag...

Reinsurance Premiums. After the effective date of this Agreement, the Monthly Premium due the Reinsurer by the Reinsured with respect to each insurance contract reinsured is specified in Schedule B or any amendments thereto.

Reinsurance Premiums. 4 ARTICLE V.................................................................. 4

Reinsurance Premiums. A. Computation Premiums for reinsurance under this Agreement will be computed as described in Exhibit I. B. Premium Accounting

Reinsurance Premiums. 1. The premium for each Covered Policy reinsured pursuant to this Agreement will be: (a) the quota share shown on Schedule A; multiplied by (b) the reinsurance premium rate calculated in accordance with Schedule B applied to the net amount at risk (hereinafter, the "Reinsurance Premium"). 2. For technical reasons relating to the uncertain status of deficiency reserve requirements, the reinsurance premium rates shown in Schedule B cannot be guaranteed for more than one year. However, Reinsurer anticipates continuing to accept premiums on the basis of the reinsurance premium rates as described in Schedule B for reinsurance ceded. If Reinsurer deems it necessary to increase reinsurance premium rates, such increased rates shall not be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue. 3. Reinsurer shall notify Cedent of its intention to change the reinsurance premium rates by giving ninety (90) days written notice. Reinsurer and Cedent will have this ninety (90) day period to negotiate a change in the rates. Any rate change that is agreed to will take effect at the end of this period. Should no agreement be reached by the end of this period, Cedent shall have the right to terminate this Agreement and recapture all or part of the reinsurance ceded under this Agreement by providing ninety (90) days written notice of termination. During the ninety (90) day termination notice period, premiums shall be calculated based on the current premium rate. With respect to any notice given under this Paragraph, the day the notice is deposited in the mail addressed to the home office or to an officer of the party receiving such notice will be the first day of the ninety (90) day period.

Reinsurance Premiums. A. Life Premiums i) Until further notice, reinsurance premiums shall be developed as described in the Exhibit B attached to this Memorandum Addendum. The North American Re guarantees that premium rates for a given attained age, rating, and duration shall not exceed the higher of the rate shown in the attached schedule (Exhibit B) for that age, rating, and duration or the one year term rate on the appropriate multiple of the applicable 1980 CSO table at the maximum statutory valuation rate approved in New York state. ii) Reinsurance premiums are calendar month premiums payable at the end of the month in which they become due.

Reinsurance Premiums. Reinsurance premiums will be based on the Reinsurance Risk Amount. The reinsurance premiums per $1000 of Reinsurance Risk Amount are shown in Schedule B.

Reinsurance Premiums. Life Premiums

Reinsurance Premiums. A. Computation Reinsurance Premiums under this Agreement shall be calculated as described in Exhibit I. B. Timing Reinsurance Premiums are payable each month of coverage for reinsured risks in force at the end of the preceding month. For newly reinsured risks with a reinsurance effective date during the current month, the Reinsurance Premium for the first month of coverage will be payable in the next following monthly statement.

Reinsurance Premiums. The monthly premiums for reinsurance subject to the terms and conditions of this Agreement shall be calculated as the average of the reinsurance premiums using the Net Amount at Risk as of the end of the prior month and the reinsurance premium using the Net Amount at Risk as of the end of the current month by applying the YRT rates set forth in Schedule D, subject to the following: A. The reinsurance premiums shall be based on the older of contract owner and annuitant at the time the Net Amount at Risk is calculated. Ceding Company shall determine the age at the time it prepares the monthly exposure data submission for the variable annuity guaranteed death benefit, as set forth in Schedule E, attached hereto. B. The premium for each calendar month will be at least equivalent to the Monthly Average Contract Value times the minimum premium rate as shown in paragraphs D and E below. The Monthly Average Contract Value is the average of the contract values at the end of the current calendar month and the end of the prior calendar month. The Monthly Contract Value times the minimum premium rate will be remitted to Reinsurer in advance for the current month, at the time of settlement for the prior month. C. The premium for each calendar month will be no more than the monthly Average Contract Value times the maximum premium rate as shown in paragraphs D and E below. Basis points (bps) shown below are monthly. D. [Premium rate schedules]