Common use of Reinsurance Rates Clause in Contracts

Reinsurance Rates. Reinsurance rates that you will pay us for business covered under this Agreement are shown in Exhibit B. The reinsurance rate payable for any cession for any accounting period will be calculated on the basis of the net amount at risk reinsured as of that period. If the original policy is issued with interim insurance, you will pay us a reinsurance rate for the interim period that is the same percentage of the first year premium that the interim period bears to twelve months. The rate that you pay us for the first policy year after the interim period will be calculated on the basis of the full annual reinsurance rate. Procedures and details of reinsurance rate calculation for any benefits or riders ceded under this Agreement are shown in Exhibit B. All financial transactions under this Agreement will be in United States dollars, unless the ceding company and the reinsurer mutually agree to use other currencies. Specifications of the currencies and details of currency conversion procedures will be shown in Exhibit B if necessary.

Reinsurance Rates. Reinsurance rates that you will pay us for business covered under this Agreement are shown in Exhibit B. The reinsurance rate payable for any cession for any accounting period will be calculated on the basis of the tip net amount at risk reinsured ensured as of that period. If the original policy is issued with interim insurance, you will pay us a reinsurance rate for the interim period that is the same percentage of the first year premium that the interim period bears to twelve months. The rate that you pay us for the first policy year after the interim period will be calculated on the basis of the full annual reinsurance rate. Procedures and details of reinsurance rate calculation for any benefits or riders ceded under this Agreement are shown in Exhibit B. All financial transactions under this Agreement will be in United States dollars, dollars unless the ceding company and the reinsurer mutually agree to use other currencies. Specifications of the currencies and details of currency conversion procedures will be shown in Exhibit B if necessary.