Special Risks. The Reinsurer will receive a proportionate share of any extra premiums the Ceding Company may collect for the coverage of special risks (traveling, climate, occupation, etc.). This share will be based on the ratio between initial amount reinsured and the total initial benefits insured and will remain constant throughout the entire period of premium payment.
Appears in 2 contracts
Sources: Automatic Risk Premium Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co), Reinsurance Agreement (Vel Ii Account of Allmerica Financial Life Ins & Ann Co)