Substandard Risks Sample Clauses
Substandard Risks. The substandard extra reinsurance premium rate per $1,000 for one table (25% mortality) is 25% of the standard rate. The extra reinsurance premium for additional tables is the corresponding multiple of the extra reinsurance premium for one table. When a flat extra premium is charged by THE COMPANY, a flat extra reinsurance premium is paid at the same rate and for the same period.
Substandard Risks. For substandard insurance risks, the per $1,000 portion of the factors shown in the MCP table for standard risks shall be multiplied by a factor which equals one plus 90% of any extra mortality multiple up to and including substandard table F. Any substandard rating greater than table F shall be treated as though it were table F for MCP purposes. Flat extra mortality charges will not increase the standard rate MCP factors.
Substandard Risks. For Nonmed policies, Tier 3 reinsurance premium rates will be defined as two times the Tier 2 premium rates. For Medical policies, reinsurance premium rates are increased by 25% for each table assigned and applied to the Standard non-tobacco/Standard tobacco risk class.
Substandard Risks. [REDACTED]
1. For Joint Survivorship plans, the substandard multiple and flat extra reinsurance premium rates, net of any applicable allowances specified in Article 6.1., are added to the individual rates specified in Article 5.2 prior to Frasierization.