Common use of SUBSTANDARD Clause in Contracts

SUBSTANDARD. PREMIUMS Premiums will be increased by any Flat Extra Premium as shown in Schedule IV, charged the insured on the face amount initially reinsured. Premiums will be increased by any substandard premium as shown in Schedule IV, charged the insured on the net amount at risk reinsured.

Appears in 1 contract

Sources: Automatic and Facultative Yrt Reinsurance Agreement (Farm Bureau Life Variable Account)

SUBSTANDARD. PREMIUMS Premiums will be increased by any Flat Extra Premium (flat) extra premium as shown in Schedule IVI, charged the insured on the face amount initially reinsured. Premiums will be increased by any substandard premium as shown in Schedule IVI, charged the insured on the net amount at risk reinsuredReinsurer’s share of the face amount.

Appears in 1 contract

Sources: Automatic and Facultative Coinsurance Reinsurance Agreement (Kansas City Life Insurance Co)

SUBSTANDARD. PREMIUMS Premiums will be increased by any Flat Extra Premium as shown in Schedule IV, charged the insured on the face amount initially reinsured. Premiums will be increased by any substandard premium as shown in Schedule IV, charged the insured on the net amount at risk reinsuredReinsurer’s share of the face amount.

Appears in 1 contract

Sources: Reinsurance Agreement (Thrivent Variable Life Account I)

SUBSTANDARD. PREMIUMS Premiums will be increased by any Flat Extra Premium (flat) extra premium as shown in Schedule IVI, charged the insured on the face amount initially reinsured. Premiums will be increased by any substandard premium as shown in Schedule IVI, charged the insured on the net amount at risk reinsured.

Appears in 1 contract

Sources: Automatic Yrt Reinsurance Agreement (Kansas City Life Insurance Co)