SUB-STANDARD definition
Examples of SUB-STANDARD in a sentence
FEMALE RATES Ages 0 to 10 Use Rates for Males Same Age Ages 11 to 14 Use Rates for Males Age 10 Ages 15 to 19 Use Rates for Males 4 Years Younger Ages 20 to 23 Use Rates for Males Age 20 Ages 24 and Older Use Rates for Males 4 Years Younger SUBSTANDARD RISKS Multiple table substandard premiums are equal to the sum of the standard premium (smoker, Nonsmoker, or undifferentiated) and the appropriate multiple of the additional premiums for 25% excess mortality shown in the Substandard table.
SUBSTANDARD TABLE EXTRA - Substandard table extra ratings usually apply to physically impaired lives.
FEMALE RATES Ages 20 to 24 Use Rates for Males Age 20 Ages 25 & Older Use Rates for Males 5 Years Younger SUBSTANDARD RISKS Multiple table substandard premiums are equal to the sum of the standard premium (smoker or non-smoker) and the appropriate multiple of the additional premiums for 25% excess mortality shown in the Substandard table.
ON TABLE EXTRA SUBSTANDARD RISKS Substandard table extra will be reinsured using 25% per table rating multiplied by the appropriate YRT rate.
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.