Substandard Premiums definition

Substandard Premiums. For Policies written on substandard risks, the appropriate premium rate shall be adjusted by multiplying the rate by twenty-five percent (25%) for each table assessed the risk and adding such amount to the reinsurance premiums due.
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Substandard Premiums. The substandard table extra premiums shall be the number of tables assessed the risk times twenty-five percent (25%) of the attached appropriate rates times the above percentages in renewal years only.
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Examples of Substandard Premiums in a sentence

  • Standard and Substandard Premiums Other Than Flat Extras Reinsurance premiums for standard risks and for substandard risks charged a percentage extra reinsurance premium shall be based on the YRT rates shown at Exhibit II.

  • Substandard Premiums: Premiums on substandard business will be based on the standard rate increased by an extra 25% per table of assessed rating.

  • Standard and Substandard Premiums: Allianz Life anticipates that the yearly renewable term rates attached to Schedule C of this Agreement will be continued indefinitely for all individual life reinsurance cessions to which such rates shall apply.

  • Standard and Substandard Premiums: ---------------------------------- Allianz Life anticipates that the yearly renewable term rates attached in Schedule C will be continued indefinitely for all individual life reinsurance cessions to which such rates shall apply.