YRT definition

YRT means York Region Transit, a branch of the Region's Transportation Services Department, with the responsibility of operating the Regional transit network.
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YRT means yearly renewable term.
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Examples of YRT in a sentence

  • Annual YRT Reinsurance Premiums, as calculated in Exhibit I, based on the Reinsured Net Amount at Risk, as defined in Schedule B, are paid annual in advance each month for those policies renewing during that month.

  • The Reinsurance Premiums for both lives shall be calculated using the tables of Annual Rates per $1,000 of Reinsured Net Amount at Risk and table of YRT Reinsurance Rate Factors applicable to the earliest original coverage in accordance with the procedures set out in Exhibit I.

  • RIDERS Term riders, cost of living riders, and other riders providing additional or increasing coverage will use the same methods and YRT rates as the base plan.

  • Reinsurance will be on a YRT basis using the YRT Rates for Conversions specified in Exhibit C-1, at the issue age and duration of the original Reinsured Policy.

  • THE REINSURER guarantees only that the premium rates applicable to business received under this Agreement will not exceed the YRT net premiums at the applicable statutory minimum valuation select and ultimate mortality table and statutory maximum interest rate for the reinsured business.

  • Conversions from existing term plans of insurance reinsured under this Agreement will be reinsured using the YRT premiums attached as Exhibit I on a point in scale basis up to the original face amount.

  • The Reinsurer will refund to the Ceding Company all unearned Annual YRT Reinsurance Premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in Article IX.

  • D.1 PREMIUMS AND ALLOWANCES Plans covered under this Agreement will be reinsured on a YRT basis.

  • The Reinsurer anticipates continuing to accept premiums on the basis of the YRT rates described in Exhibit IV.

  • The Reinsurer will refund to the Ceding Company all unearned Annual YRT Reinsurance Premiums not including policy fees, less applicable allowances, arising from reductions, terminations and changes as described in Article VIII.