Rate Guarantee. The reinsurance rates set out in this Exhibit are guaranteed for the first policy year. In subsequent policy years, the Reinsurer reserves the right to increase the premiums for reinsurance but not above the statutory net valuation premium applicable to the Reinsured Policies after increase. If the Reinsurer exercises its right to increase reinsurance premiums under this Agreement in an amount greater than that required to ensure that the Reinsurer will participate in its share of any increases in premium rates, costs, charges or fees as implemented by the Company for the Reinsured Policies, the Company may recapture all of the Reinsured Policies on which reinsurance rates have been increased regardless of the Reinsured Policies’ duration in force. If the Company elects to recapture reinsurance under this provision, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance. (QT20102US19)
Rate Guarantee. An employee whose job is directly eliminated by a transfer of work, the discontinuance of a discrete, unreplaced product line, the introduction of a robot, or the introduction of an automated manufacturing machine shall be paid on any job to which transferred or recalled in the plant at a rate not less than the regular hourly rate of the job eliminated for up to seventy-eight
Rate Guarantee. A. The YRT rates set out in this Agreement are fixed for the twelve month period following the policy date of any Covered Policy . Thereafter, and with respect to any rate increase pursuant to paragraphs B or C of this section, reinsurance rates may not exceed the U.S. statutory net valuation premium applicable to the Covered Policies, calculated using the appropriate guaranteed mortality table and interest assumption.
Rate Guarantee. The Company’s direct premiums are fully guaranteed for the life of the policy. Likewise, the reinsurance allowances set out in this Exhibit are guaranteed for the life of the policy.
Rate Guarantee. The YRT reinsurance rates are guaranteed for one year and are guaranteed not to exceed the U.S. statutory net valuation premium applicable to the reinsured policies, calculated using the appropriate guaranteed mortality table and interest assumption. The Reinsurer may increase its reinsurance premiums following [*] on any business reinsured under this Agreement. The Company will provide written notice to Reinsurer of such an increase within sixty (60) days following the date that such [*]. The amount of Reinsurer’s increase in its reinsurance premiums will be [*]. At any time during the twelve month period following such an increase in reinsurance premiums as outlined above, the Company shall have the right, at its option, to recapture all, but not less than all, of the Reinsured Policies on which reinsurance premiums have been so increased, regardless of the issue date.
Rate Guarantee. While Cologne anticipates continuing to accept premiums on the basis of the attached rates, Cologne can only guarantee that the life reinsurance premium rates payable under this Agreement shall not exceed the one-year term net premiums computed on the 1958 CSO Mortality Table using 3% interest and continuous functions. Exchange to Other Plan of Insurance: First year rates will apply to any policy on which the Ceding Company has (a) obtained full current underwriting evidence on the full amount, which is satisfactory to Cologne, (b) full normal commissions are paid for the new plan and (c) the Suicide and Contestable provisions apply as if the policy were newly issued. The rates shall be calculated using rate scale 115/215 ANB. Otherwise, if the conversion does not qualify as a new issue, reinsurance shall be on a YRT basis at attained age and duration on rate scale 115/215 ANB.
Rate Guarantee. An hourly rated or nonexempt salaried employee whose job is directly eliminated by a transfer of work, the discontinuance of a discrete, unreplaced product line, the introduction of a robot, or the introduction of an automated manufacturing or office machine shall be paid on any job to which transferred or recalled in the plant at a rate not less than the regular hourly daywork rate (average earnings exclusive of overtime premium in the case of incentive workers and actual straight-time salary rate in the case of nonexempt salaried employees) of the job eliminated for up to seventy-eight (78) weeks immediately following the original transfer or layoff. In the event that an hourly rated or nonexempt salaried employee is displaced due to a reduction in force within six months of the Company’s decision to subcontract work that would otherwise have been performed by the employee had it not been subcontracted, and where such decision did not reduce the number of represented employees performing ongoing work at that time, such subsequently displaced employee shall be eligible for rate guarantee under this Section 3(a), effective at the time of the displacement.
Rate Guarantee. A The Reinsurer, in its sole discretion, may increase the YRT reinsurance rates set out in this sub-section, provided:
Rate Guarantee. The reinsurance rates set out in this Exhibit are guaranteed for the first policy year. In subsequent policy years, the Reinsurer reserves the right to increase the premiums for reinsurance but not above the greater of the guaranteed premium (or Maximum Cost of Insurance Rates for Universal Life plans if applicable) charged to the policyholder or the statutory net valuation premium applicable to the Reinsured Policies after increase. If the Reinsurer exercises its right to increase reinsurance premiums under this Agreement in an amount greater than a retail premium rate increase implemented by the Company for the Reinsured Policies, the Company may recapture all of the Reinsured Policies on which reinsurance rates have been increased regardless of the Reinsured Policies’ duration in force. The Company must provide written notice of its election to recapture prior to the effective date of the reinsurance rate increase. Any such recapture shall be effective on the effective date of the reinsurance rate increase. If the Company elects to recapture reinsurance under this provision, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance.
Rate Guarantee. YRT rates are guaranteed not to exceed the one-year term rate calculated using the appropriate guaranteed interest assumption and the Commissioner’s Standard Ordinary Smoker/Non-smoker, Sex Distinct Mortality Table. In addition, the Reinsurer guarantees not to raise the YRT rates unless they raise YRT rates by a like amount on all their comparable YRT reinsurance business written during the calendar years while this Agreement is open for new business, or unless the Company raises the cost of insurance charges in which case the Reinsurer would raise its rates proportionally. In addition, this guarantee is contingent upon the Company adhering to the underwriting standards and any other treaty terms that have been presented as part of the basis of this Agreement.
