REINSURANCE BASIS. This Agreement, including the attached Schedules, states the terms and conditions of automatic and facultative reinsurance that is on a Yearly Renewable Term basis. This Agreement is applicable only to reinsurance of policies directly written by CEDING COMPANY. Any policies acquired through merger of another company, reinsurance, or purchase of another company's policies are not included under the terms of this Agreement.
REINSURANCE BASIS. Subject to the terms and conditions of this Agreement, the Ceding Company hereby cedes to the Reinsurer, and the Reinsurer hereby accepts and agrees to reinsure, on an indemnity basis, the Reinsured Liabilities on a coinsurance basis. The reinsurance effected under this Agreement shall be maintained in force, without reduction, as long as the Ceding Company has any liabilities or obligations with respect to the Reinsured Policies, unless such reinsurance is terminated as provided herein.
REINSURANCE BASIS. Yearly Renewable Term
REINSURANCE BASIS. Reinsurance Coverage is the Reinsurer’s Quota Share, plus amounts in excess of the Ceding Company’s Maximum Dollar Retention Limits, as shown in Section 3 of Schedule A, to be ceded on a Yearly Renewable Term. This agreement is limited to the indemnification of the Ceding Company’s contractual liabilities of the Covered Policies, defined herein as the policies directly written by the Ceding Company as set forth in Section 2 of Schedule A. Any policies acquired through merger with another company, reinsurance, or purchase of another company’s policies, are not included under the terms of this Agreement.
REINSURANCE BASIS. Life reinsurance for Xxxx Xxxxxxx issues of the policies listed in Schedule A will be reinsured on a Modified Coinsurance basis.
REINSURANCE BASIS. Yearly Renewable Term based on true mortality rating regardless of what the Company charges its insureds.
REINSURANCE BASIS. As of the Effective Time, the Ceding Companies hereby cede on an indemnity reinsurance basis to the Reinsurer, and the Reinsurer hereby accepts and agrees to reinsure and indemnify the Ceding Companies for, one hundred percent (100%) of the Reinsured Liabilities. The reinsurance effected under this Agreement shall be maintained in force, without reduction, unless such reinsurance is terminated as provided herein.
REINSURANCE BASIS. Coinsurance
REINSURANCE BASIS. Policies covered under this Agreement will be reinsured on a YRT basis.
REINSURANCE BASIS. AND AMOUNT AT RISK ------------------------------------ Reinsurance ceded under this Agreement shall be on what is commonly known as the Yearly Renewable Term basis. The amount of reinsurance coverage shall be based upon the net amount at risk, that is, the face amount less a fund that represents the savings element in the policy. Basic policies and riders are included in determining the net amount at risk. The overriding principle involved is that the Ceding Company shall maintain a level retention at all times. Amounts at risk shall be calculated as follows.
