Basic Premiums definition

Basic Premiums. The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy, as defined in the Net Amounts At Risk provision of this Exhibit, by the appropriate rate from the set of “2001 VBT S&U ALB gender and smoker distinct” tables included at the end of this Exhibit, subject to the percentages shown below. The Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force. The following percentages will be applied to the reinsurance premiums payable hereunder: Guaranteed Issue and Simplified Issue (CSIO SI-2): Issue Ages (Male) Issue Ages (Female) 0 – 59 60 + 0 – 59 60 + Non-Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Guaranteed Issue and Simplified Issue (COLI, BOLI, and CSIO SI-1): Issue Ages (Male) Issue Ages (Female) 0 – 59 60 + 0 – 59 60 + Non-Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) Future Executive Variable Universal life, Variable Executive Life, Future Corporate Variable Universal Life, Next Generation Corporate Variable Universal Life and Private Placement Variable Universal life Fully Underwritten Regular Issue (COLI, BXXX, XXXX XX-0, xxx XXXX XX-0): Issue Ages (Male) Issue Ages (Female) 0 – 59 60 + 0 – 59 60 + Standard NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Standard TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + I414849US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) Executive Indexed Universal Life and Future Executive Universal Life Fully Underwritten Regular Issue (COLI, BOLI, CSIO SI-1 and CSIO SI-2) : Issue Ages (Male) Issue Ages (Female) 0 – 59 60 + 0 – 59 60 + Standard NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred Plus NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Standard TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Table Extra Premiums/Multiple Extra Premiums: The Reinsurer shall receive its proportionate share of any extra premiums payable due to additional mortality risk. Table extra premiums are equal to 25% of ...
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Basic Premiums. The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy by the appropriate rate from the 2001 VBT Select & Ultimate ALB set of rates included at the end of this Exhibit, subject to the percentages shown below. Premiums will be payable on a policy year basis, regardless of the premium payment mode under the original insurance, and the Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force. The following percentages will be applied to the reinsurance premiums payable hereunder: All Years Non-Smoker 70% Smoker 86% Table Extra Premiums/Multiple Extra Premiums: Table extra premiums are equal to 25% f the standard basic premium for each assessed table of extra mortality. The Multiple Extra Premium is developed by adding all Table Extra Premiums to the standard basic premium. Any extra premiums payable on account of additional mortality risk will be payable to the Reinsurer.
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Examples of Basic Premiums in a sentence

  • Basic Premiums are $ 445.50 each Changing on SEP 10, 2018 to $ 2299.00 each ***** END OF SCHEDULE ***** POLICY NO.

  • Basic Premiums are $ 445.50 each Changing on SEP 10, 2018 to $ 2299.00 each ***** END OF SCHEDULE ***** VAL--88 PAGE 3 II-131 POLICY NO.

  • The reinsurance rates applicable to the reissued policy will be the Basic Premiums specified in Exhibit C-1 and Exhibit C-2 reflecting the issue age and duration of the original policy.

  • The reinsurance rates applicable to such portion of the reinsured policy will be the Basic Premiums specified in Exhibit C-1 and Exhibit C-2 reflecting the issue age and duration based on the date of the change on the policy.

  • Basic Premium(s) and Riders Reinsurance premiums for automatic policies will be based on the following percentages (hereinafter referred to as “Schedule A”) of the 90-95 S&U table, attached to either Exhibit C-1 or C-2: All bands, all years Elite Preferred Preferred Non-Smoker Standard Non-Smoker Preferred Smoker Standard Smoker For policies with insureds aged 0-19, the Standard Non-Smoker class will apply.

  • On Basic Premium(s) Reinsurance premiums will be based on the following percentages of the 2001 VBT Table rates: Ages 0-59 Ages 60 + Preferred, Non Smoker 52% 59% Standard, Non Smoker 71% 79% Standard, Smoker 81% 90% *Reinsurance Premiums are payable until attained age 100.

  • Basic Premium(s) and Riders Reinsurance premiums will be based on the following percentages of the 90-95 S&U table, attached to this Exhibit C-2: All bands, all years Elite Preferred Preferred Non-Smoker Standard Non-Smoker Preferred Smoker Standard Smoker Juvenile For policies with insureds aged 0-19, the Standard Non-Smoker class will apply.

  • Conversions will be point in scale using the appropriate rate from the American Family Cost of Insurance rates included in the CD attached at the end of this Exhibit, subject to the percentages included in item 5, Basic Premiums, above.

Related to Basic Premiums

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Water Charges means service charges in respect of the provision of water.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;20

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • User Charges means a charge made to airlines by a service provider for the provision of airport, airport environmental, air navigation and aviation security facilities and services.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Operating Cost means the costs associated with operating a DCA funded property after it is placed in service.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.